reglab/housing_qa huggingface dataset:
AK Stat § 45.29.515 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.515. Duration and effectiveness of financing statement; effect of lapsed financing statement.

(a) Except as otherwise provided in (b) and (e) - (g) of this section, a filed financing statement is effective for a period of five years after the date of filing. (b) Except as otherwise provided in (e) - (g) of this section, an initial financing statement filed in connection with a manufactured home transaction is effective for a period of 30 years after the date of filing if it indicates that it is filed in connection with a manufactured home transaction. (c) The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless, before the lapse, a continuation statement is filed under (d) of this section. Upon lapse, a financing statement ceases to be effective and a security interest or agricultural lien that was perfected by the financing statement becomes unperfected unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is considered never to have been perfected as against a purchaser of the collateral for value. (d) A continuation statement may be filed only within six months before the expiration of the five-year period specified in (a) of this section or the 30-year period specified in (b) of this section, whichever is applicable. (e) Except as otherwise provided in AS 45.29.510, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the five-year period, the financing statement lapses in the same manner as provided in (c) of this section unless, before the lapse, another continuation statement is filed under (d) of this section. Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement. (f) If a debtor is a transmitting utility and a filed financing statement so indicates, the initial financing statement is effective until a termination statement is filed. (g) A mortgage that is effective as a financing statement filed as a fixture filing under AS 45.29.502(c) remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.
AK Stat § 45.29.517 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.517. Effect of indexing errors.

The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
AK Stat § 45.29.518 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.518. Claim concerning inaccurate or wrongfully filed record.

(a) A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed. (b) An information statement under (a) of this section must (1) identify the record to which it relates by (A) the file number assigned to the initial financing statement to which the record relates; and (B) if the information statement relates to a record filed for record in a filing office described in AS 45.29.501(a)(1), the date that the initial financing statement was filed for record and the information specified in AS 45.29.502(b); (2) indicate that it is an information statement; and (3) provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure the inaccuracy or provide the basis for the person's belief that the record was wrongfully filed. (c) The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record. (d) A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to file the record under AS 45.29.509(d). (e) An information statement under (d) of this section must (1) identify the record to which it relates (A) by the file number assigned to the initial financing statement to which the record relates; and (B) if the information statement relates to a record filed in a filing office described in AS 45.29.501(a)(1), by the date that the initial financing statement was filed and the information specified in AS 45.29.502(b); (2) indicate that it is an information statement; and (3) provide the basis for the person's belief that the person that filed the record was not entitled to file the record under AS 45.29.509(d).
AK Stat § 45.29.520 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.520. Acceptance and refusal to accept record.

(a) A filing office shall refuse to accept a record for filing for a reason set out in AS 45.29.516(b) and may refuse to accept a record for filing only for a reason set out in AS 45.29.516(b). (b) If a filing office refuses to accept a record for filing, the filing office shall communicate to the person who presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing office regulation but, in the case of a filing office described in AS 45.29.501(a)(2), no more than two business days after the filing office receives the record. (c) A filed financing statement satisfying AS 45.29.502(a) and (b) is effective even if the filing office is required to refuse to accept it for filing under (a) of this section. However, AS 45.29.338 applies to a filed financing statement providing information described in AS 45.29.516(b)(5) that is incorrect at the time the financing statement is filed. (d) If a record communicated to a filing office provides information that relates to more than one debtor, AS 45.29.501 - 45.29.525 applies as to each debtor separately.
AK Stat § 45.29.522 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.522. Maintenance and destruction of records.

(a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under AS 45.29.515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and, (1) if the record was filed for record in the filing office described in AS 45.29.501(a)(1), by using the file number assigned to the initial financing statement to which the record relates and the date that the record was filed for record; or (2) if the record was filed in the filing office described in AS 45.29.501(a)(2), by using the file number assigned to the initial financing statement to which the record relates. (b) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy a written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement that complies with (a) of this section.
AK Stat § 45.29.523 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.523. Information from filing office; sale or license of records.

