111:1-3-15 Refusal errors.  

  • Text Box: ACTION: Final Text Box: DATE: 01/12/2016 11:46 AM

     

     

     

    111:1-3-15                   Refusal errors.

     

     

     

    If a secured party or a Remitter believes that a UCC record that the filing office refused to file should not have been refused under rule 111:1-3-13, the person may contact the filing office to request a review of the refusal decision. The person requesting review shall provide the filing office with a copy of the reasons for refusal, a copy of the refused record and a statement of the basis for the person's belief that the filing office wrongfully refused to file the record. Upon receipt of a request for review, the filing office shall investigate the claim. If the investigator confirms that the record should have been refused, the filing office shall provide a written explanation of the grounds for refusal. But if it is determined that the filing office refused to accept the record in error, the filing office shall file the UCC record with the filing date and time the UCC record was originally tendered for filing. A filing office statement record relating to the relevant initial financing statement shall be placed in the UCC information management system on the date that the corrective action was taken. The filing office statement must provide the date of the correction and explain the nature of the corrective action taken. The record shall be preserved for so long as the record of the initial financing statement is preserved in the UCC information management system.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    111:1-3-15                                                                                                                             2

    Replaces:                                                              111-11-25

    Effective:                                                             01/25/2016

    Five Year Review (FYR) Dates:                         01/15/2021

    CERTIFIED ELECTRONICALLY

     

    Certification

     

    01/12/2016

    Date

     

    Promulgated Under:

     

    119.03

    Statutory Authority:

    1309.526

    Rule Amplifies:

    Prior Effective Dates:

    1309.520

    7/3/01 (Emer.), 9/20/01.

Document Information

Effective Date:
1/25/2016
File Date:
2016-01-12
Last Day in Effect:
2016-01-25
Rule File:
111$1-3-15_PH_FF_N_RU_20160112_1146.pdf
Related Chapter/Rule NO.: (1)
Ill. Adm. Code 111:1-3-15. [Effective 1/25/2016] Refusal errors