(Reprinted with amendments adopted on April 9, 2003)

 

Assembly Bill No. 92–Committee on Judiciary

 

February 13, 2003

____________

 

Referred to Committee on Judiciary

 

SUMMARY—Makes various changes to requirements governing filing and form of certain documents. (BDR 8‑271)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

~

 

EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to secured transactions; revising provisions of the Uniform Commercial Code governing the filing of certain records; authorizing the Secretary of State to prescribe a form for the filing and recording of certain documents; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. NRS 104.9516 is hereby amended to read as follows:

1-2  104.9516  1.  Except as otherwise provided in subsection 2,

1-3  communication of a record to a filing office and tender of the filing

1-4  fee or acceptance of the record by the filing office constitutes filing.

1-5  2.  Filing does not occur with respect to a record that a filing

1-6  office refuses to accept because:

1-7  (a) The record is not communicated by a method or medium of

1-8  communication authorized by the filing office;

1-9  (b) An amount equal to or greater than the applicable filing fee is

1-10  not tendered;

1-11      (c) The filing office is unable to index the record because:

1-12          (1) In the case of an initial financing statement, the record does

1-13  not provide a name for the debtor;

1-14          (2) In the case of an amendment or correction statement, the

1-15  record:

1-16             (I) Does not identify the initial financing statement as

1-17  required by NRS 104.9512 or 104.9518, as applicable; or

1-18             (II) Identifies an initial financing statement whose

1-19  effectiveness has lapsed under NRS 104.9515;

2-1      (3) In the case of an initial financing statement that provides

2-2  the name of a debtor identified as a natural person or an amendment

2-3  that provides a name of a debtor identified as a natural person which

2-4  was not previously provided in the financing statement to which the

2-5  record relates, the record does not identify the debtor’s last name; or

2-6       (4) In the case of a record filed or recorded in the filing office

2-7  described in paragraph (a) of subsection 1 of NRS 104.9501, the

2-8  record does not provide a sufficient description of the real property to

2-9  which it relates;

2-10      (d) In the case of an initial financing statement or an amendment

2-11  that adds a secured party of record, the record does not provide a name

2-12  and mailing address for the secured party of record;

2-13      (e) In the case of an initial financing statement or an amendment

2-14  that provides a name of a debtor which was not previously provided in

2-15  the financing statement to which the amendment relates, the record

2-16  does not:

2-17          (1) Provide a mailing address for the debtor;

2-18          (2) Indicate whether the debtor is a natural person or an

2-19  organization; or

2-20          (3) If the financing statement indicates that the debtor is an

2-21  organization, provide:

2-22             (I) A type of organization for the debtor;

2-23             (II) A jurisdiction of organization for the debtor; or

2-24             (III) An organizational identification number for the debtor

2-25  or indicate that the debtor has none;

2-26      (f) In the case of an assignment reflected in an initial financing

2-27  statement under subsection 1 of NRS 104.9514 or an amendment filed

2-28  under subsection 2 of that section, the record does not provide a name

2-29  and mailing address for the assignee; or

2-30      (g) In the case of a continuation statement, the record is not filed

2-31  within the 6-month period prescribed by subsection 4 of

2-32  NRS 104.9515.

2-33      (h) The record lists a public official of a governmental unit as a

2-34  debtor and the public official has not authorized the filing of such

2-35  information in an authenticated record as required pursuant to

2-36  NRS 104.9509.

2-37      3.  For purposes of subsection 2:

2-38      (a) A record does not provide information if the filing office is

2-39  unable to read or decipher the information; and

2-40      (b) A record that does not indicate that it is an amendment or

2-41  identify an initial financing statement to which it relates, as required

2-42  by NRS 104.9512, 104.9514 or 104.9518, is an initial financing

2-43  statement.

2-44      4.  A record that is communicated to the filing office with tender

2-45  of the filing fee, but which the filing office refuses to accept for a

2-46  reason other than one set forth in subsection 2, is effective as a filed

2-47  record except as against a purchaser of the collateral which gives

3-1  value in reasonable reliance upon the absence of the record from the

3-2  files.

3-3  Sec. 2.  NRS 104.9521 is hereby amended to read as follows:

3-4  104.9521  1.  A filing office that accepts written records may not

3-5  refuse to accept a written initial financing statement [in the following]

3-6  submitted on a form prescribed and made available by the Secretary

3-7  of State, except for a reason set forth in subsection 2 of NRS 104.9516

3-8  . [:

 

4-1  UCC FINANCING STATEMENT

4-2  FOLLOW INSTRUCTIONS (front and back) CAREFULLY

 

5-3 

 

 

 

 

 

5-4  THE ABOVE SPACE IS FOR

5-5  FILING OFFICE USE ONLY

6-21  2.  ADDITIONAL DEBTOR’S EXACT FULL LEGAL NAME - insert only one debtor name (2a or 2b) - do not abbreviate

6-22  or combine names

6-23  OR	6-24  2a. ORGANIZATION’S NAME
	6-25  2b. INDIVIDUAL’S LAST NAME			6-26   FIRST NAME		6-27  MIDDLE NAME		6-28  SUFFIX
6-29  2c. MAILING ADDRESS				6-30  CITY		6-31  STATE	6-32  POSTAL CODE	6-33  COUNTRY
6-34  2d. TAX ID #: SSN OR EIN		6-35  ADD’L INFO RE- 6-36  ORGANIZATION 6-37  DEBTOR	6-38  2e. TYPE OF ORGANIZATION		6-39  2f. JURISDICTION OF ORGANIZATION	6-40  2g. ORGANIZATIONAL ID #, if any   6-41  oNone

6-42  3.  SECURED PARTY’S NAME (or NAME of TOTAL ASSIGNEE of ASSIGNOR S/P) - insert only one secured party name (3a or 3b)

6-43  OR	6-44  3a. ORGANIZATION’S NAME
	6-45  3b. INDIVIDUAL’S LAST NAME	6-46  FIRST NAME	6-47  MIDDLE NAME		6-48  SUFFIX
6-49  3c. MAILING ADDRESS		6-50  CITY	6-51  STATE	6-52  POSTAL CODE	6-53  COUNTRY

 

 

 

 

 

 

7-2  7.  Check to REQUEST SEARCH REPORT(S) on Debtor(s)     o All Debtors o Debtor 1  o Debtor 2

7-4  8.  OPTIONAL FILER REFERENCE DATA

7-5  NATIONAL UCC FINANCING STATEMENT (FORM UCC1) (REV. 07/29/98)

 

 

8-1  UCC FINANCING STATEMENT ADDENDUM 8-2  FOLLOW INSTRUCTIONS (front and back) CAREFULLY
8-3  9.  NAME OF FIRST DEBTOR (1a or 1b) ON RELATED FINANCING STATEMENT
8-4  OR	8-5  9a. ORGANIZATION’S NAME
	8-6  9b. INDIVIDUAL’S LAST NAME	8-7  FIRST NAME	8-8  MIDDLE NAME, SUFFIX
8-9  10.  MISCELLANEOUS:

 

8-10 

 

 

 

 

 

 

 

 

 

 

 

 

8-11  THE ABOVE SPACE IS FOR

8-12   FILING OFFICE USE ONLY

9-1  11.  ADDITIONAL DEBTOR’S EXACT FULL LEGAL NAME – insert only one name (11a or 11b) - do not abbreviate or combine names
9-2  OR		9-3  11a. ORGANIZATION’S NAME
		9-4  11b. INDIVIDUAL’S LAST NAME			9-5  FIRST NAME	9-6  MIDDLE NAME		9-7  SUFFIX
9-8  11c. MAILING ADDRESS					9-9  CITY	9-10  STATE	9-11  POSTAL CODE	9-12  COUNTRY
9-13  11d. TAX ID #: 9-14  SSN OR EIN			9-15  ADD’L INFO RE- ORGANIZATION DEBTOR	9-16  11e. TYPE OF ORGANIZATION	9-17  11f. JURISDICTION OF ORGANIZATION	9-18  11g.ORGANIZATIONAL ID #, if any   9-19  oNone
9-20  12.  o ADDITIONAL SECURED PARTY’S or o ASSIGNOR S/P’S NAME – insert only one name (12a or 12b)
9-21  OR	9-22  12a. ORGANIZATION’S NAME
	9-23  12b. INDIVIDUAL’S LAST NAME				9-24  FIRST NAME	9-25  MIDDLE NAME		9-26  SUFFIX
9-27  12c. MAILING ADDRESS					9-28  CITY	9-29  STATE	9-30  POSTAL CODE	9-31  COUNTRY
9-32  13.  This FINANCING STATEMENT covers o timber to be cut or 9-33        o as-extracted collateral, or is filed as a o fixture filing. 9-34  14.  Description of real estate:                   9-35  15.  Name and address of a RECORD OWNER of above-described real 9-36        estate (if Debtor does not have a record interest):					9-37  16.  Additional collateral description:
					9-38  17.  Check only if applicable and check only one box: 9-39        Debtor is a o Trust or 9-40       o Trustee acting with respect to property held in trust or 9-41       o Decedent’s Estate

