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The Future of Filing and
Searching Security Interests
What to expect?
What is new & improved?
What is different?
What to expect?
The new system does what you expect
it to do.
File records
Search for records
What is new & improved?
Filing
Attachments
We will accept:
PDF and Text (.txt)
Total file size of 10
megabytes (MB)
Maximum of 50 files
ACH
Will be accepted
Users will be able
to submit filings
using an XML data
transfer process.
System-to-System Transfer
Point & Choose
Point & Choose
Point & Choose
User Accounts
Notice of Lien & Amendment
Unique Identifier
The 10 digit number that will replace the use
of the Social Security Number or Employer
Identification N...
New Forms
Search
Master List Search
Certification
Other Features
Master List Registration
Bulk Records Subscription
What is different?
Mandatory electronic
filing, searching, and
certification
1. The Law
2. How We Get There
3. Practical Aspects
The Law
Filing
The filing office can specify the method
and medium of communication.
Method and Medium
The Secretary of State may require any
filing to be made by electronic means.
By Electronic Means
Federal tax law controls.
Federal Tax Liens
Search
Electronic Access
The Secretary of State may designate
electronic access as the sole means of
access.
In Any Medium
The Secretary of State shall communicate
requested information regarding a
financing statement in any medium.
Self-Authenticating
The Secretary of State shall communicate
a record that can be admitted into
evidence without extrinsic...
Proposed Rules
The Secretary of State will mandate
electronic filing, searching, and
certification as the sole method or
medium.
Electron...
Federal liens will be excluded from the
electronic filing mandate.
Exclusion
Hardship filing, search and certification
request allowed upon the Secretary’s
approval of hardship cases.
Hardship
How We Get There
Effective Date
The same date as
the new system
deploys.
Required Features
1. Attachments
2. ACH
3. System-to-System Transfer
Notice
Practical Aspects
Efficiency
Paper Filing
Electronic
Filing
VS.
How a Document Becomes a
Record in a Paper Based World
How a Document Becomes a Record in a Paper Based World
1 2 3
4 5 6
7 8 9
How a Document Becomes a Record in an
Electronic World
Filed
Record
Public
User
Online Filing
Application
Online
Payment
Historical Experience
Moving Forward
Mobile
On-line
Pictures
• Moonmir sts91 big by NASA http://commons.wikimedia.org/wiki/File:Moonmir_sts91_big.jpg
• SF Legion of Honor Thi...
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
The Future of Filing and Searching Security Interests with the Colorado Secretary of State
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The Future of Filing and Searching Security Interests with the Colorado Secretary of State

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Segment 2 of the UCC Article Security Interests: Collateral Refresher and Hot Topics CLE program.

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Transcript of "The Future of Filing and Searching Security Interests with the Colorado Secretary of State"

