Section 440.204. Procedure upon refusal.

If the filing officer finds grounds under R  440.202  to refuse acceptance of a financing statement, then the filing officer shall return the document, if written, to the remitter and shall refund the filing fee upon request. The filing officer shall send a notice that contains the date and time the document would have been filed had it been accepted for filing, unless the date and time are stamped  on  the document, and a brief description of the reason for refusal to accept the document under R 440.202. The notice shall be sent to a secured party or the remitter, as provided in R 440.402(2)(b), not later than the second business day after the filing office receives the document. The refund may be delivered with the notice or under separate cover.

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