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Can you summarize MNST 336.9-525?
UNIFORM COMMERCIAL CODE > FEES.
Short Summary
This legal document governs the fees associated with filing and indexing records under the Uniform Commercial Code (UCC) in Minnesota. The general rule is that the fee for filing and indexing a record is $20, with $5 of the fee collected for each online filing being deposited in the uniform commercial code account. The number of names required to be indexed does not affect the fee amount. Additionally, there is a fee of $20 for responding to a request for information from the filing office, including issuing a certificate or providing images of a financing statement. $5 of the fee collected for each online request is deposited in the uniform commercial code account. However, this section does not require a fee for a record of a mortgage that is effective as a financing statement filed as a fixture filing or covering as-extracted collateral or timber to be cut. The recording and satisfaction fees applicable to the mortgage record still apply.
Whom does it apply to?
Individuals or entities filing records under the Uniform Commercial Code
What does it govern?
Fees for filing and indexing records under the Uniform Commercial Code
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota