How do I file a UCC-1 in Louisiana?

How do I file a UCC-1 in Louisiana?

UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor’s address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State’s website.

Does the UCC apply to Louisiana?

In January of 1990, Louisiana adopted the Uniform Commercial Code. As the last state to adopt the UCC, Louisiana was fortunate to implement a filing system that benefited its users by allowing the filing of financing statements with any of the 64 parish filing offices. …

What is a UCC filing in Louisiana?

Uniform Commercial Code filings, formerly known as chattel mortgages, are mortgages on movable property that are filed in the Clerk of Court’s Office. In Louisiana, an Original Financing Statement (UCC-1) can be filed with any one of the 64 parish Clerks of Court.

Where do I get a UCC-1 form?

You should file a UCC-1 Financing Statement with the secretary of state’s office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder’s office in the county where the debtor’s real property is located.

Where are UCCs filed in Louisiana?

Filers must submit their UCCs to the Clerk of Court in any one of the 64 parishes. No matter the parish, all personal property UCC1s are then transmitted to a central database managed by the Secretary of State. This ultimately allows the liens to be effective statewide.

Who Files financing statement?

A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

Why did Louisiana not adopt the UCC?

The phrase “an interest protected by law” was used instead of the phrase contained in the U. C. C. “a legal interest or a perfect security interest in them” because the latter deals with concepts found in Article 9, which Louisiana has not adopted.

How long is a UCC good for in Louisiana?

DURATION AND EFFECTIVENESS OF FINANCING STATEMENT; EFFECT OF LAPSED FINANCING STATEMENT. (a) [Five-year effectiveness.] Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five years after the date of filing.

What state does not use the UCC?

While largely successful at achieving this ambitious goal, some U.S. jurisdictions (e.g., Louisiana and Puerto Rico) have not adopted all of the articles contained in the UCC, while other U.S. jurisdictions (e.g., American Samoa) have not adopted any articles in the UCC.

How do I file a UCC-1 in Louisiana? UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor’s address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of…