What is a UCC?

A UCC, or Uniform Commercial Code, is a legal document that a creditor files to give notice that it has or might have an interest in the personal or business property of a debtor.

For instance, when an individual obtains a mortgage for a home, the lender uses the borrower’s personal property as collateral to secure property. With the UCC Financing Statement filed, the homeowner can’t take out another loan on the home without first paying off the initial loan.

What information does a Vermont UCC search show?

The UCC record is public record and will show the financial statement number, filing date, lapse date, display name, filing type, name and address of the debtor, name and address of the secured party.

Also see: How to do a Vermont UCC search

Why is a UCC needed?

A UCC lien facilitates secure transactions and gives public notice that an entity, lender, or creditor such as a financial institution has a security interest in the collateral or real property being used by the debtor.

Where is a UCC filed in Vermont?

Most UCC filings are done with the Vermont Secretary of State’s office, however, land records are filed in the Town or City Clerk’s Office in the county where the real estate is located

How much does a UCC search cost in Vermont?

Use of the UCC search database is free for public searches. A certified search is $20 per debtor.

How to do a UCC search in Vermont

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

Step 2 – Click on the three lines in the top left corner of the page and click on Business Services in the drop down menu.

Step 3 – Scroll down towards the bottom of the page and click on UCC Lien Services.

Step 4 – Scroll halfway down the page. For an uncertified search, click on UCC Lien Search highlighted in blue under UCC-11 Information Request. For a certified search, click on Login to File a UCC-11 Information Request, highlighted in blue.