Where do I file a UCC in Washington state?
Mailing address: PO Box 9660 • Olympia, WA 98507-9660.
How do I terminate a UCC filing?
A UCC-3 termination statement (a “Termination”) is a required filing that terminates a security interest that has been perfected by a UCC-1 filing. A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State’s office in the appropriate state.
What are UCC filings?
Uniform Commercial Code (UCC) filings allow creditors to notify other creditors about a debtor’s assets used as collateral for a secured transaction. UCC liens filed with Secretary of State offices act as a public notice by the “creditor” of the creditor’s interest in the property.
What is UCC 11?
UCC-11 Information Request (California) Form. This is a California form and can be use in Uniform Commercial Code Secretary Of State.
Does Washington follow the UCC?
In 2011, the state of Washington adopted amendments to its UCC. These amendments become effective on July 1, 2013.
What is a UCC 2 form?
UCC2 means the second unsecured claim certificate (which should be read together with the UCC2 Explanatory Note) available on the LBIE Client Information Portal from 15 June 2016 in respect of the Identified Eligible Admitted Claim, setting out, among other things, the Identified Eligible Admitted Claim Value and the …
What happens if a UCC lapses?
A UCC1 financing statement is effective for a period of five years. A record that is not continued before its lapse date will cease to be effective, costing the secured party their perfected status and perhaps their priority position to collect. Once a financing statement has lapsed, it cannot be revived.
Why would someone have a UCC filing?
A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor’s personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
What is the difference between a UCC-1 and a UCC 3?
A UCC3 is a change statement to a UCC1. It’s an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It’s a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.
Do all states follow the UCC?
Every U.S. state and the District of Columbia have adopted at least part of the UCC (though it has not been adopted as federal law). Each jurisdiction, however, may make its own modifications (Louisiana has never adopted Article 2), and may organize its version of the UCC differently.
Has Washington state adopted the UCC?
Has Washington adopted the UCC?
UCC Article 7 (2003) has been adopted in 50 jurisdictions: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi.
Can you continue an expired UCC?
How many years is a UCC good for?
How long does a UCC filing last? A UCC-1 filing is good for five years. After five years, it is considered lapsed and no longer valid. Should your debtor remain in debt to you and encounter financial difficulty or file for bankruptcy, you have no secured interest if your UCC-1 filing has lapsed.
What state should a UCC be filed in?
In all cases, you should file a UCC-1 with the secretary of state’s office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).