18 NCAC 05B .0502          SEARCH REQUESTS AND REPORTS

Search requests shall contain the following information:

(1)           Name searched.  A search request shall set forth the correct name of the debtor to be searched and must specify whether the debtor is an individual or an organization.  A search request shall be processed using the name in the exact form it is submitted.

(2)           Requesting party.  A search request shall include the name and address of the person to whom the search report is to be sent.

(3)           Fee.  The appropriate fee shall be enclosed, payable by a method described in Rule .0105 of this Subchapter.

(4)           Search request with filing. If a filer requests a search at the time a UCC record is filed, the name searched shall be the debtor name as set forth on the form.  The requesting party shall be the remitter of the UCC record, and the search request shall be deemed to request a search that would retrieve all financing statements filed on or prior to the date the UCC record is filed.

History Note:        Authority G.S. 25-9-523; 25-9-526;

Temporary Adoption Eff. July 2, 2001;

Eff. August 1, 2002;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. November 12, 2014.