  1. 1. The Future of Filing and Searching Security Interests
  2. 2. What to expect? What is new & improved? What is different?
  3. 3. What to expect?
  4. 4. The new system does what you expect it to do. File records Search for records
  5. 5. What is new & improved?
  6. 6. Filing
  7. 7. Attachments We will accept: PDF and Text (.txt) Total file size of 10 megabytes (MB) Maximum of 50 files
  8. 8. ACH Will be accepted
  9. 9. Users will be able to submit filings using an XML data transfer process. System-to-System Transfer
  10. 10. Point & Choose
  11. 11. Point & Choose
  12. 12. Point & Choose
  13. 13. User Accounts
  14. 14. Notice of Lien & Amendment
  15. 15. Unique Identifier The 10 digit number that will replace the use of the Social Security Number or Employer Identification Number on EFS records.
  16. 16. New Forms
  17. 17. Search
  18. 18. Master List Search
  19. 19. Certification
  20. 20. Other Features Master List Registration Bulk Records Subscription
  21. 21. What is different?
  22. 22. Mandatory electronic filing, searching, and certification
  23. 23. 1. The Law 2. How We Get There 3. Practical Aspects
  24. 24. The Law
  25. 25. Filing
  26. 26. The filing office can specify the method and medium of communication. Method and Medium
  27. 27. The Secretary of State may require any filing to be made by electronic means. By Electronic Means
  28. 28. Federal tax law controls. Federal Tax Liens
  29. 29. Search
  30. 30. Electronic Access The Secretary of State may designate electronic access as the sole means of access.
  31. 31. In Any Medium The Secretary of State shall communicate requested information regarding a financing statement in any medium.
  32. 32. Self-Authenticating The Secretary of State shall communicate a record that can be admitted into evidence without extrinsic authentication.
  33. 33. Proposed Rules
  34. 34. The Secretary of State will mandate electronic filing, searching, and certification as the sole method or medium. Electronic Mandate
  35. 35. Federal liens will be excluded from the electronic filing mandate. Exclusion
  36. 36. Hardship filing, search and certification request allowed upon the Secretary’s approval of hardship cases. Hardship
  37. 37. How We Get There
  38. 38. Effective Date The same date as the new system deploys.
  39. 39. Required Features 1. Attachments 2. ACH 3. System-to-System Transfer
  40. 40. Notice
  41. 41. Practical Aspects
  42. 42. Efficiency Paper Filing Electronic Filing VS.
  43. 43. How a Document Becomes a Record in a Paper Based World
  44. 44. How a Document Becomes a Record in a Paper Based World 1 2 3 4 5 6 7 8 9
  45. 45. How a Document Becomes a Record in an Electronic World Filed Record Public User Online Filing Application Online Payment
  46. 46. Historical Experience
  47. 47. Moving Forward Mobile On-line
  48. 48. Pictures • Moonmir sts91 big by NASA http://commons.wikimedia.org/wiki/File:Moonmir_sts91_big.jpg • SF Legion of Honor Thinker 2 by Andreas Praefcke http://commons.wikimedia.org/wiki/File:SF_Legion_of_Honor_Thinker_2.jpg • Shinkansen tokyo by Parag.maik http://commons.wikimedia.org/wiki/File:Shinkansen_tokyo.jpg • Pan Segment 1 by NASA Mars Pathfinder http://commons.wikimedia.org/wiki/File:Pan_segment1.gif • Manila Paper by Nathan Beach http://commons.wikimedia.org/wiki/File:ManilaPaper.jpg • Postcards and magnifying glass by art_es_anna - http://flickr.com/photos/61219542@N00/1314358266 • Erika 9 typewriter by Sommeregger http://commons.wikimedia.org/wiki/File:Erika_9_typewriter.jpg • Wanzijia by Hayih http://commons.wikimedia.org/wiki/File:Wanzijia.jpg • 20 Dollars Art 3 by Man-ucommons http://commons.wikimedia.org/wiki/File:20_Dollars_art3.jpg • RecipeBook XML Example 2 by Jmh2o http://commons.wikimedia.org/wiki/File:RecipeBook_XML_Example_2.svg • Weizenfeld Anfang Juli 2009 by 3268zauber http://commons.wikimedia.org/wiki/File:Weizenfeld_Anfang_Juli_2009.JPG • Contemplation of Justice by UpstateNYer http://commons.wikimedia.org/wiki/File:ContemplationOfJustice.JPG • US Supreme Court Building by Duncan Lock http://commons.wikimedia.org/wiki/File:US_Supreme_Court_Building.jpg • Brooklyn Bridge Manhattan by Suiseiseki http://commons.wikimedia.org/wiki/File:Brooklyn_Bridge_Manhattan.jpg • Calendar-leapyeardate by Fluff http://commons.wikimedia.org/wiki/File:Calendar-leapyeardate.jpg • Infinite-corridor-bboard by Joseph Barillari http://commons.wikimedia.org/wiki/File:Infinite-corridor-bboard.jpeg • iPhone 3GS sides by Penato Mitra http://commons.wikimedia.org/wiki/File:IPhone_3G_S_sides.jpg • MacBook by Grm wnr http://commons.wikimedia.org/wiki/File:MacBook.jpg • QWERTY Keyboard by Michael Maggs http://commons.wikimedia.org/wiki/File:QWERTY_keyboard.jpg • Breifoeffner mit kuvert und hand fcm by Frank C Muller http://commons.wikimedia.org/wiki/File:Briefoeffner_mit_kuvert_und_hand_fcm.jpg • Stempelkissen Geha by Alter Fritz http://commons.wikimedia.org/wiki/File:Stempelkissen_Geha_(Alter_Fritz).JPG • 1, 5 und 10 Dollarnoten by Man-ucommons http://commons.wikimedia.org/wiki/File:1,5_und_10_Dollarnoten.jpg • Murrary & Heister by Theodor Horydczak http://hdl.loc.gov/loc.pnp/thc.5a43068 • Neil Armstrong reviews flight plans by NASA http://commons.wikimedia.org/wiki/File:Neil_Armstrong_reviews_flight_plans.jpg • The Bonus division where the many clerks figure the amount of the bonus each veteran is entitled to Library of Congress http://memory.loc.gov/service/pnp/cph/3c00000/3c01000/3c01200/3c01229v.jpg • Red Checkmark by Johannes Rossel http://commons.wikimedia.org/wiki/File:Red_Checkmark.svg • Churchill waves to crowds by IWM Collections http://commons.wikimedia.org/wiki/File:Churchill_waves_to_crowds.jpg • Destitute man vacant store by Dorothea Lange http://commons.wikimedia.org/wiki/File:Destitute_man_vacant_store.gif • Friedenshobelpreis-1963 by unknown http://commons.wikimedia.org/wiki/File:Friedensnobelpreis-1963.jpg • Macbook white redjar 20060603 by Jared C Bendict http://commons.wikimedia.org/wiki/File:Macbook_white_redjar_20060603.jpg • iPhone 2 by Daniel Zanetti http://commons.wikimedia.org/wiki/File:Iphone_2.jpg
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