Section 440.102. Definitions.

Rule 102. (1) As used in these rules:

(a)      "Amendment" has the  meaning  given  it  in  UCC  section 9512.Amendments include assignments, continuations, and terminations.

(b)   "Assignment" is an amendment that purports to reflect   an   assignment of all or a part of a secured party's power  to  authorize an   amendment  to a financing statement.

(c)   "Correction statement" means a record that indicates, under  UCC section 9518, that a financing statement is inaccurate or wrongfully filed.

(d)  "File number" means the unique identification number assigned to an initial financing statement by the filing officer for the purpose of identifying the initial financing statement and permanently associating the initial financing statement with all financing statements related to it in the UCC information management system. The filing number bears  no relation to the time of filing and is not an indicator of priority.

(e)   "Filing office" and "filing officer" mean the UCC section of the office of secretary of state or its successor.

(f)  "Individual"  means a human being, or a decedent in  the  case   of  a debtor that is the decedent's estate.

(g)    "Initial financing statement" means a financing statement containing the information required by UCC section 9502, which, when filed, creates the initial record in the UCC information management system.

(h)   "Remitter" means a person who tenders a financing statement to the filing officer for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. "Remitter" does not include a person responsible merely for the delivery of the financing statement to the filing office, such as the postal  service  or a  courier service,   but  does  include  a   service  provider   who  acts  as a filer's representative in the filing process.

(i)   "Request for expediting" means a  search  request   to   provide   a search report on the day of the inquiry.

(j)    "UCC" means the uniform commercial code as adopted in this state and in effect from time to time.

(k)       "UCC information management  system"   means  the  information management system used by the filing officer to store, index, and retrieve information relating to financing statements.

(l)   "Unique identification number" or "identification number" means  a number that includes the year of filing expressed as the first 4 digits of a unique number assigned to the financing statement by the filing office and a 1?digit verification number, to be referred to as a  check  digit,   assigned

by  the filing office, but mathematically derived from other numbers  in   the unique number.

(2)   A word or term defined in the UCC has the same meaning when used in these rules.

History: 2002 MR 21, Eff. Nov. 20, 2002.