No,9l20ll Movasr.n Pnopnnry Sscuruw llmsRgsts Cap. 14:35 Errors in required infornntion entered innotice 22. (l) An error in the dehor identifier renders the registration of the notice ineffective. (2) An error in the dchor identifier does not rcde r the registratio'n of the ndice ineffective with respect to other debtorr correctly identifed in the registered mtice. (3) Atr error in required information other than the debtor's identifier does not renderttreregistration of the notice ineffectiveunless the errorwouldseriously mistead a reasonable searcher. (4)Anymrorinthe statistical information that maybe prescribedbyregulations does not affect the effectiveness of the registration of the notice. (5) An ernor in the description of the collateral does not render tlrc registration of the notice ineffective with respect to other collateral sufficiently described. (6) An error in the serial number of the serial-nrmrbered collateral renders the registration ineffective as against a buyer s lessee ofthat asset. Transfer af security interest 23. (l) If the secured creditor transfen a security intercst or a part thereof, the secured creditor nray register an amendrnent notice to reflect the transfer. (2) A transfer of a secrnity interest is effective whether or not an amendment notice has been registered. Iwegrity of infomution in tlw Collateral Registry U. (l) The Regisftar may nd amend or delete infonnation contained in any registered notice, and the registation of an amendment m cancellation notice must be effected in $uch a manner as to preserve the infsmation contained in the initial notice. (2) The Resistrar must preserve all the information contained in the records the Collateral Registry and reconstmct it in the event of loss or darmge. (3) The Collateral Registry may rerrove infrrrration in a rcgistered notice ftrom the Register only upon the expiry of the period of effnctiveness of the registration the notice. (4) The Registrar must of rchive information removed from fc ten years in a manner that enables the infumation of the Registry records to be retrieved in accordance with paragraph 21. Collate ral Registry fees 25. The Collateral Registry may charge the prescribed fees for the registration, amendment orcancellation of any notice. SECOND SCHEDI]LE (Setion 7) Lrcer REcnilE PsRrAnltNG no hrrcrgo Movlsrp Pnormrv Sact.tRrrylhrrmEsrs PARTI kgrunrnnv Interpretation in Second Schedule l. In this Schedule- "acquisition security intsrrst'" means a security interest in a tangible asset or intellechral property, which secures the obligation to pay any unpaid 163