Last Updated on January 8, 2022
What is a UCC?
UCC is short for Uniform Commercial Code, which is a legal document that indicates a commercial transaction between a debtor and creditor.
For instance, when an individual obtains a mortgage for a home, the lender uses the borrower’s real property as collateral to secure property. With the UCC-1 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 Financing Statement shops the Certificate Number, Debtor (s) Name and Address, Secured Party (s) Name and Address, Filing Number, Filing Date, Maturity Date, Filing History.
Why is a UCC needed?
A UCC lien is needed in order to protect a secured party’s interest in the collateral offered by a debtor for a loan
Where is a UCC filed in New Jersey?
Most UCC filings are done with the New Jersey Department of the Treasury’s Division of Revenue and Enterprise Service office, however real estate filings are filed in the County Clerk’s Office, in the county where the real estate is located
Each UCC filing is recorded with the
How much does a UCC search cost in New Jersey?
There is no fee to run a non-certified New Jersey UCC. A certified UCC search is $30
How to do a UCC search in New Jersey
Step 1 – Go to the New Jersey Department of the Treasury website
Step 2 – Click on Divisions / Agencies and then click on Revenue and Enterprise Services in the drop down menu.
Step 3 – Click on Uniform Commercial Code at the top of the page.
Step 4 – Choose which type of search you would like to conduct; Certified, Non Certified, or Bulk Data.