Subsections (a) and (b) [Maine cite subsections (1) and (2)] apply to a financing statement covering consumer goods. Subsection (c) [Maine cite subsection (3)] applies to other financing statements. Subsection (a) and (c) [Maine cite subsections (1) and (3)] each makes explicit what was implicit under former Article 9: If the debtor did not authorize the filing of a financing statement in the first place, the secured party of record should file or send a termination statement. The liability imposed upon a secured party that fails to comply with subsection (a) or (c) [Maine cite subsection (1) or (3)] is identical to that imposed for the filing of an unauthorized financing statement or amendment. See Section 9-625(e) [Maine cite section 9-1625, subsection (5)].

3. "Bogus" Filings. A secured party's duty to send a termination statement arises when the secured party "receives" an authenticated demand from the debtor. In the case of an unauthorized financing statement, the person named as debtor in the financing statement may have no relationship with the named secured party and no reason to know the secured party's address. Inasmuch as the address in the financing statement is "held out by [the person named as secured party in the financing statement] as the place for receipt of such communications [i.e., communications relating to security interests]," the putative secured party is deemed to have "received" a notification delivered to that address. See Section 1-201(26). If a termination statement is not forthcoming, the person named as debtor itself may authorize the filing of a termination statement, which will be effective if it indicates that the person authorized it to be filed. See Sections 9-509(d)(2), 9- 510(c) [Maine cite section 9-1509, subsection (4), paragraph (b), section 9-1510, subsection (3)].

4. Buyers of Receivables. Applied literally, former Section 9-404(1) would have required many buyers of receivables to file a termination statement immediately upon filing a financing statement because "there is no outstanding secured obligation and no commitment to make advances, incur obligations, or otherwise give value." Subsections (c)(1) and (2) [Maine cite subsection (3), paragraphs (a) and (b)] remedy this problem. While the security interest of a buyer of accounts or chattel paper (B-1) is perfected, the debtor is not deemed to retain an interest in the sold receivables and thus could transfer no