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Can you summarize IACO 554.9522?
UNIFORM COMMERCIAL CODE > Maintenance and destruction of records.
Short Summary
This legal document pertains to the maintenance and destruction of records in the context of the Uniform Commercial Code (UCC) in Iowa. The filing office is required to maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed. The record must be retrievable using the name of the debtor and the file number assigned to the initial financing statement. Written records evidencing a financing statement may be destroyed by the filing office, but they must maintain another record of the financing statement that complies with the specified requirements. The document does not mention any exemptions or penalties.
Whom does it apply to?
Filing office
What does it govern?
Maintenance and destruction of records
What are exemptions?
None mentioned
What are the Penalties?
None mentioned
Jurisdiction
Iowa