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Maine Bureau of Corporations, Elections, and Commissions, Department of the Secretary of State

Uniform Commercial Code (UCC)

Cathy Beaudoin, Director

*** New Uniform Commercial Code (UCC) Forms effective July 1, 2013 ***

Due to recent law changes, effective July 1, 2013 new UCC forms have been adopted.  The new financing statement forms will be available on this website no later than June 28, 2013.  The new forms cannot be accepted for filing until July 1, 2013.  A thirty (30) day grace period will be provided beginning July 1, 2013 and ending July 31, 2013, during which the previous versions of the forms will be accepted by the filing office.  Beginning on August 1, 2013, only the new forms will be accepted and the filing office will refuse to accept all other forms.

 

Uniform Commercial Code (UCC) liens cover personal property used as collateral by a 'debtor' to secure a loan. (The same way that a mortgage secures the loan on real property.)

The UCC lien filed with the Secretary of State acts as a public notice by the 'creditor' of the creditor's interest in the property.

Liens on fixtures, timber to be cut, or extracted minerals, use UCC forms but are filed at the appropriate County Registry of Deeds.

Maine UCC law is found in Title 11 Section 9A .

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