Last Updated on January 8, 2022
What is a UCC?
A Uniform Commercial Code, or UCC for short, is a legal document that a creditor files to give notice that it has a security interest in the personal or business property 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 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 becomes public record and will show the debtor name, file number, date, and time, secured party, lapse date.
Why is a UCC needed?
To protect the interests of the lender in the case of borrower default or bankruptcy, in which case those business assets would be foreclosed on, seized, or sold off to pay back the lender.
Where is a UCC filed in Nebraska?
Most UCC filings are done with the Nebraska Secretary of State’s office, however real property filings are filed in the Register of Deeds Office of the County Clerk, in the county where the real estate is located
How much does a UCC search cost in Nebraska?
A Name Search is $4.50 per name. A UCC Original Document Search is free.
How to do a UCC search in Nebraska
Step 1 – Go to the Nebraska Secretary of States website
Step 2 – Scroll halfway down the page and click on Business Services and click on UCC/EFS Online Search
Step 3 – Click on Nebraska.gov subscriber highlighted in blue to create an account.
If you already have an account, click on the type of search you would like to conduct, log in, and follow the directions provided