Mandatory E-filing of Secured Transaction records
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Transcript of Mandatory E-filing of Secured Transaction records
Mandatory E-Filing
of Secured
Transaction Records
1. The Law
2. How We Get There
3. Practical Aspects
The Law
The filing office can specify the method and medium of communication.
Method and Medium
The Secretary of State may require any filing to be made by electronic means.
By Electronic Means
Electronic filing is the only authorized method of delivery.
Only Method of Delivery
Federal liens are excluded from the electronic mandate.
Exclusion
Paper filings accepted only upon the Secretary’s approval of hardship cases.
Hardship
The electronic mandate will also apply to searches and certification of reports and records.
Related Issues
How We Get There
Effective Date
The same date as the new system deploys.
Attachments
We will accept: PDF and Text (.txt)Total file size of 10 megabytes (MB)Maximum of 50 files
ACH
Will be accepted
System-to-System Transfer
Users will be able to submit filings using an XML data transfer process.
Notice
Practical Aspects
Efficiency
Paper FilingElectronic
FilingVS.
How a Document Becomes a Record in a Paper Based World
How a Document Becomes a Record in a Paper Based World
1 2 3
4 5 6
7 8 9
How a Document Becomes a Record in an Electronic World
Filed Record
Public User
Online Filing Application
Online Payment
Historical Experience
Moving Forward
Mobile
On-line
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