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However, you may extend a UCC-1 filing before the end of the five-year period. You have the opportunity to file a continuation statement. You must file this continuation statement within six months before the initial filing's lapse date or expiration.
NJ Revenue The Uniform Commercial Code (UCC) financing statements record and protect a secured party's interest in the collateral offered by a debtor for a loan.
Department of Treasury: Division of Revenue & Enterprise Services.
The UCC system gives public notice of the debtor-secured party relationship and the collateral involved. To record this relationship, you will file a UCC Financing Statement (Form UCC-1). If the conditions change, you may amend the initial filing statement by submitting Form UCC-3.
The most recently adopted amendments to the UCC's Building Subcode incorporate the 2021 edition of the IBC. The Building Subcode amendments were adopted on September 6, 2022. Of particular importance to builders and developers, the UCC contains a grace period provision at N.J.A.C.
The UCC document copy service is linked directly with the database system. Clients can obtain copies of effective filings associated with a named debtor by indicating their desire to receive copies on the search request. Requests will yield copies of all original filings (UCC-1's) and amendments (UCC-3's).
What is the cost to search and file UCC documents? ServiceStatutory FeePortal Admin FeeUCC-3$25.00 per filing$5.00Certified Search Certificate and Photo Copies$25.00 per certificate, $1.00 per page$5.00Relative-to-Filing Certificate$1.00 per filing$.20Status Report$5.00 per report, $1.00 per page$1.00, $0.20 per page3 more rows
In New Jersey, State-licensed, municipally employed code enforcement professionals- construction officials, subcode officials, and inspectors--are responsible for the enforcement of the UCC.