How do I find my UCC filings in NY?
You can find Uniform Commercial Code information on any person or corporation in New York or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.
Does NY follow the UCC?
New York State’s Uniform Commercial Code (“UCC”) guides the sale of commercial business transactions, including the sale of goods between parties. Article 9 of the UCC governs transactions that combine a debt with a creditor’s interest in a debtor’s personal property.
How do I pull a UCC filing?
To get copies of UCC filings, you must complete the official UCC-11 information request form. You can typically download this form from the website of the state’s secretary of state. Some state forms include state-specific instructions, so make sure you have the correct form for the state where the filing was made.
What is a UCC filing NY?
UCC is short for Uniform Commercial Code. A UCC-1 financing statement is filed to protect a secured party’s interest in the collateral offered by a debtor for a loan. The UCC system gives the public notice of the debtor-secured party relationship and the collateral involved.
How do I remove a UCC file in NY?
To do so you will generally need to make a trip in person down to your secretary of state’s office. Once there, you will be able to swear under oath that you’ve satisfied the debt in full and wish to request for the UCC-1 filing to be removed.
Did NY adopt the UCC?
After years of failing to revise its Uniform Commercial Code (UCC), New York finally adopted modern versions of UCC Articles 1, 7 and 9 in a bill signed by Gov. Andrew M. Cuomo in late December 2014. See 2014 Sess.
When was the UCC adopted in New York?
December 17, 2014
The changes provide modernization but with some nonuniform provisions. On December 17, 2014, New York Governor Andrew Cuomo signed into law New York Assembly Bill 9933, which amends the Uniform Commercial Code (the UCC) of the State of New York.
Do UCC filings expire?
How long does a UCC filing last? A UCC-1 filing is good for five years. After five years, it is considered lapsed and no longer valid. Should your debtor remain in debt to you and encounter financial difficulty or file for bankruptcy, you have no secured interest if your UCC-1 filing has lapsed.