2025 Printable Template
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Form last updated: 03/2024. Please verify this is the current version before use.
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What is a UCC-1 used for?
The UCC-1 form, or Uniform Commercial Code-1 Financing Statement, is used to provide public notice of a secured party's interest in the personal property of a debtor. It is filed to protect the lender's rights in the collateral in the event of borrower default.
Who needs to fill out a UCC-1 form
Secured parties, typically lenders, involved in transactions using personal property as collateral must file this form.
How to fill out a UCC-1 online?
Follow these steps to complete your UCC-1 form online.
Frequently Asked Questions
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It establishes a public record of a secured party's interest in a debtor's collateral and prioritizes claims in case of default.
Secured parties, such as lenders, who have an interest in personal property used as collateral must file this form.
It is not required for transactions that do not involve secured interests in personal property.
Typically, it remains valid for five years unless continued or terminated earlier.