 

10-1  18.  Check only if applicable and check only one box: 10-2       o Debtor is a TRANSMITTING UTILITY 10-3       o Filed in connection with a Manufactured-Home Transaction   – effective 30 years 10-4       o Filed in connection with a Public-Finance Transaction –       effective 30 years

10-5  NATIONAL UCC FINANCING STATEMENT (FORM UCC1Ad) (REV. 07/29/98)]

 

11-1      2.  A filing office that accepts written records may not refuse to

11-2  accept a written record [in the following] submitted on a form

11-3  prescribed and made available by the Secretary of State, except for a

11-4  reason set forth in subsection 2 of NRS 104.9516 . [:

 

12-1  UCC FINANCING STATEMENT AMENDMENT

12-2  FOLLOW INSTRUCTIONS (front and back) CAREFULLY

13-1  A.  NAME & PHONE OF CONTACT AT FILER [optional]

13-2  B.  SEND ACKNOWLEDGMENT TO: (Name and Address)

 

13-3 

 

 

 

 

13-4  THE ABOVE SPACE IS FOR

13-5  FILING OFFICE USE ONLY

14-1  1a.  INITIAL FINANCING STATEMENT FILE #				14-2  1b. This FINANCING STATEMENT AMENDMENT is to be filed [for      record] (or recorded) in the o REAL ESTATE RECORDS.
14-3  2.  o TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the 14-4  Secured Party authorizing this Termination Statement.
14-5  3.  o CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party 14-6  authorizing this Continuation Statement is continued for the additional period provided by applicable law.
14-7  4.  o ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9.
14-8  5.  o AMENDMENT (PARTY INFORMATION): This Amendment affects o Debtor or o Secured Party of record. 14-9     Check only one of these two boxes. 14-10    Also check one of the following three boxes and provide appropriate information in items 6 and/or 7.
14-11  o CHANGE name and/or address: Give current record name in item 6a or 6b; also give new name (if name change) in item 7a or 7b and/or new address (if address change) in item 7c.		14-12  o DELETE name: give record name to be deleted in item 6a or 6b.			14-13  o ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7d-7g (if applicable).
14-14  6.  CURRENT RECORD INFORMATION:
14-15  OR	14-16  6a. ORGANIZATION’S NAME
	14-17  6b. INDIVIDUAL’S LAST NAME		14-18  FIRST NAME		14-19  MIDDLE NAME		14-20  SUFFIX
14-21  7.  CHANGED (NEW) OR ADDED INFORMATION:
14-22  OR	14-23  7a. ORGANIZATION’S NAME
	14-24  7b. INDIVIDUAL’S LAST NAME		14-25  FIRST NAME		14-26  MIDDLE NAME		14-27  SUFFIX
14-28  7c.  MAILING ADDRESS			14-29  CITY		14-30  STATE	14-31  POSTAL CODE	14-32  COUNTRY

 

15-1  7d.  TAX ID #: 15-2  SSN OR EIN		15-3  ADD’L INFO RE- ORGANIZATION DEBTOR	15-4  7e. TYPE OF ORGANIZATION		15-5  7f. JURISDICTION OF ORGANIZATION		15-6  7g.ORGANIZATIONAL ID #, if any   15-7  oNone
15-8  8.  o AMENDMENT (COLLATERAL CHANGE): check only one box
15-9    Describe collateral o deleted or o added, or give entire o restated collateral description, or describe collateral o assigned.
15-10  9.  NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an assignment). If this is an 15-11  Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here o and enter name of DEBTOR authorizing this Amendment.
15-12  OR	15-13  9a. ORGANIZATION’S NAME
	15-14  9b. INDIVIDUAL’S LAST NAME			15-15  FIRST NAME		15-16  MIDDLE NAME		15-17  SUFFIX
15-18  10.  OPTIONAL FILER REFERENCE DATA

