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HF 3400 - Amends Law Regarding Business Filings - Minnesota Key Vote

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Title: Amends Law Regarding Business Filings

Vote Smart's Synopsis:

Vote to pass a bill that amends the law regarding business filings.

Highlights:

  • Authorizes the office to reject an affidavit that is incomplete or that the office believes was delivered with the intent to harass or defraud the secured party (Sec. 2).

  • Prohibits the filing office from charging a fee to file an affidavit (Sec. 2).

  • Specifies that if a secured party believes there was no intent to harass or defraud, then the secured party may request that the filing office conduct an expedited review or commence an action seeking reinstatement of the financing statement (Sec. 2).

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