(1) The Registrar may (at his or her initiative) register a financing change statement to amend a registration to correct an error or omission made by the Registrar.
(2) If a registration is corrected under subsection (1), this Act applies as if the error or omission had never been made.
Note 1: The Registrar must give a verification statement to each secured party after the registration of a financing change statement (see section 156).
Note 2: Application may be made to the Administrative Review Tribunal for review of the Registrar's decision to register a financing change statement (see section 191).