Section 1360-08-02-.03 - GROUNDS FOR REFUSAL(1) In addition to refusing a record for any of the reasons set forth in T.C.A. § 47-9-516, a filing officer shall refuse to accept a UCC record that does not provide an address that meets the minimum requirements set forth in Rule 1360-08-01-.01(b). (2) A document shall be refused if the document is accompanied by less than the full applicable filing fee plus the recording tax under T.C.A. § 67-4-409(b), if any, based on the representation of indebtedness required thereunder, and if payment is not tendered by a method described in Rule 1360-08-01-.07.(3) Indebtedness (recording) tax language. An initial financing statement or an amendment that increases indebtedness shall be refused if the record does not contain, either on its face or in an accompanying sworn statement, the language required under T.C.A. § 67-4-409(b)(6)(D) with respect to the recording tax imposed under T.C.A. § 67-4-409(b), if any.Tenn. Comp. R. & Regs. 1360-08-02-.03
Original rule filed October 23, 2000; effective January 6, 2001. Repeal and new rule filed March 19, 2013; effective June 17, 2013. Amendments filed September 5, 2023; effective 12/4/2023.Authority: T.C.A. §§ 4-5-202, 4-5-204, 47-9-516, 47-9-520(a), 47-9-526, and 67-4-409 and 2012 Tenn. Pub. Acts Ch. 708.