(a) If the filing officer finds grounds under §96.40
of this title to refuse acceptance of a transition property notice,
the filing officer shall return the document, if written, to the Remitter
and may return or refund the filing fee. A refund may be delivered
with the returned document or under separate cover.
(b) The document shall be accompanied by a notice that
contains the date and time the document would have been filed had
it been accepted for filing (unless such date and time are stamped
on the document); and a brief description of the reason for refusal
to accept the document for purposes of filing and that cites the provision
of §96.40 of this title that establishes the ground for refusal.
The notice shall be sent to the Remitter, whether or not the document
or another writing contains a request that an acknowledgment copy
be sent to a financing party or another person. The notice shall be
sent no later than the second business day after the filing office
receives the document.
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