SECTION 96.42. Information Required for Indexing

(a) Original Transition Property Notice. An original transition property notice must contain the following information for the purpose of maintaining an index of transition property notice information.

(1) Identification of the document as a transition property notice.

(2) The name and address of the grantor or assignor of record.

(3) The name and address of the financing party or assignee of record.

(b) Notice of Amendment of a Transition Property Notice. An amendment of a filed transition property notice must contain the following information for the purpose of maintaining an index of transition property notice information.

(1) Identification of the document as a notice of amendment to a transition property notice.

(2) Identification of the initial transition property notice to be amended by the notice.

(3) The name and address of the financing party or assignee of record whose interest is affected by the notice of amendment.

(c) Notice of Assignment of Interest in Transition Property. A notice of assignment of interest in transition property must contain the following information for the purpose of maintaining an index of transition property information.

(1) Identification of the document as a notice of assignment.

(2) A designation whether the assignment is a full or partial assignment of rights under the transition property notice. The designation shall apply only to the financing party or assignee of record affected by the notice of assignment.

(3) Identification of the initial transition property notice to which the notice of assignment relates.

(4) The name and address of each financing party or assignee of record whose interest is to be assigned.

(5) The name and address of each transferee.

(d) Termination Notice. A termination notice must contain the following information for the purpose of maintaining an index of transition property information.

(1) Identification of the document as a termination notice.

(2) Identification of the initial transition property notice to which the termination notice relates.

(3) The name and address of the financing party whose interest is terminated.

(e) Notice of Release or Retransfer of Interest in Transition Property. A notice of release or retransfer of interest in transition property must contain the following information for the purpose of maintaining an index of transition property notice information.

(1) Identification of the document as a notice of release or retransfer of transition property.

(2) Identification of the initial transition property notice to which the notice of release or retransfer relates.

(3) The name and address of the financing party or assignee of record whose interest is affected by the release or retransfer.

(f) Other Amendments. A document intended to reflect an amendment to a filed transition property notice must contain the following information for the purpose of maintaining an index of transition property notice information.

(1) Identification of the document as an amendment to a filed transition property notice.

(2) Identification of the initial transition property notice to which the amendment relates.

(3) The name and address of the financing party or assignee of record whose interest is affected by the amendment.

Source Note: The provisions of this §96.42 adopted to be effective September 4, 2001, 26 TexReg 6658