What is a UCC?

A Uniform Commercial Code, or UCC, is a legal form which a lender may place on certain assets of a debtor.

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 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?

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

Also see: How to do a Missouri business entity search

Why is a UCC needed?

For creditors to notify debtors that they have a security interest in their personal or business assets

Where is a UCC filed in Missouri?

Most UCC filings are done with the Missouri Secretary of State’s office, however real estate filings are filed in the County Recorders Office of the County Clerk, in the county where the real estate is located.