70A-9a-520 - Acceptance and refusal to accept record. - Utah Statutes

70A-9a-520. Acceptance and refusal to accept record.
(1) A filing office shall refuse to accept a record for filing for a reason set forth inSubsection 70A-9a-516(2) and may refuse to accept a record for filing only for a reason set forthin Subsection 70A-9a-516(2).
(2) If a filing office 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 the date and time therecord would have been filed had the filing office accepted it. The communication must be madeat the time and in the manner prescribed by filing-office rule but, in the case of a filing officedescribed in Subsection 70A-9a-501(1)(b), in no event more than two business days after thefiling office receives the record.
(3) A filed financing statement satisfying Subsections 70A-9a-502(1) and (2) is effective,even if the filing office is required to refuse to accept it for filing under Subsection (1). However,Section 70A-9a-338 applies to a filed financing statement providing information described inSubsection 70A-9a-516(2)(e) which is incorrect at the time the financing statement is filed.
(4) If a record communicated to a filing office provides information that relates to morethan one debtor, this part applies as to each debtor separately.
(5) This section does not apply to a filing office described in Subsection70A-9a-501(1)(a).

Amended by Chapter 291, 2002 General Session