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State Form 50181 (R2 5-13)

State Form 50181 (R2 5-13) 2025

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The document is a UCC Financing Statement form (State Form 50181) used for filing security interests in personal property. It includes sections for debtor and secured party information, collateral description, and optional details for acknowledgment and additional parties. The instructions emphasize the importance of accurate name entry and provide guidance on completing the form to avoid legal issues.

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What are UCC 3 filings?

A UCC-3 is used as a way to amend that original lien filing and do things like terminate the UCC, edit any of the details of the lien, or assign your interests to another secured party for the lien.

Where do you file an UCC fixture filing?

Correct filing location: File the fixture filing in the real property records of the county where the real estate is located and, if the collateral includes both personal property and fixtures, also in the central UCC filing office where the debtor is located (as per UCC Article 9s definition of debtor location).

Where should you file a UCC?

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).

What is the purpose of the UCC-1 financing statement?

A UCC financing statement also called a UCC-1 financing statement or a UCC-1 filing is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.

Do UCC fixture filings need to be continued?

The secured party does have to continue fixture filings every five years. Now a record of mortgage has different rules that apply. It is effective until its released, satisfied, or ceases to be effective under its own terms, and thats because its effectiveness is determined under real estate law, not the UCC.

Why would someone have an UCC filing?

A Uniform Commercial Code filing, also known as a UCC filing or UCC-1 financing statement, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrowers collateral in the case of default.

State Form 50181 (R2 5-13) 2025

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