N.Y. Comp. Codes R. & Regs. Tit. 19 §§ 143-3.7

Current through Register Vol. 46, No. 45, November 2, 2024

Section 143-3.7 - Limitations applicable to XML documents and XML transmissions

Notwithstanding any other provision of this Part to the contrary, XML documents and XML transmissions shall be subject to the limitations and restrictions set forth in this section.

(a) The central filing office will not accept any UCC search request or UCC copy request submitted by XML transmission. In particular, but not by way of limitation, an initial financing statement submitted to the central filing office by XML transmission may not contain a request for search report(s) on any debtor(s) named in such initial financing statement. If an initial financing statement submitted to the central filing office by XML transmission contains any such search request, the search request will not be processed even if the initial financing statement is accepted for filing.

(b) The central filing office will not accept any correction statement (UCC-5) submitted by XML transmission.

(c) The central filing office will not accept a combination filing (as described in section 143-1.3[c] of this Part) submitted by XML transmission. An amendment submitted to the central filing office by XML transmission can be filed as one, but only one, of the following: a termination statement, a continuation statement, a full assignment, a party information amendment (i.e., an amendment that changes, deletes, or adds a debtor or a secured party), or a collateral information amendment (i.e., an amendment that deletes collateral, adds collateral, or restates the description of collateral). In particular, but not by way of limitation:

(1) a single amendment submitted by XML transmission cannot be filed as both a party information amendment and a collateral information amendment;

(2) in the case of a party information amendment, only one debtor or one secured party may be changed, deleted, or added; and

(3) a partial assignment affecting only some (but not all) of the collateral covered by the identified financing statement (see clause "iii" in instruction number 4 on the reverse of the amendment form promulgated under section 143-1.3[a][4] of this Part) is considered to be two actions, as it involves both an assignment and a collateral information amendment; therefore, such a partial assignment cannot be accomplished by a single amendment submitted to the central filing office by XML transmission.

(d) All information in a document submitted to the central filing office by XML transmission must be included within the available fields of the XML document. A document submitted to the central filing office by XML transmission cannot include any exhibits, schedules or other attachments.

N.Y. Comp. Codes R. & Regs. Tit. 19 §§ 143-3.7