Section R. 440.203 - Grounds not warranting refusalR 203.
(1) The only grounds for the filing officer's refusal to accept a financing statement for filing are enumerated in sections 9516(2) and 9520(5) of the UCC, MCL 440.9516 and 440.9520.(2) The following are examples of defects that do not constitute grounds for refusal to accept a document: (a) The financing statement contains or appears to contain a misspelling or other apparently erroneous information.(b) The financing statement appears to identify a debtor incorrectly.(c) The financing statement appears to identify a secured party or a secured party of record incorrectly.(d) The financing statement contains additional or extraneous information of any kind. (e) The financing statement does not contain all the information required by article 9 of the UCC, MCL 440.9101 to 440.9994, if the document contains the information required in section 9516(2) of the UCC, MCL 440.9516.(f) The financing statement incorrectly identifies collateral, contains an illegible or unintelligible description of collateral, or does not appear to contain a description of collateral. (g) The document is accompanied by money in excess of the full filing fee.(3) The examples enumerated in subrule (2) of this rule are not a comprehensive enumeration of defects outside the scope of grounds for refusal to accept a financing statement for filing.Mich. Admin. Code R. 440.203
2002 AACS; 2023 MR 22, Eff. 11/16/2023