Unauthorized Uniform Commercial Code filings are prohibited and procedures for handling wrongful filings are established.
The bill prohibits unauthorized filings under the Uniform Commercial Code (UCC) and outlines procedures for handling wrongful filings. It specifies that a person shall not cause a record to be communicated to the filing office for filing if the person is not authorized, the record is not related to a transaction governed by Article 62A.9A RCW, or the record is intended to harass or defraud the debtor. The filing office may refuse to accept a record if it is not authorized, lacks necessary information, or is intended to harass or defraud the debtor.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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