Section 12: Procedure for registration of a Financing Statement

(1) A Financing Statement may be registered by or on behalf of a creditor at any time with the consent of the grantor as required under this Act.
(2) A Financing Statement is registered when a unique registration number, date and time are assigned to it by the Collateral Registry.
(3) The Collateral Registry shall, after a Financing Statement has been registered, issue a Confirmation Statement to the Creditor who files the Financing Statement for registration.