Ohio UCC1 Financing Statement
Description Ohio Ucc 1 Form
How to fill out What Is Ohio Ucc Statement Request Form?
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Ucc Filing Form popularity
Ohio Ucc Search Other Form Names
State Of Ohio Ucc Search FAQ
After receiving your request, the lender has 20 days to terminate the UCC filing.
The notices of the UCC lien filing are public record and often published in the local newspapers, giving notice of the lien. The UCC filing is active for five years, which means that a lender needs to renew the filing to keep interests protected for loan terms extending longer than five years.
The financing statement is generally filed with the office of the state secretary of state, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization.
UCC liens filed with Secretary of State offices act as a public notice by the "creditor" of the creditor's interest in the property.
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).
UCC-1 Financing Statements are commonly referred to as simply UCC-1 filings. UCC-1 filings are used by lenders to announce their rights to collateral or liens on secured loans and are usually filed by lenders with your state's secretary of state office when a loan is first originated.
Enter your information. The type of information you can use to search UCC filings varies among states. Retrieve your results. The website will return results based on the information you entered. Record financial statement numbers.
A UCC-1 filing is good for five years. After five years, it is considered lapsed and no longer valid.
You can always check the status of UCC filings against your business through your business credit report or searching UCC lien public records.