As used in this part:

1. (1) “Active record” means a UCC record that has been stored in the UCC information management system and indexed in, but not yet removed from, the searchable indexes;
2. (2) “Address” means information provided as an address on a UCC record as long as it includes at least a city and a state or foreign country;

3. (3)

   1. (A) “Amendment” means a UCC record that amends the information contained in a financing statement.

   2. (B) Amendments include:

      1. (i) Assignments;
      2. (ii) Continuations; and
      3. (iii) Terminations;
4. (4) “Assignment” is an amendment that assigns all or a part of a secured party’s power to authorize an amendment to a financing statement;
5. (5) “Filing office” or “filing officer” means the Secretary of State;
6. (6) “Filing officer statement” means a statement entered into the filing office’s information system to correct an error made by the filing office;
7. (7) “Information statement” means a UCC record that indicates that a financing statement is inaccurate or wrongfully filed. (Previously called a “correction statement”);
8. (8) “Initial financing statement” means a UCC record that causes the filing office to establish the initial record of the filing of a financing statement;

9. (9)

   1. (A) “Remitter” means a person who tenders a UCC record to the filing officer for filing, whether the person is:

      1. (i) A filer; or
      2. (ii) An agent of a filer responsible for tendering the record for filing.
   2. (B) “Remitter” does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service, but does include a service provider who acts as a filer’s representative in the filing process;
10. (10) “Searchable indexes” means the searchable index of individual debtor names and the searchable index of organization debtor names maintained in the UCC information management system;

11. (11)

    1. (A) “Secured party of record” includes a secured party of record as defined in the Uniform Commercial Code — Secured Transactions, Arkansas Code § 4-9-101 et seq., as well as a person who has been a secured party of record with respect to whom an amendment has been filed purporting to delete them as a secured party of record.
    2. (B) The term includes an assignor listed on an amendment that purports to be an assignment;
12. (12) “UCC” means the Uniform Commercial Code — Secured Transactions, as adopted by the General Assembly and currently codified at Arkansas Code § 4-9-101 et seq.;
13. (13) “UCC information management system” means the information management system used by the filing office to store, index, and retrieve information relating to financing statements as described in 4 CAR § 31-111;

14. (14)

    1. (A) “UCC record” means an initial financing statement, an amendment, an assignment, a continuation statement, a termination statement, a filing officer statement, or an information statement and includes a record thereof maintained by the filing office.
    2. (B) The term shall not be deemed to refer exclusively to paper or paper-based writings; and
15. (15) “Unlapsed record” means a UCC record that has been stored and indexed in the UCC information management system, which has not yet lapsed under Arkansas Code § 4-9-515 with respect to all secured parties of record.