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Generally, a UCC lien becomes inactive after five years, although the creditor can renew it.
A UCC financing statement — also called a UCC-1 financing statement or a UCC-1 filing — is a legal form that allows a lender to announce a lien on an asset to secure a loan.
Recorder of Deeds Office. UCC Standard Search Report will include all UCC Financing Statements on file for the EXACT MATCH on a debtor name. Researching UCC filings is a great tool for making credit decisions! Vcorp’s team of corporate services experts are specialists in accessing and retrieving public information from UCC records. jurisdictions.
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It’s all made possible by a single Web-based application customized to your company’s workflow and needs — and. A tax levy follows when a tax lien is not removed in due time.