A UCC is a security agreement on personal property that is recorded to protect the lender’s, or secured party’s, investment. In a security agreement, a loan of money is secured by personal property as collateral, thereby giving the lender rights in the property. |
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Revised Article 9 of General Statute 25, has been amended to reflect the following important changes, effective July 1,2001: |
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Fixture Filings are recorded at the county level. There is no longer a separate index for UCCS; they are indexed in the Real Estate index only. Existing UCC files on record will be maintained until June 30, 2008. |
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All other UCC filings are recorded with the office of the Secretary of State. |
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National UCC forms are available at the Secretary of State’s website |
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There are three primary types of UCC filings as described below: |
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UCC-1: Initial Financing Statement |
1. |
Must identify Debtor’s name and address |
2. |
Must indicate if Debtor is an individual or an organization. |
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a. |
If identified as an individual, last name of Debtor must be provided. |
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b. |
If identified as an organization, the following information is required: |
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Type of organization |
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Jurisdiction of organization |
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Organization ID number or indication the Debtor has none |
3. |
Must identify secured party’s name and address |
4. |
Description of Collateral must be listed. |
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UCC-3: Financing Statement Amendment |
An amendment includes a Continuation, Assignment, Amendment, Termination and Release. |
1. |
All financing statement Amendments must identify the initial file number (including the year) of the financing statement to which it relates. |
2. |
All financing statement Amendments must identify the financing statement for which effectiveness has lapsed when applicable. |
3. |
Continuations must be filed within the six month window prior to lapse. |
4. |
Assignments must provide a name and a mailing address for the assignee. |
5. |
Amendments must indicate whether the new Debtor is an individual or an organization. |
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a. |
If identified as an individual, last name of Debtor must be provided. |
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b. |
If identified as an organization, the following information is required: |
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Type of organization |
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Jurisdiction of organization |
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Organization ID number or indication the Debtor has none |
6. |
Amendments must also provide a name and mailing address for the new secured party. |
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UCC-11: Request for Information or Copies |
The UCC-11 is a request on a particular debtor(s) that has any valid financing statements. |
1. |
All requests must identify the debtor(s) name as requested to be researched. |
2. |
Must indicate if debtor is an organization or individual. |
3. |
Must indicate requestor’s name and address. |
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UCC Fees |
UCC-1 and UCC-3 Amendment |
$38.00 |
1-2 pages |
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$45.00 |
3-10 pages |
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$2.00 |
each additional over 10 pages |
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UCC-11 Request |
$30.00 |
per debtor name |
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UCC Copy |
$1.00 |
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Checks should be made payable to: Robeson County Register of Deeds. |