Release of Security Interest; Duties of Filing Officer; Fees

(1)A secured party of record may by a writing release his security interest in all or a part of the collateral covered by a filed financing statement. A statement of release is sufficient if it is signed by the secured party of record, contains a statement describing the collateral being released, the name and address of the debtor, and the file number of the original financing statement.

(2)The filing officer shall mark each such statement with the date and time of filing and index the same under the name of the debtor and under the file number of the original financing statement. COL070307 DIV. 9 SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER

(3)The uniform fee for filing, indexing and furnishing filing data (subdivision 1 of §9407) for a statement of release shall be Ten Dollars ($10.00).