Deadline to Refuse Filing

PURPOSE: This rule provides a time limit and procedure for refusal. (1) The secretary of state shall determine whether a reason exists to refuse a Uniform Commercial Code (UCC) record for filing not later than the third business day after receipt and shall index an accepted UCC record within the same time period beginning January 1, 2003. (2) If the secretary of state finds reasons pursuant to section 400.9-516, RSMo, to refuse a UCC record, the secretary of state shall return the record, if written, to the remitter and may refund or credit the filing fee. The secretary of state shall send a notice that contains the date and time the record would have been filed had it been accepted for filing and a brief description of the reason for refusal to accept the record. The notice shall be sent to the address indicated in Section B of the UCC-1, 3, and 11 forms available at www.sos.state.mo.us, the acknowledgement address, no later than the third business day after the determination to refuse acceptance of the record beginning January 1, 2003. A refund, if made, will be sent to the same address under separate cover. AUTHORITY: section 400.9-526, RSMo Supp. 2001.* Original rule filed Sept. 30, 2002, effective March 30, 2003. *Original authority: 400.9-526, RSMo 2001.