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The Clerk's Office is designated as the central filing office in the Commonwealth for Uniform Commercial Code (UCC) documents which evidence a security interest in personal property securing payment or performance of an obligation and their amendment, assignment, and termination.
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.
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.
In addition to filing with the state, the UCC is filed with the County office that holds the county real estate records for the property. Filings for ownership entities are made in the state where the entity is registered. Filings for individuals are made in the state in which the individual resides.
Typical collateral For example, if you take out a loan to buy new machinery, the lender might file a UCC-1 lien and claim that new machinery as collateral on the loan. You would, of course, work with your lender to designate what the collateral will be before you sign any documentation committing to the loan.