There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
Section 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.
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