What is a UCC?

A UCC is a legal form filed by a creditor to give notice that it has or might have an interest in the personal or business property of a debtor.

The Uniform Commercial Code (UCC) applies to any transaction intended to create a security interest in personal property. This interest can be viewed as a lien on personal property. Some examples of a security interest include buying furniture and financing it through a finance company, using furniture or a boat or the accounts receivable of a business as collateral for a loan.

What information does a Virginia UCC search show?

A UCC 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 Virginia business entity search

Why is a UCC needed?

A UCC Financing Statement is used by a lender to gain security in a debtors personal or business property and to be protected in case of default on a loan.

Where is a UCC filed in Virginia?

Most UCC filings are done with the Virginia State Corporation Commission, however, real estate filings are filed in the County Recording Office of the County Clerk, in the county where the real estate is located

How much does a UCC search cost in Virginia?

A noncertified UCC record search is $7. A certified copy is an additional $6 fee.

How to do a UCC search in Virginia

Step 1 – Go to the Virginia State Corporation Commission website

Step 2 – Scroll down the page and click on UCC Filings under Businesses.

Step 3 – Scroll to the bottom of the page and click on UCC/Tax Lien Searches, Copies & Certifications.

Step 4 – Click on Clerk’s Information System (CIS) highlighted in blue if you would like to conduct an unofficial search. For an official search, click on CIS highlighted in blue in the third paragraph, or click on Information Request Form (UCC11), also highlighted in blue for a paper copy of the search request form.