California Commercial Code — Secured Transactions — Filing — Claim concerning inaccurate or wrongfully filed record

14 Sep 2016

Current through the 2016 Legislative Session

(a) A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.
(b) An information statement filed under subdivision (a) shall do all of the following:
(1) Identify the record to which it relates by both of the following:
(A) The file number assigned to the initial financing statement to which the record relates.
(B) If the information statement relates to a record filed or recorded in a filing office described in paragraph (1) of subdivision (a) of Section 9501, the date that the initial financing statement was filed or recorded, and the information specified in subdivision (b) of Section 9502.
(2) Indicate that it is an information statement.
(3) Provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.
(c) A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under subdivision (d) of Section 9509.
(d) An information statement filed under subdivision (c) shall do all of the following:
(1) Identify the record to which it relates by both of the following:
(A) The file number assigned to the initial financing statement to which the record relates.
(B) If the information statement relates to a record filed or recorded in a filing office described in paragraph (1) of subdivision (a) of Section 9501, the date that the initial financing statement was filed or recorded and the information specified in subdivision (b) of Section 9502.
(2) Indicate that it is an information statement.
(3) Provide the basis for the person's belief that the person that filed the record was not entitled to do so under subdivision (d) of Section 9509.
(e) The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.
Ca. Com. Code § 9518
Amended by Stats 2013 ch 531 (AB 502),s 20, eff. 1/1/2014, op. 7/1/2014.
EFFECTIVE 7/01/2001. Added October 10, 1999 (Bill Number: SB 45) (Chapter 991).