Minnesota Administrative Rules

8280.0160 NAMES OF DEBTORS OR SECURED PARTIES WHO ARE INDIVIDUALS.

When the name of a debtor or a secured party on a financing statement is that of an individual, items A to E apply.

A.

The names of individuals are stored separately from the names of organizations. Separate fields are established for first, middle, and last names (surnames or family names) of individuals. The filing officer assumes no responsibility for the accurate designation of the components of a name but will enter the data according to the filer's designations as required by part 8280.0340.

B.

Titles and prefixes, such as "doctor," "reverend," "Mr.," and "Ms." must not be stored in the UCC information management system.

C.

Titles or indications of status such as "M.D." and "esquire" must not be stored in the UCC information management system.

D.

Suffixes, such as "senior," "junior," "I," "II," and "III" are stored in a field designated for name suffixes.

E.

Personal name fields in the UCC information management system are fixed in length. Although filers should continue to provide full names on financing statements, a name that exceeds the fixed length is stored as presented to the filing officer, up to the maximum length of the field. The lengths of name fields are as follows:

(1)

first name, 50 characters;

(2)

middle name, 50 characters;

(3)

last name, 50 characters; and

(4)

suffix, six characters.

Statutory Authority:

L 2000 c 399 art 1 s 139

History:

26 SR 5

Published Electronically:

November 14, 2003