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This section, entitled «Claim Concerning Inaccurate or Wrongfully Filed Record», provides a non judicial means for a debtor to correct a UCC record that was inaccurate or wrongfully filed. The form for taking action under this section is the UCC 5 form, which has traditionally been known as a «Correction Statement» but will be known as an «Information Statement» when the pending UCC Article 9 amendments take effect in the next couple of years. Originally, the correction statement was intended to provide a debtor with a means to address a financing statement, filed against the debtor, that was wrongfully filed or contained inaccurate information.

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