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Oregon ucc financing 2025

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The document is a standard form for filing a Farm Products Financing Statement in Oregon, as per ORS Chapter 80. It outlines the necessary information required from debtors and secured parties, including names, addresses, and product codes related to farm products. The statement remains effective for five years and includes instructions on filing fees and procedures.

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Click ‘Get Form’ to open the Oregon UCC Financing Statement in the editor.
Begin by entering the Debtor Name(s) in Section A. Choose whether the debtor is an individual or a business, and ensure you use their legal name as required by ORS Chapter 79.0503.
In Section B, provide the Secured Party(ies) Name and Address. This identifies who holds the security interest.
If applicable, fill out Section C with the Assignee Name and Address. This is necessary if there’s an assignee involved in the financing.
Complete Section D by selecting the appropriate Farm Product Code from the provided list, ensuring it corresponds to your product type.
Finally, review all entries for accuracy before submitting your form. Remember to include payment details for filing fees as specified.

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What is Oregon UCC?

UCC - Commercial transactions (Public notice of a security interest in a debtors personal property held by a creditor, establishes priority position in event of debtor bankruptcy).

What is needed to file an UCC?

Legal requirements for the UCC-1 In order for a UCC-1 to hold weight in a legal proceeding, it must include the exact legal name of the debtor, the collateral included in the lien, and the name of the secured party. When listing collateral, the law doesnt require a detailed description.

How much does an UCC filing cost?

However, in general, most charge a nominal fee in the range of $10 to $25 per filing. Many states and counties assess a separate filing fee for each debtor on a filing as well. In other words, you may have one filing, but five different debtors listed on the form.

Can I file an UCC myself?

A UCC-1 financing statement is typically filed by a creditor to secure an interest in a debtors assetsit is not something a person files on themselves. If your goal is asset protection, there are other legal mechanisms that might be more effective, such as trusts, LLCs, or other financial structures.

Has Oregon adopted the UCC?

The uniform laws on commercial transactions developed and promoted by the Uniform Law Commission, and adopted by Oregon in the Oregon Revised Statutes, Chapters 71-79.

ucc in oregon

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How much does it cost to file a UCC in Oregon?

Filing Fees: Standard filing fee is $10 per debtor for online filings and $20 per debtor for paper filings, though fees are subject to change. Duration: UCC filings in Oregon are effective for five years from the filing date unless continued.

Why did I receive an UCC financing statement?

A UCC-1 financing statement is a public notice filed to secure a creditors interest in collateral. Receiving a request to file or pay a fee often relates to maintaining or amending this filing, not a court summons. The secured party listed is typically the creditor or their agent.