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Can you summarize NHRS 382-A:9-520?
UNIFORM COMMERCIAL CODE > Acceptance and Refusal to Accept Record.
Short Summary
This legal document pertains to the acceptance and refusal of records for filing by filing offices. It states that a filing office shall refuse to accept a record for filing only for reasons set forth in Section 9-516(b) of the Uniform Commercial Code. If a record is refused, the filing office must communicate the refusal, including the reason and the date and time the record would have been filed if accepted. The effectiveness of a filed financing statement satisfying Section 9-502(a) and (b) is not affected by the filing office’s refusal to accept it. However, if the financing statement provides incorrect information described in Section 9-516(b)(5) at the time of filing, Section 9-338 applies. This document also clarifies that if a record relates to multiple debtors, the rules apply separately to each debtor. Additionally, if a record is refused, the filing office may retain any fees submitted with the record, and a corrected resubmission must be accompanied by new fees. The document does not mention any specific penalties or exemptions.
Whom does it apply to?
Filing offices and persons presenting records for filing
What does it govern?
Acceptance and refusal to accept record
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire