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Can you summarize IACO 554.9523?
UNIFORM COMMERCIAL CODE > Information from filing office sale or license of records.
Short Summary
This legal document governs the sale or license of records in the filing office. It applies to the filing office itself, as well as to individuals who file written records or records other than written records. The document outlines the procedures for acknowledging the filing of written records, including providing an image of the record with the assigned number and filing date. It also specifies the requirements for acknowledging the filing of other records, providing information such as the record details, assigned number, and filing date. Additionally, the document mandates that the filing office must communicate requested information to any person who requests it, including the existence of financing statements, filing dates of financing statements, and information provided in each financing statement. The filing office has the flexibility to communicate this information in any medium, but if requested, must provide a record that can be admitted into evidence without extrinsic evidence of its authenticity. The filing office is required to perform these acts within a specified timeframe and make records available for sale or licensing to the public on a nonexclusive basis. No specific penalties are mentioned in this document.
Whom does it apply to?
Filing office, person that files a written record, person that files a record other than a written record
What does it govern?
Sale or license of records
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Iowa