Uniform Commercial Code Information Overview
A UCC is a security agreement that is recorded to protect the lender's or secured party's investment. In a security agreement, a loan of money is secured by collateral, thereby giving the lender rights in the property.
Effective July 1, 2001, several changes became effective regarding UCC filings. Only fixture filings are accepted for filing in the Register of Deeds. A UCC fixture filing relates to items that become a part of real estate. All non-fixture filings must be filed with the secretary of state.
UCC-1: Financing Statement
The UCC-1 is the initial filing of a financing statement. According to N.C.G.S.§ 25-9-502, a financing statement must contain the following information:
- Secured party's name and address
- Debtor's name and address
- Statement indicating types and/or descriptions of collateral
- Indicate it should be filed in the real estate records
Note: Submit a single copy for recording.
UCC-3: Financing Statement Amendment
The UCC-3 (amendment) is used for subsequent financing statements:
- Continuation of a financing statement
- Termination of a financing statement
- Assignment of a secured party's rights under a financing statement
- Amendments to a financing statement
- Release of a part (or all) of the collateral covered by a financing statement
UCC forms are available at North Carolina Secretary of State Forms
Additional UCC information:https://www.sosnc.gov/forms/by_title/_uniform_commercial_code
Fee and Payment Information
Effective July 1, 2001 fees for UCC financing statements including initial filings, continuations, amendments, releases, and terminations, etc. are:
- One or two pages-$38
- Three to ten pages-$45
- Over ten pages-$45 +$2 per each page over ten pages
UCC documents can be hand-delivered, eRecorded, or mailed. Checks must be made payable to:
Wayne County Register of Deeds
224-226 E. Walnut Street
Goldsboro, North Carolina 27530
Please contact 919-731-1449 for assistance.