(1) Where the identifier of the grantor entered in an initial notice or an amendment notice is incorrect or changes, the initial notice or amendment notice is ineffective, unless the information in the initial notice or amendment notice is retrievable by a search of the Register using the correct identifier of the grantor.
(2) An error in the identifier of the grantor that results in the initial notice or amendment notice being ineffective with respect to that grantor under subsection (1) does not result in the notice being ineffective with respect to other grantors correctly identified in the initial notice or amendment notice.
(3) An error in the information required to be entered in an initial notice or amendment notice, other than the identifier of the grantor, does not result in the initial notice or amendment notice being ineffective unless the error seriously misleads a person conducting a search.
(4) An error in the description of an encumbered property that results in the initial notice or amendment notice being ineffective with respect to the property under subsection (3) does not result in the initial notice or amendment notice being ineffective with respect to other encumbered properties sufficiently described in the initial notice or amendment notice.
(5) An error in the prescribed statistical information does not affect the effectiveness of a registered notice.