Last Updated on January 1, 2022
What is a UCC?
A UCC filing (Uniform Commercial Code) is a document related to security interests in personal property. Formally referred to as a UCC-1 Initial Financing Statement, this is a lien that gives lenders a claim on assets a debtor pledges as security interest, such as when an individual obtains a mortgage for real estate. The home’s deed is the collateral pledged for the property. With the UCC-1 filed, the homeowner can’t take out another loan on the home.
What information does a UCC search show?
The document number, name of the debtor, name of the secured party, legal description of the collateral, type of document, amount of the lien, record number, date of execution, and lapse date.
Why is a UCC needed?
A UCC is used to inform debtors and creditors of outstanding security interests in real property, such as real estate, fixtures, equipment, and other assets.
Where is a UCC Financing Statement filed in Georgia?
Unlike most states where UCC filings are made with the Secretary of State, UCC filings are done locally through the Georgia Superior Court Clerks’ Cooperative Authority (GSCCCA)
How much does a UCC search cost in Georgia?
Searchers must create an account to conduct a search. Limited use accounts are free and allow searchers to view an index of UCC filings and summary information for each instrument. A Single Use account has a one time activation fee of $5 and gives users 4 hours to complete their search. A Regular Account is $11.95 per month per user and allows full searches of the online files. A Premium Account is $24.95 per month per user.
There is a $10 filing fee per debtor name for a certified UCC search.
How to do a UCC search in Georgia
Step 1 – Go to the Georgia Superior Court Clerks’ Cooperative Authority website and click Search on the home page.
Step 2 – Click UCC Index or Premium Search
Step 3 – Choose the kind of search you would like to conduct and fill in the appropriate information.
How long does a UCC last in Georgia
A UCC-1 Financing Statement filed in Georgia remains valid for a period of five years from the date of filing.
What is a UCC?
A UCC filing (Uniform Commercial Code) is a document related to security interests in personal property. Formally referred to as a UCC-1 Initial Financing Statement, this is a lien that gives lenders a claim on assets a debtor pledges as security interest, such as when an individual obtains a mortgage for real estate. The home’s deed is the collateral pledged for the property. With the UCC-1 filed, the homeowner can’t take out another loan on the home.
What information does a UCC search show?
The document number, name of the debtor, name of the secured party, legal description of the collateral, type of document, amount of the lien, record number, date of execution, and lapse date.
Also see: How to do a business entity search in Georgia
Why is a UCC needed?
A UCC is used to inform debtors and creditors of outstanding security interests in real property, such as real estate, fixtures, equipment, and other assets.
Where is a UCC Financing Statement filed in Georgia?
Unlike most states where UCC filings are made with the Secretary of State, UCC filings are done locally through the Georgia Superior Court Clerks’ Cooperative Authority (GSCCCA)
How much does a UCC search cost in Georgia?
Searchers must create an account to conduct a search. Limited use accounts are free and allow searchers to view an index of UCC filings and summary information for each instrument. A Single Use account has a one time activation fee of $5 and gives users 4 hours to complete their search. A Regular Account is $11.95 per month per user and allows full searches of the online files. A Premium Account is $24.95 per month per user.
There is a $10 filing fee per debtor name for a certified UCC search.
How to do a UCC search in Georgia
Step 1 – Go to the Georgia Superior Court Clerks’ Cooperative Authority website and click Search on the home page.
Step 2 – Click UCC Index or Premium Search
Step 3 – Choose the kind of search you would like to conduct and fill in the appropriate information.
How long does a UCC last in Georgia
A UCC-1 Financing Statement filed in Georgia remains valid for a period of five years from the date of filing.