(A) Overpayment. The filing officer shall refund the amount of an overpayment exceeding ten dollars to the remitter.
(B) Underpayment. Upon receipt of a record with an insufficient fee, the filing officer shall do one of the following.
(1) A notice of the deficiency shall be sent to the remitter and the UCC record shall be held for receipt of the fee. Upon receipt of the fee , the UCC record shall be filed as of the time and date of receipt of the full filing fee If the fee is not received within ten days of the date of the notice, the UCC record shall be returned to the remitter with a written explanation for the refusal to accept the UCC record; or
(2) The UCC record shall be returned to the remitter as provided in rule 111-11-23 of the Administrative Code. A refund may be included with the record or delivered under separate cover.
R.C. 119.032 review dates: 10/21/2010 and 07/15/2015
Promulgated Under: 119.03
Statutory Authority: 1309.526
Rule Amplifies: 111.16, 1309.516
Prior Effective Dates: 7/3/01 (Emer.), 9/20/01.