Mich. Admin. Code R. 440.302

Current through Vol. 24-10, June 15, 2024
Section R. 440.302 - Names of individuals

Rule 302. The following provisions apply to the name of an individual who, or whose estate, is a debtor or a secured party on a financing statement:

(a) Separate data entry fields are established for first personal name, additional name or names or initial or initials, and surnames of individuals. The filing officer assumes no responsibility for the accurate designation of the names, but shall accurately enter the data in accordance with the filer's designations, as required by R 440.407(2)(b).
(b) Titles and prefixes, such as "doctor," "reverend," "Mr.," and "Ms.," should not be provided by filers in financing statements. However, as provided in R 440.407, if a financing statement is submitted with designated name fields, the data must be entered in the UCC information management system exactly as it appears.
(c) Titles and suffixes or indications of status, such as "M.D." and "esquire," are not part of an individual's name and should not be provided by filers in financing statements. However, as provided in R 440.407, i f a financing statement is submitted with designated name fields, the data must be entered in the UCC information management system exactly as it appears.
(d) Suffixes that indicate which individual is being named, such as "senior," "junior," "I," "II," and "III," are appropriate and must be entered exactly as it appears into the UCC information management system in a field designated for name suffixes.
(e) Name fields for individuals in the UCC information management system are fixed in length. Although filers shall continue to provide full names of individuals on their financing statements, a name that exceeds the fixed length of a name field is entered as presented to the filing officer, up to the maximum length of the field. The maximum lengths of name fields are as follows:
(i) First personal name: 50 characters.
(ii) Additional name or names or initial or initials: 50 characters.
(iii) Surname: 50 characters.
(iv) Suffix: 2 characters.

Mich. Admin. Code R. 440.302

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