North Dakota Release of Security Interest - Termination Statement
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FAQ
Removing a UCC-1 filing Pay off your loan: This is the surest way to have the UCC-1 filing removed. Depending on the state, the financing statement can remain in your state's searchable index for one year after the loan is repaid. In that case, the statement would reflect that the loan is repaid.
A statewide perfection of a loan may be obtained by completing the filing in the online North Dakota Central Indexing System (NDCIS). The debtor's social security number or federal employer identification number is required to complete the filing.
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.
Standard search logic sets rules for how words, abbreviations and symbols will be interpreted and delivered as search results by a search engine. Here are a few examples of MARS search logic: Spaces and punctuation are disregarded. ?&?equates to ?and? No distinction between upper and lower case letters.
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.
