Nevada Revised Statutes Section 104.9518 - Commercial Instruments and Transactions

Claim concerning inaccurate or wrongfully filed record: Filing of correction statement.

1. A person may file in the filing office a correction statement with respect to a record indexed there under his name if he believes that the record is inaccurate or was wrongfully filed.

2. A correction statement must:

(a) Identify the record to which it relates by:

(1) The file number assigned to the initial financing statement to which the record relates; and

(2) If the correction statement relates to a record filed or recorded in a filing office described in paragraph (a) of subsection 1 of NRS 104.9501, the date that the initial financing statement was filed or recorded and the information specified in subsection 2 of NRS 104.9502;

(b) Indicate that it is a correction statement; and

(c) Provide the basis for the person’s belief that the record is inaccurate and indicate the manner in which he believes the record should be amended to cure any inaccuracy or provide the basis for his belief that the record was wrongfully filed.

3. The filing of a correction statement does not affect the effectiveness of an initial financing statement or other filed record.

Last modified: February 27, 2006