The sole grounds for the filing officer's refusal to accept a document for filing are enumerated in §95.302 of this title (relating to Grounds for Refusal of UCC Document). The following are examples of defects that do not constitute grounds for refusal to accept a document. They are not a comprehensive enumeration of defects outside the scope of permitted grounds for refusal to accept a UCC document for filing.
- (1) Errors. The UCC document contains or appears to contain a misspelling or other apparently erroneous information.
(2) Incorrect names.
- (A) The UCC document appears to identify a debtor or an assignee incorrectly (except as provided in §95.302 of this title).
- (B) The UCC document appears to identify a secured party or a secured party of record incorrectly (except as provided in §95.302(6) of this title).
- (3) Extraneous information. The UCC document contains additional or extraneous information of any kind.
- (4) Insufficient information. The UCC document contains less than the information required by Article 9 of the UCC, provided that the document contains the information required in Subchapter B of this chapter (relating to Information Required for Indexing).
- (5) Collateral description. The UCC document incorrectly identifies collateral, or contains an illegible or unintelligible description of collateral, or appears to contain no such description.
- (6) Signature. The document does not appear to be signed, or does not appear to contain the appropriate signature.
- (7) Excessive fee. The document is accompanied by funds in excess of the full filing fee.
Source Note:The provisions of this §95.303 adopted to be effective November 1, 1998, 23 TexReg 9727.