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UCC Filing Fees Type of FilingFiling FeeFinancing Statement$20.00 eachFinancing Statement Amendment$20.00 each(i.e., assignment, change, continuation, termination)Information Statement$20.00 each
Copies or Search for UCC/Tax Lien Filings Requests must be made on the Information Request Form (UCC11). To ascertain the number of pages in a document and determine the proper amount of payment for your request, contact the Clerk's Office at (804) 371-9733 or toll-free in Virginia at 1-866-722-2551.
If you have not filed a UCC-1, then you are considered unsecured, and as such, you are placed in the ?back of the line,? behind the secured creditors. Secured creditors are taken care of first in the division of assets.
Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five years after the date of filing.
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.
UCC Filing Fees Type of FilingFiling FeeFinancing Statement$20.00 eachFinancing Statement Amendment$20.00 each(i.e., assignment, change, continuation, termination)Information Statement$20.00 each
Fill in the debtor's name and mailing address. It may be an individual, or it may be in the name of a business or organization. If the loan is in the name of the business, include the business mailing address. There is space for additional debtors. Include them exactly as they appeared on the loan agreement.
What does it look like? A UCC-1 financing statement contains three important pieces of information: Parts 1 and 2 contain the personal and contact information of the borrower. Part 3 contains the personal and contact information of the secured party?otherwise known as the creditor.