Mi Sos Ucc Search With Image
Description
How to fill out Michigan UCC1 Financing Statement?
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FAQ
(1) Except as otherwise provided in subsections (2), (5), (6), and (7), a filed financing statement is effective for a period of 5 years after the date of filing.
The Uniform Commercial Code (UCC) Online Service is available 24 hours a day for the filing and searching of financing statements, federal tax liens, state tax liens and unemployment liens.
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.
The Uniform Commercial Code (UCC) online service for customers filing financial statements and liens through the Secretary of State.
Ask the lender to terminate the lien upon payoff. A good rule of thumb is to request that your lender file a UCC-3 form with your secretary of state as soon as possible after you pay off your loan. The UCC-3 will terminate the lien on your company's assets (or assets) and remove the UCC-1 filing.