Mich. Admin. Code R. 440.204

Current through Vol. 24-10, June 15, 2024
Section R. 440.204 - Procedure on refusal

R 204. If the filing officer finds grounds under sections 9516(2) or 9520(5) of the UCC, MCL 440.9516 and 440.9520, to refuse acceptance of a financing statement, the filing officer shall return the document, if written, to the remitter and refund the filing fee on request. The filing officer shall send a notice that contains the date and time the document would have been filed had it been accepted for filing, unless the date and time are stamped on the document, and a brief description of the reason for refusal to accept the document under sections 9516(2) or 9520(5) of the UCC, MCL 440.9516 and 440.9520. The notice must be sent to a secured party or the remitter, as provided in R 440.402(3), not later than the second business day after the filing office receives the document. The refund may be delivered with the notice or under separate cover.

Mich. Admin. Code R. 440.204

2002 AACS; 2023 MR 22, Eff. 11/16/2023