(a)Filing office duties.--For each record filed in a filing office, the filing office shall:
(1)assign a unique number to the filed record;
(2)create a record which bears the number assigned to the filed record and the date and time of filing;
(3)maintain the filed record for public inspection; and
(4)index the filed record in accordance with subsections (c), (d) and (e).
(b)File number.--Except as provided in subsection (i), a file number assigned after January 1, 2002, must include a digit which:
(1)is mathematically derived from or related to the other digits of the file number; and
(2)aids the filing office in determining whether a number communicated as the file number includes a single digit or transpositional error.
(c)Indexing: general.--Except as otherwise provide
Free access — add to your briefcase to read the full text and ask questions with AI
(a) Filing office duties.--For each record filed in a filing office, the filing office shall:
(1) assign a unique number to the filed record;
(2) create a record which bears the number assigned to the filed record and the date and time of filing;
(3) maintain the filed record for public inspection; and
(4) index the filed record in accordance with subsections (c), (d) and (e).
(b) File number.--Except as provided in subsection (i), a file number assigned after January 1, 2002, must include a digit which:
(1) is mathematically derived from or related to the other digits of the file number; and
(2) aids the filing office in determining whether a number communicated as the file number includes a single digit or transpositional error.
(c) Indexing: general.--Except as otherwise provided in subsections (d) and (e), the filing office shall:
(1) index an initial financing statement according to the name of the debtor and index all filed records relating to the initial financing statement in a manner which associates with one another an initial financing statement and all filed records relating to the initial financing statement; and
(2) index a record which provides a name of a debtor which was not previously provided in the financing statement to which the record relates also according to the name which was not previously provided.
(d) Indexing: real-property-related financing statement.--If a financing statement is filed as a fixture filing or covers as-extracted collateral or timber to be cut, the filing office shall index it:
(1) under the names of the debtor and of each owner of record shown on the financing statement as if they were the mortgagors under a mortgage of the real property described; and
(2) to the extent that the law of this Commonwealth provides for indexing of records of mortgages under the name of the mortgagee, under the name of the secured party as if the secured party were the mortgagee thereunder or, if indexing is by description, as if the financing statement were a record of a mortgage of the real property described.
(e) Indexing: real-property-related assignment.--If a financing statement is filed as a fixture filing or covers as-extracted collateral or timber to be cut, the filing office shall index an assignment filed under section 9514(a) (relating to assignment reflected on initial financing statement) or an amendment filed under section 9514(b) (relating to assignment of filed financing statement):
(1) under the name of the assignor as grantor; and
(2) to the extent that the law of this Commonwealth provides for indexing a record of the assignment of a mortgage under the name of the assignee, under the name of the assignee.
(f) Retrieval and association capability.--The filing office shall maintain a capability:
(1) to retrieve a record by the name of the debtor and by the file number assigned to the initial financing statement to which the record relates; and
(2) to associate and retrieve with one another an initial financing statement and each filed record relating to the initial financing statement.
(g) Removal of debtor's name.--The filing office may not remove a debtor's name from the index until one year after the effectiveness of a financing statement naming the debtor lapses under section 9515 (relating to duration and effectiveness of financing statement; effect of lapsed financing statement) with respect to all secured parties of record.
(h) Timeliness of filing office performance.--Except as provided in subsection (i), the filing office shall perform the acts required by subsections (a) through (e) at the time and in the manner prescribed by filing-office rule but not later than five business days after the filing office receives the record in question.
(i) Inapplicability to real-property-related filing office.--Subsections (b) and (h) do not apply to a filing office described in section 9501(a)(1) (relating to filing offices).