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Promoting Business Growth in North Carolina The Uniform Commercial Code Section operates under Chapter 25, Article 9 of the North Carolina General Statutes to provide a method of giving notice of a security interest in personal property to interested third parties. The method adopted is a "notice" filing system.
How can I submit a UCC filing? E-Filing online. US Mail. NC Department of the Secretary of State. Attn: UCC. PO Box 29626. Raleigh, NC 27626-0626. Hand delivery. NC Department of the Secretary of State. 2 South Salisbury Street. Raleigh, NC 27601.
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.
North Carolina's enactment of the UCC is codified in Chapter 25 of the North Carolina General Statutes (unofficial). North Carolina has adopted the following articles of the UCC: Article 1: General Provisions: UCC Article 1 deals with definitions and also the rules of interpretation of the provisions.
A UCC is a security agreement on personal property that is recorded to protect the lender's or secured party's investment. In a security agreement, a loan is secured by personal property as collateral, thereby giving the lender rights in the property.