Section DFI-CCS 4.11 - Initial financing statement(1) A new record shall be opened in the UCC information management system for each initial financing statement that bears the file number of the financing statement and the date and time of filing.(2) The name and address of each debtor that are legibly set forth in the financing statement shall be entered into the record of the financing statement. Each debtor name shall be included in the searchable index and shall not be removed until one year after the financing statement lapses. Debtor addresses shall not be included in the searchable index except to the extent the filing office offers or intends to offer limited searches or limited copy requests as provided in s. DFI-CCS5.03.(3) The name and address of each secured party that are legibly set forth in the financing statement shall be entered into the record of the financing statement.(4) The record shall be indexed according to the name of the debtor and the filing number and maintained for public inspection.(5) A lapse date shall be established for the financing statement, unless the initial financing statement indicates it is filed against a transmitting utility, and the lapse date is maintained as part of the record.Wis. Admin. Code Department of Financial Institutions DFI-CCS 4.11
CR 01-122: CR Register February 2002 No. 554, eff 3-1-02.