Last Updated on January 1, 2022
What is a UCC?
A UCC (Uniform Commercial Code) is a legal form related to security interests in personal property.
More specifically, 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 without first paying off the initial loan.
What information does a UCC search show?
A UCC search in Hawaii will show the name of the debtor and creditor, document type, and filing date.
Why is a UCC needed?
A UCC lien provides the public notice necessary to lenders so they can claim any assets a debtor pledges as collateral.
Where is a UCC filed in Hawaii?
Online with the State of Hawaii Bureau of Conveyances
How much does a UCC search cost in Hawaii?
There is a fee $25 per UCC search request plus $5 for each creditor found. There is an additional fee of $1 per page for copies requested.
How to do a UCC search in Hawaii
Step 1 – Go to the State of Hawaii Bureau of Conveyances website.
Step 2 – Scroll halfway down the page and click on online records under Obtaining Copies of Documents
Step 3 – Create an account or a non-subscriber account
Step 4 – Fill in the appropriate search information
Is a UCC considered a lien?
A UCC statement creates a lien on the collateral as of the date of filing.