Understanding UCC Filings in Massachusetts A UCC, or Uniform Commercial Code, filing represents a legal notice that a creditor has an interest in the personal assets of a debtor. Additionally, reviewing the specific filing date and confirmation number is crucial for verifying the current status of the lien.
Search UCC Massachusetts Secretary State
Search Parameter Description Best Practice Debtor Name The legal name of the individual or business entity. When a business takes out a loan or enters an agreement that uses equipment or inventory as collateral, a UCC-1 statement is often filed.
For lenders, it is a standard part of the underwriting process to determine the existing debt obligations of a borrower. Search Parameters and Tips When utilizing the Massachusetts UCC search tool, users can typically search by debtor name or secured party name.
Search UCC Massachusetts Secretary State
A record will typically display the debtor’s name, the secured party’s name, the filing date, and the termination date if applicable. It is important to note that the database may return variations of the name entered.
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