111-11-50 Errors of the filing officer.
The filing office may correct data entry and indexing
theerrors of filing officer personnel in the UCC information management system at any time. If athecorrection is made to a record of a financing statementoccursafter the filing officeofficerhas issued search report with a through date and time that is on or after the filing date and time of the financing statement, the filling office will associate with the record of the financing statement in the UCC information management system a filing officer statement on the date that the corrective action was taken providing the date and an explanation of the correction.a certification date the filing officer shall file a filing officer correctionstatement in the UCC information management system identifying the record to which itrelates, the date of the correction, and explaining the nature of the corrective action taken.The record shall be preserved as long as the record of the initial financing statement ispreserved in the UCC information management system.A filing officer statement affects the status of the parties and of the relevant financing statement as provided in the corrective action described as having been taken in the filing officer statement.
111-11-50 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: 1309.517, 1309.519
Prior Effective Dates: 7/3/01 (Emer.), 9/20/01.
Document Information
- Effective Date:
- 1/7/2011
- File Date:
- 2010-12-27
- Last Day in Effect:
- 2011-01-07
- Five Year Review:
- Yes
- Rule File:
- 111-11-50_PH_FF_A_RU_20101227_1037.pdf
- Related Chapter/Rule NO.: (1)
- Ill. Adm. Code 111-11-50. Errors of the filing officer