UCC Filings

A UCC-3 (Uniform Commercial Code-3 statement) is a legal filing used to make any changes to a current UCC-1 filing. In short, a UCC-3 is considered an amendment filing.

With Fast Track Filing, you can amend a UCC-1 filing in a few ways:

1. Termination: This filing extinguishes the UCC-1 before its five-year term ends. Most times, this filing is performed when a loan has been paid.

2. Assignment: This filing transfers the rights in the UCC-1 from one secured party to another. The rights can be “full” or “partial.”

A UCC-1 (Uniform Commercial Code-1 statement) is a legal notice filed by a creditor to declare its right to seize certain assets of a debtor who defaults on a loan. When one files a UCC-1 statement through the Secretary of State, it tells the public that specific property has been pledged as security for an existing debt.

After you have successfully submitted your document, you will receive an email from the Iowa Secretary of State that will let you know your filing has been approved. If you do not see an email, check your spam folder.