Financing Statements/UCC's
The Uniform Commercial Code requires a debtor that is pledging collateral as security to a lender, that the parties file notice for public record, either with the County Clerk or the Secretary of State, depending upon the nature of the collateral put up as security. A filed financing statement is good for FIVE years unless a continuation is filed.
SPECIAL NOTICE
Effective July 01, 2001, all UCC filings
are to be made with the Texas Secretary of
State. County Clerks will no longer take UCC filings.
This does not affect UCC’s filed in the Real Property office.
All UCC’s that are filed
with the County Clerk are valid for (5) years.
Any statement that expires may be continued
with the Secretary of State.
If the statement remains effective past July 01, 2002, a new UCC will
need to be filed.
PLEASE DIRECT ANY QUESTIONS TO THE TEXAS
SECRETARY OF STATE.
FOR APPLICABLE UCC FEES EFFECTIVE DECEMBER 01, 2005 CLICK BELOW