R 440.402 Document indexing.

Rule 402. (1) The date and time of filing are noted on the document and permanently associated with the record maintained for a financing statement in the UCC information management system at the earliest possible time. (2) The filing office determines whether grounds exist to refuse the document under sections 9516(2) or 9520(5) of the UCC, MCL 440.9516 and 440.9520. If there is no ground for refusal of the document, then all the following provisions apply: (a) The document is filed and a unique identification number and the filing date are stamped on the document or otherwise permanently associated with the record maintained for a financing statement in the UCC information management system. (b) An acknowledgment of filing is prepared as provided in R 440.205 and delivered as provided in subrule (3) of this rule. (c) The sequence of the identification number is not an indication of the order in which the document was received. If there is a ground for refusal of the document, then notification of refusal to accept the document is prepared as provided in R 440.204 and delivered as provided in subrule (3) of this rule. (3) Acknowledgment of filing or notice of refusal of a financing statement that includes the information required by R 440.204 or R 440.205 tendered by any means is given by delivering the notice or acknowledgment to the secured party, or the first secured party if there are more than 1 named on the financing statement, by first-class mail, or, if the remitter requests, by first-class mail to the remitter, or by overnight courier to the remitter if the remitter provides a prepaid waybill or access to the remitter's account with the courier.