Send Via USPS Legal Oregon Secured Transactions Forms For Free

You can find UCC (Uniform Commercial Code) data yourself on the Secretary of State website for each state. Click on the link and search by a debtor's (buyer's) personal or business name. To view the record, click on the file number. You can do this all day long but it's time consuming.

A UCC search reveals any individuals or entities that have filed a claim against business property or other assets pledged on a loan. The search information includes debtor name and address, original date and number, filing state and date files, secured party's name and address, and document number.

There are two basic ways to perform a search with the Oregon UCC office. You can conduct an uncertified search yourself through our site or request our office to perform a certified search for you for a fee.

What authorization is required to file a financing statement? A secured party must be authorized to file a financing statement against the assets of the debtor. If the debtor is bound by a security agreement, authorization to file a financing statement is implied.

Article 9 of the Uniform Commercial Code (UCC) provides various methods for a secured creditor to repossess collateral after default. The method for obtaining possession depends on the nature of the collateral and, to some extent, how the security interest was perfected.

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 After five years, it is considered lapsed and no longer valid.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 UCC1 filing has lapsed.