S.B. No. 474
 
 
 
 
AN ACT
  relating to financing statements and other records under the
  secured transactions law.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subsection (b), Section 9.516, Business &
  Commerce Code, as effective July 1, 2013, is amended to read as
  follows:
         (b)  Filing does not occur with respect to a record that a
  filing office refuses to accept because:
               (1)  the record is not communicated by a method or
  medium of communication authorized by the filing office;
               (2)  an amount equal to or greater than the applicable
  filing fee is not tendered;
               (3)  the filing office is unable to index the record
  because:
                     (A)  in the case of an initial financing
  statement, the record does not provide a name for the debtor;
                     (B)  in the case of an amendment or information
  statement, the record:
                           (i)  does not identify the initial financing
  statement as required by Section 9.512 or 9.518, as applicable; or
                           (ii)  identifies an initial financing
  statement whose effectiveness has lapsed under Section 9.515;
                     (C)  in the case of an initial financing statement
  that provides the name of a debtor identified as an individual or an
  amendment that provides a name of a debtor identified as an
  individual that was not previously provided in the financing
  statement to which the record relates, the record does not identify
  the debtor's surname; or
                     (D)  in the case of a record filed or recorded in
  the filing office described in Section 9.501(a)(1), the record does
  not provide the name of the debtor and a sufficient description of
  the real property to which it relates;
               (4)  in the case of an initial financing statement or an
  amendment that adds a secured party of record, the record does not
  provide a name and mailing address for the secured party of record;
               (5)  in the case of an initial financing statement or an
  amendment that provides a name of a debtor that was not previously
  provided in the financing statement to which the amendment relates,
  the record does not:
                     (A)  provide a mailing address for the debtor; or
                     (B)  indicate whether the name provided as the
  name of the debtor is the name of an individual or an organization[;
  or
                     [(C)     if the financing statement indicates that
  the debtor is an organization, provide:
                           [(i)  a type of organization for the debtor;
                           [(ii)     a jurisdiction of organization for
  the debtor; or
                           [(iii)     an organizational identification
  number for the debtor or indicate that the debtor has none];
               (6)  in the case of an assignment reflected in an
  initial financing statement under Section 9.514(a) or an amendment
  filed under Section 9.514(b), the record does not provide a name and
  mailing address for the assignee;
               (7)  in the case of a continuation statement, the
  record is not filed within the six-month period prescribed by
  Section 9.515(d); or
               (8)  the record is not on an industry standard form,
  including a national standard form or a form approved by the
  International Association of Commercial Administrators, adopted by
  rule by the secretary of state.
         SECTION 2.  This Act takes effect July 1, 2013, if it
  receives a vote of two-thirds of all the members elected to each
  house, as provided by Section 39, Article III, Texas Constitution.
  If this Act does not receive the vote necessary for effect on that
  date, this Act takes effect September 1, 2013.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 474 passed the Senate on
  March 13, 2013, by the following vote:  Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 474 passed the House on
  May 20, 2013, by the following vote:  Yeas 147, Nays 0, two
  present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor