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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61527</law_id><section_number>8.9A-506</section_number><catch_line>Effect of errors or omissions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="5">Filing</unit><unit label="subpart" level="3" order_by="1" identifier="1">Filing Office, Contents and Effectiveness of Financing Statement</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> <span class="dictionary">Minor</span> errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has <span class="dictionary">minor</span> errors or omissions, unless the errors or omissions make the financing statement seriously misleading. <a id="paragraph-224679" class="section-permalink" href="https://vacode.org/8.9A-506/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Financing statement seriously misleading. Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with &#xA7; <a class="law" title="Name of debtor and secured party" href="/8.9A-503/">8.9A-503</a> (a) is seriously misleading. <a id="paragraph-224680" class="section-permalink" href="https://vacode.org/8.9A-506/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Financing statement not seriously misleading. If a search of the records of the filing office under the debtor&#x2019;s correct name, using the filing office&#x2019;s standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with &#xA7; <a class="law" title="Name of debtor and secured party" href="/8.9A-503/">8.9A-503</a> (a), the name provided does not make the financing statement seriously misleading. <a id="paragraph-224681" class="section-permalink" href="https://vacode.org/8.9A-506/#c"><i class="fa fa-link"/></a></p></section>
						<section id="d"><p><span class="prefix-number">d.</span> &#x201C;Debtor&#x2019;s correct name.&#x201D; For purposes of &#xA7; <a class="law" title="Effectiveness of financing statement if new debtor becomes bound by security agreement" href="/8.9A-508/">8.9A-508</a> (b), the &#x201C;debtor&#x2019;s correct name&#x201D; in subsection (c) means the correct name of the new debtor. <a id="paragraph-224682" class="section-permalink" href="https://vacode.org/8.9A-506/#d"><i class="fa fa-link"/></a></p></section></text><history>1964, c. 219, &#xA7; 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536; 1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007.</history><metadata></metadata></law>
