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Can you summarize NVRS 104.9502?
Uniform Commercial CodeOriginal Articles > Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
Short Summary
This legal document pertains to the requirements for a financing statement and the record of a mortgage as a financing statement. It specifies that a financing statement must include the name of the debtor, the name of the secured party or their representative, and indicate the collateral covered. Additionally, if the financing statement covers as-extracted collateral or timber to be cut, or if it is filed as a fixture filing and covers goods that are or will become fixtures, it must also indicate this type of collateral, be filed for record in the real property records, provide a description of the related real property, and provide the name of a record owner if the debtor does not have an interest of record in the real property. The document also states that a record of a mortgage can be effective as a financing statement if it indicates the goods or accounts it covers, the goods are or will become fixtures related to the described real property, the record satisfies the requirements for a financing statement, and the mortgage is recorded. It further mentions that a financing statement can be filed before a security agreement is made or a security interest attaches.
Whom does it apply to?
Creditors and debtors involved in secured transactions
What does it govern?
Financing statements and records of mortgages as financing statements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada