Asked by: Benton Aronov,Aaron
business and finance bankruptcy

What is a UCC search?

Last Updated: 22nd May, 2021

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UCC filings or liens are legal forms that acreditor files to give notice that it has an interest in thepersonal or business property of a debtor. Essentially, UCClien filings allow a lender to formally lay claim tocollateral that a debtor pledges to secure theirfinancing.

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Subsequently, one may also ask, what does UCC stand for?

Uniform Commercial Code

Beside above, how do I check my UCC filings? Scroll down to "Find Your Secretary of State" andenter the name of the state. Enter yourinformation. The type of information you can use tosearch UCC filings varies among states. In some states, youcan only search using the financial statement numberor the name of the debtor.

Considering this, are UCC filings bad?

No, not really. UCCfilings don't typically affect your trucking company's creditscore or normal business operations. However, if your truckingcompany has a blanket filing in place, it can make itdifficult to get additional financing for equipment, or traditionalbusiness loans.

What is a UCC filing on a business?

A UCC filing on your business is usuallymade to create a lien against property used as collateral.Typically, a UCC filing is required in order to secureprivate financing. Protecting Transactions Across State Lines.Generally, commercial transactions occur across statelines.

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