Idaho State Statutes - Idaho Attorney Directory

CONTENTS OF FINANCING STATEMENT -- RECORD OF MORTGAGE AS
FINANCING STATEMENT -- TIME OF FILING FINANCING STATEMENT -- FARM PRODUCTS.
(a) Subject to subsection (b) of this section, a financing statement is
sufficient only if it:
(1) Provides the name of the debtor;
(2) Provides the name of the secured party or a representative of the
secured party; and
(3) Indicates the collateral covered by the financing statement.
(b) Except as otherwise provided in section 28-9-501(b), to be
sufficient, a financing statement that covers as-extracted collateral or
timber to be cut, or which is filed as a fixture filing and covers goods that
are or are to become fixtures, must satisfy subsection (a) of this section and
also:
(1) Indicate that it covers this type of collateral;
(2) Indicate that it is to be filed in the real property records;
(3) Provide a description of the real property to which the collateral is
related sufficient to give constructive notice of a mortgage under the law
of this state if the description were contained in a record of the
mortgage of the real property; and
(4) If the debtor does not have an interest of record in the real
property, provide the name of a record owner.
(c) A record of a mortgage is effective, from the date of recording, as a
financing statement filed as a fixture filing or as a financing statement
covering as-extracted collateral or timber to be cut only if:
(1) The record indicates the goods or accounts that it covers;
(2) The goods are or are to become fixtures related to the real property
described in the record or the collateral is related to the real property
described in the record and is as-extracted collateral or timber to be
cut;
(3) The record satisfies the requirements for a financing statement in
this section other than an indication that it is to be filed in the real
property records; and
(4) The record is recorded.
(d) A financing statement may be filed before a security agreement is
made or a security interest otherwise attaches.
(e) A financing statement covering farm products is sufficient if it
contains the following information:
(1) The name and address of the debtor;
(2) The debtor's signature;
(3) The name, address and signature of the secured party;
(4) The social security number of the debtor, or in the case of a debtor
doing business other than as an individual, the debtor's internal revenue
service taxpayer identification number;
(5) A description by category of the farm products subject to the
security interest and the amount of such products, where applicable;
(6) A reasonable description of the real estate where the farm products
are produced or located. This provision may be satisfied by a designation
of the county or counties, and a legal description is not required.
(f) A financing statement described in subsection (e) of this section
must be amended in writing within three (3) months, and similarly signed and
filed, to reflect any material changes. In the event such form is not
incorporated within the financing statement, the effectiveness and
continuation of that form is to be treated as if it were a part of the
financing statement with which it is filed.

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