Fees

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  • (a) Initial financing statement or other record. Except as otherwise provided in subsection (e), fees for services rendered by the filing office under this Part must be set by rules adopted by the Lieutenant Governor pursuant to Title 3, Chapter 35, Virgin Islands Code. The rules must set the fees for filing and indexing a record under this Part on the following basis:

    • (1) if a record presented for filing is communicated to the filing office in writing and consists of more than two pages, the fee for filing and indexing the record must be at least twice the amount of the fee for a record communicated in writing that consists of one or two pages; and

    • (2) if the record is communicated by another medium authorized by filing office rule, the fee for filing and indexing the record must be no more than half the amount of the fee for a record communicated in writing that consists of one or two pages.

  • (b) Intentionally omitted.

  • (c) Number of names. The number of names required to be indexed does not affect the amount of the fee in subsections (a).

  • (d) Response to information request. The rule adopted pursuant to subsection (a) must set the fee for responding to a request for information from the filing office, including communicating whether there is on file any financing statement naming a particular debtor. In no event may the fee for responding to a request for information for a particular debtor exceed $10.00. A fee for responding to a request communicated in writing must be not less than twice the amount of the fee for responding to a request communicated by another medium authorized by filing office rule.

  • (e) 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 § 9–502(c). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.


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