{"id":375,"date":"2022-07-01T19:45:35","date_gmt":"2022-07-01T19:45:35","guid":{"rendered":"https:\/\/halseyweb.com\/AC22\/?page_id=375"},"modified":"2026-03-12T14:17:09","modified_gmt":"2026-03-12T14:17:09","slug":"uniform-commercial-code","status":"publish","type":"page","link":"https:\/\/alleghanycounty-nc.gov\/uniform-commercial-code\/","title":{"rendered":"Uniform Commercial Code"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">A UCC is a security agreement on personal property that is recorded to protect the lender&#8217;s, or secured party&#8217;s, investment. In a security agreement, a loan of money is secured by personal property as collateral, thereby giving the lender rights in the property.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Revised Article 9 of General Statute 25, has been amended to reflect the following important changes, effective July 1, 2001:<\/p>\n\n\n\n<ul class=\"wp-block-list has-medium-font-size\">\n<li>Fixture Filings, Timber, and Minerals to be Extracted are recorded at the county level. There is no longer a separate index for UCCs; they are indexed in the Real Estate index only. Existing UCC files on record will be maintained until June 30, 2008.<\/li>\n\n\n\n<li>All other UCC filings are recorded with the office of the Secretary of State.<\/li>\n\n\n\n<li><a href=\"http:\/\/www.secretary.state.nc.us\/ucc\/\" target=\"_blank\" rel=\"noreferrer noopener\">National UCC Forms<\/a> are available at the Secretary of State&#8217;s web site.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\">There are three primary types of UCC filings as described below:<\/p>\n\n\n\n<p class=\"has-medium-font-size\">UCC-1: Initial Financing Statement<\/p>\n\n\n\n<ol class=\"wp-block-list has-medium-font-size\">\n<li>Must identify Debtor&#8217;s name and address.<\/li>\n\n\n\n<li>Must indicate if Debtor is an individual or an organization.\n<ul class=\"wp-block-list\">\n<li>If identified as an individual, last name of Debtor must be provided.<\/li>\n\n\n\n<li>If identified as an organization, the following information is required:<br>Type of organization.<br>Jurisdiction of organization.<br>Organization ID number or indication the Debtor has none.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Must identify Secured Party&#8217;s name and address.<\/li>\n\n\n\n<li>Description of collateral must be listed.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\">UCC-3: Financing Statement Amendment<\/p>\n\n\n\n<p class=\"has-medium-font-size\">An amendment includes a Continuation, Assignment, Amendment, Termination and Release.<\/p>\n\n\n\n<ol class=\"wp-block-list has-medium-font-size\">\n<li>All Financing Statement Amendments must identify the initial file number (including the year) of the Financing Statement to which it relates.<\/li>\n\n\n\n<li>All Financing Statement Amendments must identify the Financing Statement for which effectiveness has lapsed when applicable.<\/li>\n\n\n\n<li>Continuations must be filed within the six month window prior to lapse.<\/li>\n\n\n\n<li>Assignments must provide a name and a mailing address for the Assignee.<\/li>\n\n\n\n<li>Amendments must indicate whether the new Debtor is an individual or an organization.\n<ul class=\"wp-block-list\">\n<li>If identified as an individual, last name of Debtor must be provided.<\/li>\n\n\n\n<li>If identified as an organization, the following information is required:<br>Type of organization.<br>Jurisdiction of organization.<br>Organization ID number or indication the Debtor has none.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Amendments must also provide a name and mailing address for the new Secured Party.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\">UCC-11: Request of Information of Copies<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The UCC-11 is a request on a particular Debtor(s) that has any valid Financing Statement.<\/p>\n\n\n\n<ol class=\"wp-block-list has-medium-font-size\">\n<li>All requests must identify the Debtor(s) name as requested to be researched.<\/li>\n\n\n\n<li>All requests must indicate if Debtor(s) is an individual or an organization.<\/li>\n\n\n\n<li>All requests must indicate requestor&#8217;s name and address.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>A UCC is a security agreement on personal property that is recorded to protect the lender&#8217;s, or secured party&#8217;s, investment. In a security agreement, a loan of money is secured by personal property as collateral, thereby giving the lender rights in the property. Revised Article 9 of General Statute 25, has been amended to reflect <a class=\"read-more\" href=\"https:\/\/alleghanycounty-nc.gov\/uniform-commercial-code\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-375","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/pages\/375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/comments?post=375"}],"version-history":[{"count":3,"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/pages\/375\/revisions"}],"predecessor-version":[{"id":2782,"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/pages\/375\/revisions\/2782"}],"wp:attachment":[{"href":"https:\/\/alleghanycounty-nc.gov\/wp-json\/wp\/v2\/media?parent=375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}