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In all cases, you should file a UCC-1 with the secretary of states office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).
CT Corporations experts will guide you through the complex Washington DC UCC search process from jurisdictional nuances to developing the optimal UCC search and filing strategy for your particular project.
A UCC-1 financing statementalso sometimes referred to as a UCC-1 filing, a UCC lien, or simply a UCC-1is a form that creditors use to create a lien against a debtors property.
When is a UCC-1 filed? UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrowers assets. This motivates lenders to file a UCC-1 as soon as a loan is made.
Amendment means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations. Assignment is an amendment that assigns all or part of a secured partys power to authorize an amendment to a financing statement.
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Security interest filings in Washington, DC are filed with the Recorder of Deeds (ROD). If you have a UCC against real property, better known as a fixture filing, this would be filed in the land records of the ROD, while vast majority are found in the chattel records (yes, DC still uses the word chattel).
DO: Always use the Debtors exact Legal Name and Address. The debtors name should match what is listed on their legal license along with the correct address, or on the most recently filed corporate documents. Include the Lenders Name and Address. Provide a description of the collateral.
UCC documents can be recorded with the DC Office of the Recorder of Deeds.

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