Names Of Debtors That Are Organizations

This rule applies to the name of an organization who is a debtor or a secured party on a UCC document. A. Single field. The names of organizations are stored in files that include only the names of organizations and not the names of individuals. A single field is used to store an organization name. B. Truncation - organization names. The organization debtor field in the UCC database is fixed in length. The maximum length is 160 characters. Although filers should continue to provide full names on their UCC documents, a name that exceeds the fixed length is entered as presented to the filing officer, up to the maximum length of the data entry field. [12.6.2.130 NMAC - N, 7/1/2001; A, 7/31/2013] 12.6.2.131 COLLATERAL BEING ADMINISTERED BY A DECEDENT’S PERSONAL REPRESENTATIVE. The debtor name to be provided on a financing statement when the collateral is being administered by a decedent’s personal representative is the name of the relevant decedent. In order for the information management system to function in accordance with the usual expectations of filers and searchers, the filer should provide the debtor name as an individual debtor name. However, the filing office will enter data submitted by a filer in the fields designated by the filer exactly as it appears in such fields.