Below, we’ll dive deep into what a UCC filing is, why it matters for your business, and how to remove a UCC filing if you find one on your report that shouldn’t be there. What does UCC stand for? UCC stands forUniform Commercial Code, which refers to a collection of U.S. polic...
A UCC-1 filing remains in effect forfive years. If the loan is still active, the lender must file aUCC-3 Filing Statement Amendmentat least six monthsbefore the expiration date to continue the filing or it lapses automatically. When the loan is paid in full, the lender files a UCC-3 Fi...
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