111-11-06 Overpayment and underpayment policies.

 

 

 

111-11-06                    Overpayment and underpayment policies.

 

 

 

(A)     Overpayment.  The  filing  officer  shall  refund  the  amount  of  an  overpayment exceeding $10.00 to the remitter.

 

(B)   Underpayment. Upon receipt of a record with an insufficient fee, the filing officer shall do one of the following.

 

(1)   A notice of the deficiency shall be sent to the remitter and the UCC record shall be held for receipt of the fee. Upon receipt of the proper fee and filing, the UCC record will shall be filed as of the time and date of receipt of the full filing fee; and If the fee is not received within 10 days of the date of the notice, the UCC record shall be returned to the remitter with a written explanation for the refusal to accept the UCC record; or

 

(2)   The UCC record shall be returned to the remitter as provided in rule 111-11-23 of the Administrative Code. A refund may be included with the record or delivered under separate cover.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

111-11-06                                                                                                                              2

Effective:                                                     01/07/2011

R.C. 119.032 review dates:                         10/21/2010 and 07/15/2015

CERTIFIED ELECTRONICALLY

Certification

12/27/2010

Date

Promulgated Under:                           119.03

Statutory Authority:                           1309.526

Rule Amplifies:                                  111.16, 1309.516

Prior Effective Dates:                         7/3/01 (Emer.), 9/20/01.