Identification of Parties

Identification of Parties. The names and addresses of debtors and secured parties are transferred from UCC documents to the UCC information management system using one or more data entry or transmittal techniques. A. Status of Financing Statement – In the information management system, each financing statement has a status of active or inactive. B. Page Count – The total number of pages in a UCC document is maintained in the information management system. C. Lapse Indicator – An indicator is maintained by which the information management system identifies whether or not a financing statement will lapse and, if it does, when it will lapse. The lapse date is determined as provided in Rule 11.5.