Last Updated on January 2, 2022
What is a UCC?
A UCC, which is short for Uniform Commercial Code, is a notice that a lender files with the government when they have secured a loan or financing with a debtor’s assets.
For instance, when an individual obtains a mortgage for a home, the lender uses the borrower’s personal property as collateral to secure property. With the UCC-1f filed, the homeowner can’t take out another loan on the home without first paying off the initial loan.
What information does a UCC search show?
The UCC filing search will show the debtor name and address, secured party name and address, filing date, filing number, filing type.
Why is a UCC needed?
To protect lenders and creditors in allowing them to register a lien
Where is a UCC filed in Louisiana?
Louisiana is unique compared to other states as they adopted a statewide notification system that replaced Louisiana’s chattel mortgage laws. Instead of filing with the Louisiana Secretary of State, Uniform Commercial Code filings are recorded through any of the 64 parish filing offices.
How much does a UCC search cost in Louisiana?
The fee to do a UCC lien search in Louisiana is $30 per debtor name or $400 for a subscription to the Louisiana UCC database providing unlimited searches.
How to do a UCC search in Louisiana
Step 1 – Go to the Louisiana Secretary of State’s website
Step 2 – Click on Business Services at the top of the page and then click on Uniform Commercial Code in the drop down menu
Step 3 – Click on Uniform Commercial Code and then How to Search for Financing Statements on the left side of the page
Step 4 – Click on “Clerk of the Court” or “application form” highlighted in blue to be taken to directions for requesting a search or the application for a subscription.