Uniform Commercial Code Information

Understanding UCC Filings in Sampson County, North Carolina

This guide explains Uniform Commercial Code (UCC) filings in Sampson County. A UCC filing protects a lender's interest in certain types of loans by giving them rights over the borrower's property (called collateral) if the loan isn't repaid.

Changes to UCC Filing Procedures

Since July 1, 2001, most UCC filings are made with the North Carolina Secretary of State's office in Raleigh. This applies to most loans involving personal property (except for fixtures, timber to be cut, or oil/gas/minerals).

Where to File Your UCC Financing Statement

• Sampson County Register of Deeds (Clinton, NC): Only for filings involving fixtures, timber to be cut, or oil/gas/minerals.
• NC Secretary of State (Raleigh, NC): For all other UCC filings related to personal property.

Types of UCC Filings

• UCC-1: Financing Statement (Initial Filing): This form details the loan, borrower (debtor), and collateral involved.
• UCC-3: Financing Statement Amendment: Used for updates to existing filings, like continuations, terminations, or changes to the collateral.
• UCC-11: Request for Information or Copies: Allows you to search for UCC filings on a specific debtor.

Reasons a UCC Filing Might Be Rejected

There are several reasons why the Sampson County Register of Deeds might reject your UCC filing. Common reasons include missing information, incorrect fees, or not following proper filing procedures. For a full list, refer to the N.C. General Statutes. 

Additional Resources

For more information on UCC filings and recent changes to the law, visit the North Carolina Secretary of State's UCC website.