The bill addresses unauthorized filings under the Uniform Commercial Code (UCC) by amending existing laws and introducing new provisions. It establishes that no person may file a record unless they are authorized, the record pertains to a legitimate transaction, and it is not intended to harass or defraud the debtor. Violations of these provisions can result in penalties, with a first offense classified as a gross misdemeanor and subsequent offenses as a class C felony. Additionally, the bill amends RCW 62A.9A-510 to clarify that a filed record is only effective if filed by an authorized person or the filing office itself.

New sections added to the law outline the process for terminating wrongfully filed financing statements. A debtor can submit a notarized affidavit to the filing office claiming that a record was filed without authorization and with malicious intent. The filing office is required to file a termination statement within 30 days of receiving the affidavit, and no fees will be charged for this process. The bill also includes provisions for administrative reviews and actions for reinstatement of financing statements, ensuring that secured parties have a mechanism to contest wrongful filings. Furthermore, it specifies that records initially refused by the filing office may later be accepted and treated as effective if additional information is provided.