Md. Code Regs. 18.14.03.01

Current through Register Vol. 51, No. 22, November 1, 2024

Section 18.14.03.01 - Data Elements

A. The UCC data elements used in the information management system are specified in §§B-G of this regulation.

B. File Number.

(1) Each initial financing statement is identified by its file number. Identification of the initial financing statement is affixed on the UCC files or otherwise permanently associated with the record maintained for UCC files in the information management system. A record is created in the information management system for each initial financing statement and all information comprising the record is maintained in the system.

(2) A UCC record other than an initial financing statement is identified by a unique acknowledgment number assigned by the filing office. In the information management system, records of all UCC records other than initial financing statements are linked to the record by the file number of their related initial financing statements.

C. Type of Record. The type of UCC record from which data is transferred is identified in the information management system from information supplied in the record.

D. Filing Date and Filing Time. The filing date and filing time of a UCC record is stored in the information management system. Calculation of the lapse date of an initial financing statement is based upon the filing date.

E. Identification of Parties. The names and addresses of debtors and secured parties are transferred from UCC records to the UCC information management system.

F. Status of Financing Statement. In the information management system, each financing statement has an active status unless designated terminated or lapsed.

G. Page Count. The total number of pages in a UCC record is maintained in the information management system.

Md. Code Regs. 18.14.03.01