(a) If a person who files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record under AS 45.29.519(a)(1) and the date and time of the filing of the record. However, if the person furnishes a copy of the record to the filing office, the filing office may instead (1) note on the copy the number assigned to the record under AS 45.29.519(a)(1) and the date and time of the filing of the record; and (2) send the copy to the person. (b) If a person files a record other than a written record, the filing office shall communicate to the person an acknowledgment that provides (1) the information in the record; (2) the number assigned to the record under AS 45.29.519(a)(1); and (3) the date and time of the filing of the record. (c) The filing office shall communicate or otherwise make available in a record the following information to a person who requests it: (1) whether there is on file on a date and time specified by the filing office, but not a date earlier than three business days before the filing office receives the request, a financing statement that (A) designates a particular debtor; (B) has not lapsed under AS 45.29.515 with respect to all secured parties of record; and (C) if the request so states, has lapsed under AS 45.29.515 and a record of which is maintained by the filing office under AS 45.29.522(a); (2) the date and time of filing of each financing statement; and (3) the information provided in each financing statement. (d) In complying with its duty under (c) of this section, the filing office may communicate information in any medium. However, if requested, the filing office shall communicate information by issuing its written certificate. (e) The filing office shall perform the acts required by (a) - (d) of this section at the time and in the manner prescribed by filing office regulations but, in the case of a filing office described in AS 45.29.501(a)(2), not later than two business days after the filing office receives the request. (f) At least bi-weekly, the filing office described in AS 45.29.501(a)(2) shall offer to sell or license to the public on a nonexclusive basis, in bulk, copies of all records filed in it under AS 45.29.501 - 45.29.525, in every medium from time to time available to the filing office.
AK Stat § 45.29.524 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.524. Delay by filing office.

Delay by the filing office beyond a time limit prescribed by AS 45.29.501 - 45.29.525 is excused if (1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and (2) the filing office exercises reasonable diligence under the circumstances.
AK Stat § 45.29.525 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.525. Fees.

The Department of Natural Resources shall adopt regulations that set the fees for (1) recording or filing and indexing a document under AS 45.29.501 - 45.29.525; and (2) responding to a request for information or copies from the filing office, including for communicating whether there is on file a financing statement naming a particular debtor.
AK Stat § 45.29.530 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.530. Accounting; appropriations.

Under AS 37.05.146(c), fees for services for recording and related services of the Department of Natural Resources for secured transactions under AS 45.29 (Uniform Commercial Code - Secured Transactions) shall be accounted for separately, and appropriations from the account are not made from the unrestricted general fund.
AK Stat § 45.29.601 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

(a) After default, a secured party has the rights provided in AS 45.29.601 - 45.29.628 and, except as otherwise provided in AS 45.29.602, those provided by agreement of the parties. A secured party (1) may reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by available judicial procedures; and (2) if the collateral is documents, may proceed either as to the documents or as to the goods the documents cover. (b) A secured party in possession of collateral or control of collateral under AS 45.07.116, AS 45.29.104, 45.29.105, 45.29.106, or 45.29.107 has the rights and duties provided in AS 45.29.207. (c) The rights under (a) and (b) of this section are cumulative and may be exercised simultaneously. (d) Except as otherwise provided in (g) of this section and AS 45.29.605, after default, a debtor and an obligor have the rights provided in this part and by agreement of the parties. (e) If a secured party has reduced its claim to judgment, the lien of a levy that may be made upon the collateral by virtue of an execution based on the judgment relates back to the earliest of the date (1) of perfection of the security interest or agricultural lien in the collateral; (2) of filing a financing statement covering the collateral; or (3) specified in a statute under which the agricultural lien was created. (f) A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free of any other requirements of this chapter. (g) Except as otherwise provided in AS 45.29.607(c), AS 45.29.601 - 45.29.628 impose no duties on a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles, or promissory notes.
AK Stat § 45.29.602 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.602. Waiver and variance of rights and duties.

Except as otherwise provided in AS 45.29.624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following sections: (1) AS 45.29.207(b)(4)(C), which deals with use and operation of the collateral by the secured party; (2) AS 45.29.210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account; (3) AS 45.29.607(c), which deals with collection and enforcement of collateral; (4) AS 45.29.608(a) and 45.29.615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition; (5) AS 45.29.608(a) and 45.29.615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral; (6) AS 45.29.609 to the extent that it imposes on a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace; (7) AS 45.29.610(b), 45.29.611, 45.29.613, and 45.29.614, which deal with disposition of collateral; (8) AS 45.29.615(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor; (9) AS 45.29.616, which deals with explanation of the calculation of a surplus or deficiency; (10) AS 45.29.620 - 45.29.622, which deal with acceptance of collateral in satisfaction of obligation; (11) AS 45.29.623, which deals with redemption of collateral; (12) AS 45.29.624, which deals with permissible waivers; and (13) AS 45.29.625 and 45.29.626, which deal with the secured party's liability for failure to comply with this chapter.
AK Stat § 45.29.603 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.603. Agreement on standards concerning rights and duties.

(a) The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in AS 45.29.602 if the standards are not manifestly unreasonable. (b) The provisions of (a) of this section do not apply to the duty under AS 45.29.609 to refrain from breaching the peace.
AK Stat § 45.29.604 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.604. Procedure if security agreement covers real property or fixtures.

