9-522 - Maintenance and Destruction of Records - New York Statutes

Section 9--522. Maintenance and Destruction of Records. (a) Post-lapse maintenance and retrieval of information. 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 Section 9--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 in the filing office described in Section 9--501(a)(1), by using: (A) the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed; and (B) in the case of collateral which is a cooperative interest, 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; or (2) if the record was filed in the filing office described in Section 9--501(a)(2), by using the file number assigned to the initial financing statement to which the record relates. (b) Destruction of written records. Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a).