Wis. Admin. Code Department of Financial Institutions DFI-CCS 4.08

Current through November 25, 2024

Section DFI-CCS 4.08 - Data entry of names - designated fields

A filing shall designate whether a name is a name of an individual or an organization and, if an individual, also designates the first, middle and last names and any suffix, and when this is done, the following shall apply:

(1) ORGANIZATION NAMES. Organization names shall be entered into the UCC information management system exactly as set forth in the UCC document.

(2) INDIVIDUAL NAMES. On a form that designates separate fields for first, middle, and last names and any suffix, the filing officer shall enter the names into the first, middle, and last name and suffix fields in the UCC information management system exactly as set forth on the form.

(3) DIRECT DATA ENTRY. All documents submitted through direct data entry shall be required to use designated name fields.

Wis. Admin. Code Department of Financial Institutions DFI-CCS 4.08

Adopted by, CR 01-122: cr. Register February 2002 No. 554, eff 3-1-02; CR 23-026: am. (1) Register February 2024 No. 818, eff. 3/1/2024

The filing office encourages the use of forms that designate separate fields for individual and organization names and separate fields for first, middle, and last names and any suffix. The forms diminish the possibility of filing office error and help ensure that filers' expectations are met. However, filers should be aware that the inclusion of names in an incorrect field or failures to transmit names accurately to the filing office may cause filings to be ineffective.