LD 2245
pg. 344
Page 343 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 345 of 493
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LR 1087
Item 1

 
the correction statement must provide the basis for the debtor's
belief that the public record should be corrected. See
subsection (b) [Maine cite subsection (2)]. These provisions,
which resemble the analogous remedy in the Fair Credit Reporting
Act, 15 U.S.C. § 1681i, afford an aggrieved person the
opportunity to state its position on the public record. They do
not permit an aggrieved person to change the legal effect of the
public record. Thus, although a filed correction statement
becomes part of the "financing statement," as defined in Section
9-102 [Maine cite section 9-1102], the filing does not affect the
effectiveness of the initial financing statement or any other
filed record. See subsection (c) [Maine cite subsection (3)].

 
This section does not displace other provisions of this
Article that impose liability for making unauthorized filings or
failing to file or send a termination statement. See Section 9-
625(e) [Maine cite section 9-1625, subsection (5)]. Nor does it
displace any available judicial remedies.

 
3. Resort to Other Law. This Article cannot provide a
satisfactory or complete solution to problems caused by misuse of
the public records. The problem of "bogus" filings is not
limited to the UCC filing system but extends to the real-property
records, as well. A summary judicial procedure for correcting
the public record and criminal penalties for those who misuse the
filing and recording systems are likely to be more effective and
put less strain on the filing system than provisions authorizing
or requiring action by filing and recording offices.

 
SUBPART 2

 
DUTIES AND OPERATION OF FILING OFFICE

 
§9-1519.__Numbering, maintaining and indexing records;

 
communicating information provided in records

 
(1)__For each record filed in a filing office, the filing
office shall:

 
(a)__Assign a unique number to the filed record;

 
(b)__Create a record that bears the number assigned to the
filed record and the date and time of filing;

 
(c)__Maintain the filed record for public inspection; and

 
(d)__Index the filed record in accordance with subsections
(3), (4) and (5).


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