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DIGEST OF INTRODUCED BILL
Secretary of state filings and recordings. Provides that the secretary of state may refuse to accept certain filings or recordings. Provides that if a secured party or remitter demonstrates that the secretary of state should accept a filing or recording that was rejected, the filing officer will file a notice of correction that states the effective date and time of the filing. Provides that the secretary of state does not have a duty to inspect, evaluate, or investigate a document that is presented for filing or recording. Provides that certain individuals may file a motion for judicial review of a financing statement to determine if the document is fraudulent. Allows a court to order certain actions if a financing statement is fraudulent.