What is a UCC?

A Uniform Commercial Code or UCC filing allows a creditor to place liens against all or part of an individual’s business’s assets, when collateral is used to secure a loan.

More specifically, a UCC Financing Statement gives lenders a claim on personal property a debtor pledges as security interest, such as when an individual obtains a mortgage for a home. The home is the collateral pledged for the 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 North Carolina UCC search show?

The UCC filing becomes public record and will show the filing date, filing type, lapse date, debtor name and address, secured party name and address.

Also see: How to do a North Carolina UCC search

Why is a UCC needed?

To prevent businesses from using assets to get multiple loans, which ultimately keeps them from overextending themselves.

Where is a UCC filed in North Carolina?

Most UCC filings are done with the North CarolinaSecretary of State’s office, however fixture filings are filed in the County Register of Deeds Office, in the county where the real estate is located

How much does a UCC search cost in North Carolina?

There is no cost to run a North Carolina UCC search.

How to do a UCC search in North Carolina

Step 1 – Go to the North Carolina Secretary of State’s website

Step 2 – Click on I Want To… at the top of the screen and then click on Search for a UCC in the drop down menu.

Step 3 – Select the kind of search you would like to conduct and fill in the appropriate information before clicking Search.