Michigan Ucc Fees
Description
How to fill out Michigan UCC1 Financing Statement?
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FAQ
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.
A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower's collateral in the case of default.
The Uniform Commercial Code (UCC) online service for customers filing financial statements and liens through the Secretary of State.
(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.