9 C.F.R. § 205.103

EFS—minimum information

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(a) The minimum information necessary on an EFS is as follows:

(1) Crop year unless every crop of the farm product in question, for the duration of the EFS, is to be subject to the particular security interest;

(2) Farm product name (see §§ 205.106, 205.206);

(3) Each county or parish in the same State where the farm product is produced or located;

(4) Name and address of each person subjecting the farm product to the security interest, whether or not a debtor (see § 205.102);

(5) Social security number or other approved unique identifier or, if other than a natural person, IRS taxpayer identification number or other approved unique identifier of each such person;

(6) Further details of the farm product subject to the security interest if needed to distinguish it from other such product owned by the same person or persons but not subject to the particular security interest (see § 205.207); and

(7) Secured party name and address.

(b) A requirement of additional information on an EFS is discretionary with the State.

(c) Whether to permit one EFS to reflect multiple products, or products in multiple counties, is discretionary with the State.

(Approved by the Office of Management and Budget under control number 0580-0016) [51 FR 29451, Aug. 18, 1986, as amended at 71 FR 56342, Sept. 27, 2006]

Notes of Decisions

Cited in 1 case, 1990–1990 · leading case: Lisco State Bank v. McCombs Ranches, Inc., 752 F. Supp. 329 (D. Neb. 1990).

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Lisco State Bank v. McCombs Ranches, Inc., 752 F. Supp. 329 (D. Neb. 1990). · cites it 2× “” See, 9 C.F.R. § 205.103 (1990). 5 Assuming for the sake of argument that the debtor’s signature is required in the “effective financing statement,” the question arises whether both the Nebraska statute and the FSA include a provision within the “effective financing statements”…”

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