Section 9--518. Claim Concerning Inaccurate or Wrongfully Filed Record


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  • (a) Correction  statement.  A  person  may file in the filing office a
      correction statement with respect to a record indexed  there  under  the
      person's  name  if  the person believes that the record is inaccurate or
      was wrongfully filed.
        (b) Sufficiency of correction statement. A correction statement must:
             (1) identify the record to which it relates by:
                 (A) the  file  number  assigned  to  the  initial   financing
                     statement to which the record relates; and
                 (B) if  the correction statement relates to a record filed in
                     a filing office described in  Section  9--501(a)(1),  the
                     date  and  time  that the initial financing statement was
                     filed and the information specified in Section 9--502(b);
             (2) indicate that it is a correction statement; and
             (3) provide the basis for the person's belief that the record  is
                 inaccurate  and  indicate  the  manner  in  which  the person
                 believes the record should be amended to cure any  inaccuracy
                 or  provide the basis for the person's belief that the record
                 was wrongfully filed.
        (c) Record not affected by  correction  statement.  The  filing  of  a
      correction  statement  does  not  affect the effectiveness of an initial
      financing statement or other filed record.