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March 29, 2024 Rain | 39°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 9-525: Fees

Section 9–525. (a) Initial financing statement or other record: general rule. Except as otherwise provided in subsection (d), the fee for filing and indexing a record under this part is the amount specified in subsection (b), if applicable, plus $20.

(b) Number of names. Except as otherwise provided in subsection (d), if a record is communicated in writing, the fee for each name more than 2 required to be indexed is $20. However, if a fee is required under this subsection for 1 debtor name, the fee otherwise required under this subsection for a second debtor name, communicated in writing with the first debtor name, is zero.

(c) Response to information request. The fee for responding to a request for information from the filing office, including for communicating whether there is on file any financing statement naming a particular debtor, is $30. However, the fee otherwise required under this subsection is $10 if the request is limited to communicating only whether there is on file any financing statement naming a particular debtor and the name of the secured party of record relating thereto. This subsection does not require that a fee be charged for remote access searching of the filing office data base.

(d) Record of mortgage. This section does not require a fee with respect to a record of a mortgage which is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under Section 9–502(c). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.