15-19  NATIONAL UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 07/29/98)

 

15-20  UCC FINANCING STATEMENT ADDENDUM 15-21  FOLLOW INSTRUCTIONS (front and back) CAREFULLY
15-22  11.  INITIAL FINANCING STATEMENT FILE # (same as item 1a on amendment form)
15-23  12.  NAME OF PARTY AUTHORIZING THIS AMENDMENT (same as item 9 on Amendment form)
15-24  OR	15-25  12a. ORGANIZATION’S NAME
	15-26  12b. INDIVIDUAL’S LAST NAME	15-27  FIRST NAME	15-28  MIDDLE NAME, SUFFIX
15-29  13.  Use this space for additional information				15-30  THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY

15-31  NATIONAL UCC FINANCING STATEMENT AMENDMENT ADDENDUM

15-32  (FORM UCC3Ad) (REV. 07/29/98)

16-1      3.  A form that a filing office may not refuse to accept under

16-2  subsection 1 or 2 must conform to the format prescribed for the form

16-3  by the National Conference of Commissioners on Uniform State

16-4  Laws.

17-1      4.  A filing officer may add optional blocks for the address of the

17-2  secured party or the address of the debtor to any form or record.

 

 

17-3      Sec. 3.  NRS 108.889 is hereby amended to read as follows:

17-4      108.889  1.  To perfect the lien provided for in NRS 108.887, a

17-5  producer must, not later than 45 days after the date on which the lien

17-6  attaches pursuant to NRS 108.888, file a notice of the lien in the

17-7  Office of the Secretary of State[.] in the manner set forth in NRS

17-8  104.9516 and on a form prescribed and made available by the

17-9  Secretary of State.

17-10     2.  A notice of lien that is filed pursuant to subsection 1 must be

17-11  verified by the oath of the producer and must contain:

17-12     (a) The name of the producer;

17-13     (b) The name of the processor;

17-14     (c) A statement of the terms and conditions of the contract

17-15  between the producer and the processor; and

17-16     (d) The total amount owed to the producer by the processor under

17-17  the terms of the contract, after deducting any applicable credits or

17-18  offsets.

17-19     3.  Not later than 24 hours after filing a notice of lien pursuant to

17-20  this section, a producer shall send a copy of the notice of lien to the

17-21  processor by certified mail.

17-22     Sec. 4.  NRS 247.110 is hereby amended to read as follows:

17-23     247.110  1.  When a document authorized by law to be recorded

17-24  is deposited in the county recorder’s office for recording, the county

17-25  recorder shall:

17-26     (a) Endorse upon it the time when it was received, noting:

17-27         (1) The year, month, day, hour and minute of its reception;

17-28         (2) The document number; and

17-29         (3) The amount of fees collected for recording the document.

17-30     (b) Record the document without delay, together with the

17-31  acknowledgments, proofs and certificates, written upon or annexed to

17-32  it, with the plats, surveys, schedules and other papers thereto annexed,

17-33  in the order in which the papers are received for recording.

17-34     (c) Note at the upper right corner of the record and upon the

17-35  document, except a map, so recorded the exact time of its reception,

17-36  and the name of the person at whose request it was recorded.

17-37     (d) Upon request, place a stamp or other notation upon one copy

17-38  of the document presented at the time of recording to reflect the

17-39  information endorsed upon the original pursuant to subparagraphs (1)

17-40  and (2) of paragraph (a) and as evidence that he received the original,

17-41  and return the copy to the person who presented it.

17-42     2.  In addition to the information described in paragraph (a) of

17-43  subsection 1, a county recorder may endorse upon a document the

17-44  book and page where the document is recorded.

18-1      3.  A county recorder shall not refuse to record a document on the

18-2  grounds that the document is not legally effective to accomplish the

18-3  purposes stated therein.

18-4      4.  A document, except a map, that is submitted for recording

18-5  must [:] be on a form authorized by NRS 104.9521 for the type of

18-6  filing or must:

18-7      (a) Be on paper that is 8 1/2 inches by 11 inches in size;

18-8      (b) Have a margin of 1 inch on the left and right sides and at the

18-9  bottom of each page; and

18-10     (c) Have a space of 3 inches by 3 inches at the upper right corner

18-11  of the first page and have a margin of 1 inch at the top of each

18-12  succeeding page.

 

18-13  H