Uniform Commercial Code

The What We Do section explains the purpose and mission of the Uniform Commercial Code Section. See Figure 59.

The page states: “The Uniform Commercial Code Section operates under Chapter 25, Article 9 of the North Carolina General Statutes to provide a method of giving notice of a security interest in personal property to interested third parties. The method adopted is a “notice” filing system. Record information in the UCC Section is open to the public, and can be searched for free over the Internet

This Section provides an essential service to the business community, offering a repository of records of UCC and federal lien documents. It also has the character of a public “bulletin board” with regard to liens against personal property.

Lien information on any person or business may be obtained from the UCC Section upon request. Such information may be used to determine whether a lender would be interested in extending credit to the small business owner to, for example, provide capital for purchasing equipment or raw materials. The small business owner may, in turn, access the Section’s records to determine whether to extend credit to customers by taking a security interest in the finished product to be sold.

UCC records can be researched for free from this site< or the UCC Section will perform a UCC Search by written request on a UCC 11 Information Request form for a $38 fee.