UCC1 - Financing Statement - Washington - This form is a financing statement used to cover certain collateral as specified in the form. This Financing Statement complies will all applicable state laws.
The Washington State UCC filing fees refer to the charges associated with submitting and processing Uniform Commercial Code (UCC) filings in the state. UCC filings are legal documents used to establish a creditor's security interest in the collateral of a debtor. The fees vary depending on the type and nature of the UCC filing. Here are the different types of UCC filings in Washington State and their respective fees: 1. UCC-1 Financing Statement Fee: The UCC-1 filing fee is $20 for a standard financing statement. This form is used to secure a lender's interest in personal property collateral. 2. UCC-1 Financing Statement Addendum Fee: If additional information is required to be added to a standard UCC-1 form, an addendum may be attached with an additional fee of $20. 3. UCC-3 Amendment Fee: The UCC-3 filing fee is $20 for making changes to an existing UCC-1 form, such as adding or removing collateral descriptions, modifying debtor information, or assigning the secured party's interest. 4. UCC-3 Continuation Statement Fee: To extend the effectiveness of a UCC-1 filing, a continuation statement is filed with a fee of $20. This ensures that the secured party's interest remains enforceable beyond the initial filing period, which is usually five years. 5. UCC-3 Termination Fee: To terminate a UCC-1 filing, a termination statement must be filed, and the fee for this is $20. This form is used to release the collateral from the secured party's interest once the debt has been fully repaid or the agreement has ended. It's important to note that these fees are subject to change, so it is advisable to check the Washington State Secretary of State's official website or contact their office for the most up-to-date information. The UCC filing fees are vital for ensuring that businesses or creditors have legal protection and security interests in the collateral provided by debtors within the state of Washington.