1. (a) The administration of the UCC has an important impact on the economy and upon the rights of the public, in this state and in the United States. The volume of international, interstate and multistate transactions pursuant to the UCC requires that the administration of the UCC be conducted in a manner that promotes both local and multi-jurisdictional commerce by striving for uniformity in policies and procedures among the various states.

2. (b) As provided in §9.526, Texas Business and Commerce Code, the interpretation and implementation of the filing office's duties and responsibilities shall be expressed in a written set of administrative rules, which the public shall have a voice in creating. Such rules have the following purposes:

   1. (1) To simplify and improve the administration of the UCC by promoting uniform UCC filing procedures in this state and in the nation;
   2. (2) To simplify the public's ability to discover and understand the UCC filing procedures of the various states by establishing a uniform framework for describing the procedures;
   3. (3) To increase public access to information;
   4. (4) To increase public participation in the formulation of administrative policy and procedures; and
   5. (5) To increase public accountability of the filing officer.

Source Note:The provisions of this §95.100 adopted to be effective September 4, 2001, 26 TexReg 6654.