How do I file a UCC financing statement in Indiana?

How do I file a UCC financing statement in Indiana?

The place to file a UCC document is listed in I.C. 26-1-9.1-501. If you are unsure of the appropriate place to file, you should seek legal counsel. To record a new UCC with our office, fill out and submit the UCC Financing Statement form.

Where do I file a UCC in Indiana?

County Recorders

Secretary of State UCC Filing Office Contacts and Links
Indiana online searching
Phone: 317-232-3984 Fax: 317-233-3387 Indiana County Recorders 61 of 92 online Mailing Address Indiana Secretary of State Business Services Division UCC Section 302 West Washington Street Room E-018 Indianapolis, IN 46204 QuickLists

Can you file UCC 1 online?

With the UCC Online portal, starting an initial filing or amendment against an initial filing is simple. And if you need to stop and come back later while filing, you can save your progress to pick up where you left off.

How long is a UCC filing good for in Indiana?

(a) [Five-year effectiveness.] Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five years after the date of filing.

Can you file a UCC on yourself?

If you ever find yourself in that frustrating situation, the answer is: Yes, you can — providing there is no existing obligation to the lender. This is provided for in Section 9-513 of the Uniform Commercial Code. First, the debtor must send an authenticated demand to the secured party.

How do I fill out a UCC form?

How to complete a UCC1 (Step by Step)

  1. Filer Information. Name and phone number of contact at filer. Email contact at filer.
  2. Debtor Information. Organization or individual’s name. Mailing address.
  3. Secured Party Information. Organization or individual’s name. Mailing address.
  4. Collateral Information. Description of collateral.

How do I fill out a UCC-1 form?

How do I record UCC?

UCC records may be submitted directly to the Secretary of State’s office using the UCC information management system which can be accessed through the Secretary of State’s website.

Can anyone file a UCC?

In theory, anyone can file a UCC-1 against anyone else. To protect both secured creditors and debtors, Article 9 has strict requirements that must be met for a filed UCC-1 to be effective. One of those requirements is that the financing statement must be authorized by the debtor.

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 long is a UCC lien good for?

five years
How long does a UCC filing last? A UCC-1 filing is good for five years. After five years, it is considered lapsed and no longer valid. Should your debtor remain in debt to you and encounter financial difficulty or file for bankruptcy, you have no secured interest if your UCC-1 filing has lapsed.

What is the difference between a UCC and a lien?

A UCC filing creates a lien against the collateral a borrower pledges for a business loan. The uniform commercial code is a set of rules governing commercial transactions. When a business owner receives financing secured by collateral, a lender can file a UCC lien against the assets pledged by the business owner.