Washington Administrative Code › Title 308 - Licensing, Department of (See also Titles 36, 98 and 196) › Chapter 308-391 - Uniform Commercial Code, Article 9 › Section SECTION 1 - GENERAL PROVISIONS › Section 308-391-100 - Definitions

Current through Register Vol. 24-14, July 15, 2024
Terms used in these filing office rules but not defined below
				  shall have the same meanings as those terms in chapter 62A.9A RCW.
(1) "Active record" means a UCC record that
				has been stored in the UCC information management system and indexed in, but
				not yet removed from, the searchable indexes.
(2) "Address" means information provided as
				an address on a UCC record as long as it includes at least a city and a state
				or foreign country.
(3) "Amendment"
				means a UCC record that amends the information contained in a financing
				statement. Amendments include assignments, continuations and
				terminations.
(4) "Assignment" is
				an amendment that assigns all or a part of a secured party's power to authorize
				an amendment to a financing statement.
(5) "Correction statement" means a UCC record
				that indicates a financing statement is inaccurate or wrongfully
				filed.
(6) "Filing office" and
				"filing officer" mean the director of the department of licensing or
				designee.
(7) "Filing officer
				statement" means a statement entered into the filing office's information
				system to correct an error made by the filing office.
(8) "Initial financing statement" means a UCC
				record that causes the filing office to establish the initial record of filing
				of a financing statement.
(9)
				"Remitter" means a person who submits a UCC record and payment to the filing
				office for filing, whether the person is a filer or an agent of a filer
				responsible for submitting the record for filing. "Remitter" does not include a
				person responsible merely for the delivery of the record to the filing office,
				such as the postal service or a courier service but does include a service
				provider who acts as a filer's representative in the filing process.
(10) "Searchable indexes" means the
				searchable index of individual debtor names and the searchable index of
				organization debtor names maintained in the UCC information management
				system.
(11) "Secured party of
				record" includes a secured party of record as defined in the UCC as well as the
				person who has been a secured party of record and an amendment has been filed
				to delete that person as a secured party of record.
(12) "UCC" means the Uniform Commercial Code
				as adopted in this state under chapter 62A.9A RCW.
(13) "UCC information management system"
				means the information management system used by the filing office to store,
				index, and retrieve information relating to financing statements and liens as
				described in these filing office rules.
(14) "UCC record" means an initial financing
				statement, an amendment, an assignment, a continuation statement, a termination
				statement, a filing officer statement, or a correction statement, and includes
				a record maintained by the filing office. The term does not refer exclusively
				to paper or paper-based writings.
(15) "Unlapsed record" means a UCC record
				that has been stored and indexed in the UCC information management system,
				which has not yet lapsed under
				RCW
				62A.9A-515 with respect to all secured
				parties of record.
Statutory Authority:
					 RCW
					 62A.9A-526, chapters 60.68, 60.13, and
					 9A.82 RCW. 09-12-067, §
					 308-391-100, filed 5/29/09, effective
					 6/29/09.