Primary Data Elements

PURPOSE: This rule defines the data elements that the Uniform Commercial Code (UCC) information management system will use as primary data elements. (1) The primary data elements used in the Uniform Commercial Code (UCC) information management system are the following: (A) Identification numbers. 1. A file number as described identifies each initial financing statement. Identification of the initial financing statement is stamped on written UCC records or otherwise permanently associated with the record maintained for UCC records in the UCC information management system. A record is created in the information management system for each initial financing statement and all information comprising a record is maintained in the system. The record is identified by the same information assigned to the initial financing statement. 2. A unique filing number assigned by the filing officer identifies a UCC record other than an initial financing statement. In the information management system, records of all UCC records, other than initial financing statements, are linked to the record of their related initial financing statement; (B) Type of record. The type of UCC record from which data is transferred is identified in the information management system from information supplied by the remitter; (C) Filing date and filing time. The filing date and filing time of UCC records are stored in the information management system. The calculation of the lapse date of an initial financing statement is based upon the filing date; (D) Identification of parties. The name and addresses of debtors and secured parties are transferred from UCC records to the UCC information management system using one or more data entry or transmittal techniques; (E) Status of financing statement. Each financing statement has a status of active or inactive in the information management system; (F) Page count. The total number of pages in a UCC record is maintained in the information management system; and (G) Lapse indicator. The information management system uses an indicator to identify whether or not a financing statement will lapse and, if it does, when it will lapse. The lapse date is determined as provided in subsection (1)(C) of this rule. 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.