Add Required Fields To Legal Rhode Island UCC Forms For Free

In addition to filing with the state, the UCC is filed with the County office that holds the county real estate records for the property. Filings for ownership entities are made in the state where the entity is registered. Filings for individuals are made in the state in which the individual resides.

UCC filings in New Jersey go through the New Jersey Department of the Treasury's Division of Revenue and Enterprise Services. UCC-1 financing statements are submitted to secure debt, and then form UCC-3 is used for amendments to a UCC-secured financing agreement.

Forms must be filed in the office of the Secretary of State within the state where the debtor does business. If the business has locations in multiple jurisdictions or if the business is located on the border, the UCC-1 form can be filed in multiple states.

Revised Article 9 states that the proper place to file a financing statement for a foreign debtor is in the District of Columbia, UNLESS the foreign jurisdiction in which that debtor is located maintains a system to perfect security interests by filing or recordation.

Ask the lender to terminate the lien upon payoff. A good rule of thumb is to request that your lender file a UCC-3 form with your secretary of state as soon as possible after you pay off your loan. The UCC-3 will terminate the lien on your company's assets (or assets) and remove the UCC-1 filing.

Hear this out loud PauseAlthough most financing statements must be filed in the jurisdiction where the debtor is located, this rule does not apply to real estate-related collateral. Fixture filings and filings for "as extracted" collateral and timber to be cut must be filed in the state where the related real estate is located.