Top 5 Reasons for Rejecting Uniform Commercial Code Filings

Top 5 Reasons for Rejecting Uniform Commercial Code Filings

1. The address of the debtor, secured party or assignee is omitted.

2. The form UCC-3 does not contain accurate information. The UCC-3 must show the file number and date, the debtor's name and address, and the secured party's name exactly as given on the original financing statement or last filed amendment.

3. Incorrect filing fee

4. Two or more requests are made on one form UCC-3.

5. An attempt is made to file a continuation statement earlier than six months before the five-year expiration date or after the original financing statement has lapsed.


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