UCC filings

UCC filings refer to documents filed under the Uniform Commercial Code (UCC) to publicly record a security interest in personal property, such as inventory or equipment, as collateral for a loan. These filings, known as UCC-1 financing statements, provide notice to other creditors about a lender’s legal claim to the debtor’s assets. They help establish priority in case of default or bankruptcy, protecting the lender’s interests. Filing a UCC ensures transparency and clarity about who has a financial interest in the debtor’s property.