Last Updated on December 27, 2021
What is a UCC?
A Uniform Commercial Code (UCC) is a lien that is registered by a lender when a loan is taken out against an asset. The lien also creates a public record of the lender’s interest in the asset or assets.
Most commonly, a Connecticut UCC searches enable you to find this record and identify any mortgages filed against the property or other UCC filings.
What information does a UCC search show?
Lien type, filing type, filing date, IRS number, filing number, lapse date, debtor(s) name and address, secured party name and address.
Why is a UCC needed?
A UCC-1 Initial Financing Statement gives lenders a claim on assets 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.
Where is a UCC filed in Connecticut?
A UCC is filed on the Lien Records Search Database on ct.gov
Liens remain in place until the borrower pays off the first loan.
How much does a UCC search cost in Connecticut?
There is no fee to search on the Connecticut Secretary of State’s website,
How to do a UCC search in Connecticut
Step 1 – Go to the website business.ct.gov.
Step 2 – Scroll over “All business services” at the top of the screen and under “Business Search”, click on “UCC lien search”.
Step 3 – Fill in the appropriate information and click Search.