Where do I file my UCC-1 in Massachusetts?
Secretary of Commonwealth UCC Division One Ashburton Place, Room 1711 Boston, MA 02108-1512. If the record is mailed or delivered, the envelope must clearly identify the type of record enclosed.
What is the UCC-1 form used for?
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.
How do I fill out a UCC-1 form?
How to complete a UCC1 (Step by Step)
- Filer Information. Name and phone number of contact at filer. Email contact at filer.
- Debtor Information. Organization or individual’s name. Mailing address.
- Secured Party Information. Organization or individual’s name. Mailing address.
- Collateral Information. Description of collateral.
Can anyone file a UCC-1?
Article 9 of the Uniform Commercial Code governs secured transactions. It provides a mechanism whereby a secured creditor can perfect its security interest in the debtor’s assets by filing a UCC-1 financing statement. In theory, anyone can file a UCC-1 against anyone else.
Can anyone file a UCC?
What is a UCC lien filing?
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.
How do I get rid of a UCC filing?
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company’s asset (or assets) and remove the UCC-1 filing.
How do I find Uniform Commercial Code information in Massachusetts?
You can find Uniform Commercial Code information on any person or corporation in Massachusetts or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.
How do I find out if someone has a UCC license?
Uniform Commercial Code Search You can find Uniform Commercial Code information on any person or corporation in Massachusetts or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.
How do I subscribe to a ucc3 form?
For information or to subscribe, call (512) 475-2703. Form to be used to amend an initial filing (includes termination, continuation, assignment, amendment (party information), and amendment (collateral change). Form may only be used in conjunction with the UCC3 Form (see instructions on forms).
Are there any legal forms available online in Massachusetts?
The Trial Court Law Libraries have compiled this list of Massachusetts legal forms available online for no charge. “Legal forms” are forms that are not filed in court, such as forms for taxes, contracts, wills and the like. If there are also court forms on a topic, we link to that section of official court forms for your convenience.