2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
9502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

     § 9502.  Contents of financing statement; record of mortgage as
                financing statement; time of filing financing
                statement.
        (a)  Sufficiency of financing statement.--Subject to
     subsection (b), a financing statement is sufficient only if it:
            (1)  provides the name of the debtor;
            (2)  provides the name of the secured party or a
        representative of the secured party; and
            (3)  indicates the collateral covered by the financing
        statement.
        (b)  Real-property-related financing statements.--Except as
     otherwise provided in section 9501(b) (relating to filing office
     for transmitting utilities), to be sufficient, a financing
     statement which covers as-extracted collateral or timber to be
     cut or which is filed as a fixture filing and covers goods which
     are or are to become fixtures must satisfy subsection (a) and
     also:
            (1)  indicate that it covers this type of collateral;
            (2)  indicate that it is to be filed in the real property
        records;
            (3)  provide a description of the real property to which
        the collateral is related; and
            (4)  if the debtor does not have an interest of record in
        the real property, provide the name of a record owner.
        (c)  Record of mortgage as financing statement.--A record of
     a mortgage is effective, from the date of recording, as a
     financing statement filed as a fixture filing or as a financing
     statement covering as-extracted collateral or timber to be cut
     only if:
            (1)  the record indicates the goods or accounts which it
        covers;
            (2)  the goods are or are to become fixtures related to
        the real property described in the record, or the collateral
        is related to the real property described in the record and
        is as-extracted collateral or timber to be cut;
            (3)  the record satisfies the requirements for a
        financing statement in this section other than an indication
        that it is to be filed in the real property records; and
            (4)  the record is duly recorded.
        (d)  Filing before security agreement or attachment.--A
     financing statement may be filed before a security agreement is
     made or a security interest otherwise attaches.

        Cross References.  Section 9502 is referred to in sections
     2A309, 9102, 9109, 9512, 9514, 9515, 9520, 9525 of this title.