2023 New York Laws › UCC - Uniform Commercial Code › Article 9 - Secured Transactions › Part 5 - Filing › Sub Part 1 - Filing Office; Contents and Effectiveness of Financing Statement › 9-502 - Contents of Financing Statement; Record of Mortgage as Financing Statement; Time of Filing Financing Statement; Contents of Cooperative Addendum

Section 9--502. Contents  of  Financing Statement; Record of Mortgage as
Financing  Statement;   Time   of   Filing   Financing
Statement; Contents of Cooperative Addendum.
(a) Sufficiency  of  financing statement. Subject to subsection (b), a
financing statement is sufficient only if it:
(1) provides the name of the debtor;
(2) provides the name of the secured party or a representative of
the secured party;
(3) indicates the collateral covered by the financing  statement;
and
(4) in  the  case of a cooperative interest, indicates the number
or  other  designation  and  the  street   address   of   the
cooperative unit.
(b) Real-property-related  financing  statements.  Except as otherwise
provided in Section 9--501(b), to be sufficient, a  financing  statement
that  covers  as-extracted  collateral  or timber to be cut, or which is
filed as a fixture filing and covers goods that are  or  are  to  become
fixtures,  or,  unless  a  cooperative addendum is filed, which covers a
cooperative interest, must satisfy subsection (a) and also:
(1) indicate that it covers this type of collateral;
(2) indicate that it is to be filed in the real property records;
(3) provide a description of  the  real  property  to  which  the
collateral  is  related,  including  the location of the real
estate by reference to a book and page number in  a  deed  or
mortgage index maintained in the county clerk's office in the
county  where the property is situate or by street and number
and town or city, or, if the real estate is in  the  city  of
New York, by county, except that if the real estate is in the
city of New York or counties of Nassau or Onondaga, where the
block   system  of  recording  or  registering  and  indexing
conveyances is in use, the statement must  also  specify  the
block  and  lot  number in which the real estate is situated;
and
(4) if the debtor does not have an interest of record in the real
property, provide the name of a record owner.
(c) Record of mortgage as financing statement. A record of a  mortgage
is effective, from the date of recording, as a financing statement filed
as  a  fixture  filing or as a financing statement covering as-extracted
collateral or timber to be cut only if:
(1) the record indicates the goods or accounts that it covers;
(2) the goods are or are to become fixtures related to  the  real
property described in the record or the collateral is related
to   the  real  property  described  in  the  record  and  is
as-extracted collateral or timber to be cut;
(3) the  record  satisfies  the  requirements  for  a   financing
statement in this section, but:
(A)  the  record  need not indicate that it is to be filed in
the real property records; and
(B) the record sufficiently provides the name of a debtor who
is an individual if it provides the  individual  name  of
the  debtor or the surname and first personal name of the
debtor, even if the  debtor  is  an  individual  to  whom
Section 9--503(a)(4) applies; and
(4) the record is duly recorded.
(d) Filing  before  security  agreement  or  attachment.  A  financing
statement may be filed before a security agreement is made or a security
interest otherwise attaches.
(e) Contents  of  cooperative  addendum.  A  cooperative  addendum  is
sufficient only if it satisfies subsection (a) and also:
(1) if  not  filed  simultaneously  with  the  initial  financing
statement,  identifies,  by  its  file  number,  the  initial
financing statement to which the addendum relates;
(2) indicates the street address of the cooperative unit;
(3) indicates  the  county  in  which  the  cooperative  unit  is
located;
(4) indicates the city, town, or village in which the cooperative
unit is located;
(5) indicates the real property tax designation  associated  with
the real property in which the cooperative unit is located as
assigned  by the local real property tax assessing authority;
and
(6) indicates the name of the cooperative organization.