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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