Arizona Laws 47-9518. Claim concerning inaccurate or wrongfully filed record
A. A person may file in the filing office an information statement with respect to a record indexed there under the person’s name if the person believes that the record is inaccurate or was wrongfully filed.
Terms Used In Arizona Laws 47-9518
- Debtor: means :
(a) A person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;
(b) A seller of accounts, chattel paper, payment intangibles or promissory notes; or
(c) A consignee. See Arizona Laws 47-9102
- File number: means the number assigned to an initial financing statement pursuant to section 47-9519, subsection A. See Arizona Laws 47-9102
- Filing office: means an office designated in section 47-9501 as the place to file a financing statement. See Arizona Laws 47-9102
- Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Arizona Laws 47-9102
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Secured party: means :
(a) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(b) A person that holds an agricultural lien;
(c) A consignor;
(d) A person to which accounts, chattel paper, payment intangibles or promissory notes have been sold;
(e) A trustee, indenture trustee, agent, collateral agent or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(f) A person that holds a security interest arising under section 47-2401, 47-2505, 47-2711, 47-2A508, 47-4210 or 47-5118. See Arizona Laws 47-9102
B. An information statement under subsection A of this section must:
1. Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
2. If the information statement relates to a record filed or recorded in a filing office described in section 47-9501, subsection A, paragraph 1, identify the name of the debtor provided in the initial financing statement and the information specified in section 47-9502, subsection B;
3. Indicate that it is an information statement; and
4. Provide the basis for the person’s belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person’s belief that the record was wrongfully filed.
C. A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under section 47-9509, subsection D.
D. An information statement under subsection C of this section must:
1. Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
2. Indicate that it is an information statement; and
3. Provide the basis for the person’s belief that the person that filed the record was not entitled to do so under section 47-9509, subsection D.
E. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.