Litigation as to whether a system is operating in compliance with the Section.

CFR · 2024-01-01 · US · Title 9

(a) The requirements for a system in subsection (c) are written as the definition of the term “central filing system,” so that failure of a system to meet any such requirement, either at the time of its establishment or later, will mean that it is not a “central filing system” as defined. (b) The issue whether a system, after certification, is operating in compliance, thus whether it is a “central filing system” as defined, could be litigated and ruled on in a case involving only private parties, such as a lender

official document · source cfr-2024 · id 9:§ 205.214