Where do I file UCC-1 in NY?
By Mail: send the completed form with the processing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
Where should UCC financing statements be filed?
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).
How do I find UCC filings in New York?
You can find Uniform Commercial Code information on any person or corporation in New York 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.
When did New York adopt UCC?
After years of failing to revise its Uniform Commercial Code (UCC), New York finally adopted modern versions of UCC Articles 1, 7 and 9 in a bill signed by Gov. Andrew M. Cuomo in late December 2014.
What is a UCC filing in New York?
What is a UCC-1? A UCC-1 is a “financing statement” filed to provide notice that a creditor has a security interest in a debtor’s personal property. It is not an agreement. It is a notice d that one person claims an interest in someone else’s property, usually as collateral for a debt.
When should a UCC be filed?
UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrower’s assets. This motivates lenders to file a UCC-1 as soon as a loan is made.
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.
How long is a UCC good for in NY?
(a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), (g), and (h), a filed financing statement is effective for a period of five years after the date of filing.
Where can I find UCC Records in Tennessee?
Online access to over one million UCC records. Search by debtor name or UCC document number to obtain information on UCC1 Financing Statements maintained by the Division of Business Services. Download the Tennessee UCC database. Download image files for all UCC documents recently scanned by the Secretary of State’s office.
How do I file a new UCC financing statement?
As of December 12, 2021 we have processed all UCC documents received in our office through December 08, 2021. Use the online wizard to generate a new financing statement. You may file the financing statement online if payment is made using a credit/debit card or e-check, or you may print the financing statement to mail in with a check.
What does not applicable mean under New York State Uniform Commercial Code?
Certain space (s) for information not applicable under Article 9 of the New York State Uniform Commercial Code have been completed as “Not Applicable.” NOTICE: UCC documents filed with the Department of State are public records that are subject to disclosure under the Uniform Commercial Code.