2000 Minnesota Statutes

     336A.04 Filing effective financing statement or lien 
  notice. 

    Subdivision 1.    Filing location.  An effective 
 financing statement or lien notice must be filed in the office 
 of the secretary of state or the county recorder in the county 
 of the debtor's residence if the debtor is an individual or 
 organization with residence in this state.  If the debtor is not 
 a resident of this state, the effective financing statement or 
 lien notice must be filed in the office of the secretary of 
 state. 

    Subd. 2.    Effective filing.  Presentation of an 
 effective financing statement or lien notice with the 
 appropriate filing fee to a filing officer or acceptance of the 
 statement by a filing officer constitutes filing under this 
 chapter.  

    Subd. 3.    Fees.  (a) The fee for filing and indexing a 
 standard form for a lien notice, effective financing statement, 
 or continuation statement, and stamping the date and place of 
 filing on a copy of the filed document furnished by the filing 
 party is $15 for up to two debtor names and $15 for each 
 additional name thereafter. 

    (b) A fee may not be charged for filing a termination 
 statement if the termination is filed within 30 days after 
 satisfaction of the lien or security interest.  Otherwise, the 
 fee is $10.  

    (c) A county recorder shall forward $5 of each filing fee 
 collected under this subdivision to the secretary of state.  
 Surcharge amounts shall be collected quarterly by the secretary 
 of state from each county recorder.  The secretary of state 
 shall send each county recorder an invoice at the end of each 
 fiscal quarter and each county recorder shall forward payment to 
 the secretary of state within 30 days of the date of the 
 invoice.  The surcharge amounts received from county recorders 
 and the surcharge amounts collected by the secretary of state's 
 office must be deposited in the state treasury and credited to 
 the general fund.  The balance of the filing fees collected by a 
 county recorder must be deposited in the general fund of the 
 county.  

    Subd. 4.    Filing procedure.  (a) The filing officer 
 shall mark the effective financing statement or lien notice with 
 a consecutive file number and the date and hour of filing.  

    (b) The filing office shall maintain the original filed 
 document or a copy of the filed document in a format that meets 
 archival standards for public inspection as provided in rule by 
 the secretary of state.  

    (c) The filing office shall index filed documents according 
 to the file number of the document.  

    Subd. 5.    Entering filing information into computerized 
 filing system.  Each filing office shall enter the information 
 from the filed documents into the computerized filing system as 
 prescribed by the secretary of state.  

    The secretary of state shall record lien notices in the 
 computerized filing system in a manner that separately 
 identifies all farm products statutory liens, and shall ensure 
 that the computerized filing and notification system 
 distinguishes security interests covered by effective financing 
 statements from liens covered by lien notices to the extent 
 required by United States Code, title 7, section 1631, et seq., 
 and regulations adopted under those sections.  

    Subd. 6.    Verification of information.  A person who 
 has filed an effective financing statement or lien notice may 
 verify the accuracy of the information entered into the 
 computerized filing system and compiled into the master list by 
 making an inquiry under section 336A.09.  The secretary of state 
 shall establish a procedure for requesting an inquiry to verify 
 the accuracy of the information at the time of filing. 

    HIST: 1992 c 525 s 5; 1993 c 369 s 124; 1994 c 438 s 14; 1997 
 c 137 s 17