Complete Legal Indiana Secured Transactions Forms For Free

Fill in the debtor's name and mailing address. It may be an individual, or it may be in the name of a business or organization. If the loan is in the name of the business, include the business mailing address. There is space for additional debtors. Include them exactly as they appeared on the loan agreement.

UCC filings are available on INBiz to verified users- these are individuals who previously had in.gov subscriber accounts. To file a UCC lien on INBiz, please log into your INBiz account and click Online Services. Under the UCC section, select your desired filing type. Was this article helpful?

Beginning July 1, 2001, all financing statements that deal with personal property are to be filed with the Indiana Secretary of States Office. Only UCC's attached to the land, Fixture Filings, are to be recorded in the local Recorder's Office.

An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.

NOTICE: Following an opinion issued by the Indiana Attorney General, effective January 1, 2021, UCC Recording fees are $35.00 including Financing Statements, Amendments, and Information Requests regardless of page count. UCC's will receive the same instrument number format as all other recorded documents.

A UCC filing is the official notice lenders use to indicate that they have a security interest in a borrower's assets or property. The UCC filing establishes a lien against the collateral the borrower uses to secure the loan ? giving the lender the right to claim that collateral as repayment in the case of default.