(a) If a security agreement covers both personal and real property, a secured party may proceed (1) under AS 45.29.601 - 45.29.628 as to the personal property without prejudicing any rights with respect to the real property; or (2) as to both the personal property and the real property in accordance with the rights with respect to the real property, in which case the other provisions of AS 45.29.601 - 45.29.628 do not apply. (b) Subject to (c) of this section, if a security agreement covers goods that are or become fixtures, a secured party may proceed (1) under AS 45.29.601 - 45.29.628; or (2) in accordance with the rights with respect to real property, in which case the other provisions of AS 45.29.601 - 45.29.628 do not apply. (c) Subject to the other provisions of AS 45.29.601 - 45.29.628, if a secured party holding a security interest in fixtures has priority over all owners and encumbrancers of the real property, the secured party, after default, may remove the collateral from the real property. (d) A secured party that removes collateral shall promptly reimburse an encumbrancer or owner of the real property, other than the debtor, for the cost of repair of physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for diminution in value of the real property caused by the absence of the goods removed or by the necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
AK Stat § 45.29.605 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.605. Unknown debtor or secondary obligor.

A secured party does not owe a duty based on its status as secured party to (1) a person who is a debtor or obligor unless the secured party knows (A) that the person is a debtor or obligor; (B) the identity of the person; and (C) how to communicate with the person; or (2) a secured party or lienholder that has filed a financing statement against a person unless the secured party knows (A) that the person is a debtor; and (B) the identity of the person.
AK Stat § 45.29.606 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.606. Time of default for agricultural lien.

For purposes of AS 45.29.601 - 45.29.628, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.
AK Stat § 45.29.607 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.607. Collection and enforcement by secured party.

(a) If so agreed and, in any event, after default, a secured party (1) may notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party; (2) may take proceeds to which the secured party is entitled under AS 45.29.315; (3) may enforce the obligations of an account debtor or other person obligated on collateral and exercise the rights of the debtor with respect to the obligation of the account debtor or other person obligated on collateral to make payment or otherwise render performance to the debtor and with respect to property that secures the obligations of the account debtor or other person obligated on the collateral; (4) if it holds a security interest in a deposit account perfected by control under AS 45.29.104(a)(1), may apply the balance of the deposit account to the obligation secured by the deposit account; and (5) if it holds a security interest in a deposit account perfected by control under AS 45.29.104(a)(2) or (3), may instruct the bank to pay the balance of the deposit account to or for the benefit of the secured party. (b) If necessary to enable a secured party to exercise under (a)(3) of this section the right of a debtor to enforce a mortgage nonjudicially, the secured party may record in the office in which the mortgage is recorded (1) a copy of the security agreement that creates or provides for a security interest in the obligation secured by the mortgage; and (2) the secured party's sworn affidavit in recordable form stating that (A) a default has occurred with respect to the obligation secured by the mortgage; and (B) the secured party is entitled to enforce the mortgage nonjudicially. (c) A secured party shall proceed in a commercially reasonable manner if the secured party (1) undertakes to collect from or enforce an obligation of an account debtor or other person obligated on collateral; and (2) is entitled to charge back uncollected collateral or otherwise to full or limited recourse against the debtor or a secondary obligor. (d) A secured party may deduct from the collections made under (c) of this section reasonable expenses of collection and enforcement, including reasonable attorney fees and legal expenses incurred by the secured party. (e) This section does not determine whether an account debtor, bank, or other person obligated on collateral owes a duty to a secured party.
AK Stat § 45.29.608 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 6. Default.|Sec. 45.29.608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.

(a) If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: (1) a secured party shall apply or pay over for application the cash proceeds of collection or enforcement under AS 45.29.607 in the following order to (A) the reasonable expenses of collection and enforcement and, to the extent provided for by agreement and not prohibited by law, reasonable attorney fees and legal expenses incurred by the secured party; (B) the satisfaction of obligations secured by the security interest or agricultural lien under which the collection or enforcement is made; and (C) the satisfaction of obligations secured by a subordinate security interest in or other lien on the collateral subject to the security interest or agricultural lien under which the collection or enforcement is made if the secured party receives an authenticated demand for proceeds before distribution of the proceeds is completed; (2) if requested by a secured party, a holder of a subordinate security interest or other lien shall furnish reasonable proof of the interest or lien within a reasonable time; unless the holder complies, the secured party need not comply with the holder's demand under (1)(C) of this subsection; (3) a secured party need not apply or pay over for application noncash proceeds of collection and enforcement under AS 45.29.607 unless the failure to do so would be commercially unreasonable; a secured party that applies or pays over for application noncash proceeds shall do so in a commercially reasonable manner; (4) a secured party shall account to and pay a debtor for any surplus, and the obligor is liable for any deficiency. (b) If the underlying transaction is a sale of accounts, chattel paper, payment intangibles, or promissory notes, the debtor is not entitled to any surplus, and the obligor is not liable for any deficiency.