North dakota lien form 2025

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Simply having a UCC lien is not bad for your business it serves as an official notice to other creditors that your lender has a security interest in one or all of your assets.
A creditor with a UCC lien against your assets could go after things like cash from your bank account, your car or personal property, and any assets in the UCC-1 filing. States place rules to protect equity of your home, a personal vehicle, retirement funds, and business equipment.
The cost to file a lien varies from state to state, from $5 to $345. If you hire a lawyer privately, the process can run into the thousands, which is why a LegalShield membership makes so much more sense.
UCC Lien - Initial Financing Statement A lien against goods used or bought for commercial purposes. Fees: Initial Filing - $40. Amendment - $40.
The type of information required on the lien also varies from state to state, but typically includes your name and address, the name and address of your client, the amount of money you are owed, a description of the type of work or services you performed, and the location of the property.
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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.
North Dakota is generally considered a tax deed state.

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