How To Do A Minnesota UCC Search

Last Updated on January 8, 2022

What is a UCC?

A UCC, or Uniform Commercial Code, is a legal form that is filed by a creditors to give notice that it has or may have an interest in the personal property of a debtor.

More specifically, a UCC 1 Financing Statement gives lenders a claim on assets a debtor pledges as security interest, such as when an individual obtains a mortgage for real estate. The home is the collateral pledged for the property. With the UCC 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 Minnesota UCC search show?

A filed Minnesota UCC lien will show the debtor name, file number, date, and time, secured party, lapse date.

Also see: How to do a Minnesota business entity search

Why is a UCC needed?

In order to “perfect” a creditor’s security interest by giving public notice that there is a right to take possession of and sell certain assets for repayment of a specific debt with a certain priority.

Where is a UCC filed in Minnesota?

The UCC filing is made on the Minnesota Secretary of State website.

How much does a UCC search cost in Minnesota?

A UCC Limited Standard Search and UCC Standard Search are both $20 per name.

How to do a UCC search in Minnesota

Step 1Go to the Minnesota Secretary of State‘s website

Step 2 – Click on the Menu in the top left corner and then click Business and Liens in the drop down menu.

Step 3 – Under UCC/Tax Liens Online choose whether you would like to Sign In, Create an Account, or Search By File Number and follow the directions provided.