Where is a UCC financing statement typically filed?

Where is a UCC financing statement typically filed?

• A. Secretary of State in the state where the company is incorporated
• B. Secretary of State in the state where the equipment is located
• C. County Recorder's Office
• D. Federal Trade Commission

Answer: (A)

The main concept is that a UCC financing statement to perfect a security interest is filed where the debtor is organized or has its principal place of business. For a corporation, that means the state of incorporation. Filing there creates a centralized public notice of the secured party’s interest that’s recognized across the UCC system. That’s why the typical choice is the Secretary of State in the debtor’s state of organization. Filing in the state where the equipment is located isn’t the standard rule, because perfection follows the debtor’s jurisdiction rather than the collateral’s location (with exceptions for fixtures in real property). The County Recorder’s Office handles real property records, not ordinary UCC filings. The Federal Trade Commission isn’t involved in UCC financing statements either.

The main concept is that a UCC financing statement to perfect a security interest is filed where the debtor is organized or has its principal place of business. For a corporation, that means the state of incorporation. Filing there creates a centralized public notice of the secured party’s interest that’s recognized across the UCC system.

That’s why the typical choice is the Secretary of State in the debtor’s state of organization. Filing in the state where the equipment is located isn’t the standard rule, because perfection follows the debtor’s jurisdiction rather than the collateral’s location (with exceptions for fixtures in real property). The County Recorder’s Office handles real property records, not ordinary UCC filings. The Federal Trade Commission isn’t involved in UCC financing statements either.