What is a UCC?

A UCC, which is short for Uniform Commercial Code, covers personal property used as collateral by a debtor to secure a loan.

For instance, when an individual obtains a mortgage for a home, the lender (financial institutions, credit unions, banks, etc.) uses the borrower’s personal property as collateral to secure property. With the UCC Initial Financing Statement 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?

Debtor name, file number, time and date of filing, name of the secured entity, lapse date.

Also see: How to do a Maine business entity search

Why is a UCC needed?

To act as public notice by the creditor of the creditors interest in the property.

Where is a UCC filed in Maine?

UCC liens are filed with the Maine Department of the Secretary of State’s office.

How much does a UCC search cost in Maine?

An unofficial debtor search is a free service. The filing fee for a certified debtor search is $12

How to do a UCC search in Maine

Step 1 – Go to the Maine Department of Secretary of State’, Bureau of Corporations, Elections & Commissions website to start an online UCC search.

Step 2 – Click on Corporations, Elections & Commissions at the top of the page.

Step 3 – Click on Uniform Commercial Code on the left side of the page and then click on UCC Search

Step 4 – Click on UCC Interactive Search highlighted in blue

Step 5 – Select a payment option and click Search Now at the bottom of the page