§ 6A-9-520 - Acceptance and refusal to accept record. - Rhode Island Statutes

SECTION 6A-9-520

   § 6A-9-520  Acceptance and refusal toaccept record. – (a) Mandatory refusal to accept record. A filing office shall refuse toaccept a record for filing for a reason set forth in § 6A-9-516(b) and mayrefuse to accept a record for filing only for a reason set forth in §6A-9-516(b).

   (b) Communication concerning refusal. If a filingoffice refuses to accept a record for filing, it shall communicate to theperson that presented the record the fact of and reason for the refusal and thedate and time the record would have been filed had the filing office acceptedit. The communication must be made at the time and in the manner prescribed byfiling-office rule but in no event more than two business days after the filingoffice receives the record.

   (c) When filed financing statement effective. A filedfinancing statement satisfying § 6A-9-502(a) and (b) is effective, even ifthe filing office is required to refuse to accept it for filing undersubsection (a). However, § 6A-9-338 applies to a filed financing statementproviding information described in § 6A-9-516(b)(5) which is incorrect atthe time the financing statement is filed.

   (d) Separate application to multiple debtors. If arecord communicated to a filing office provides information that relates tomore than one debtor, this part applies as to each debtor separately.