R 440.204

R 440.204 Procedure on refusal.

Last amended: 2023Year: 2026Length: 149 wordsOfficial source

Cite as Mich. Admin. Code R 440.204

R 204. If the filing officer finds grounds under sections 9516(2) or 9520(5) of the UCC, MCL 440.9516 and 440.9520, to refuse acceptance of a financing statement, the filing officer shall return the document, if written, to the remitter and refund the filing fee on request. The filing officer shall send a notice that contains the date and time the document would have been filed had it been accepted for filing, unless the date and time are stamped on the document, and a brief description of the reason for refusal to accept the document under sections 9516(2) or 9520(5) of the UCC, MCL 440.9516 and 440.9520. The notice must be sent to a secured party or the remitter, as provided in R 440.402(3), not later than the second business day after the filing office receives the document. The refund may be delivered with the notice or under separate cover.
R 440.204: R 440.204 Procedure on refusal. | Justis AI