Act No. 348 P.A. of 2000 as amended, Uniform Commercial Code MCLA 440.9405 etal, MSA 19.9405.
All personal property filings are to be filed with the UCC Division of the Secretary of State. Documents filed for recording with the Register of Deeds include: As-extracted collateral, Timber to be cut and Fixture Filings.
A complete legal description is required on any new filings and amendments.
These fees apply to any new filings and amendments. Under Revised Article 9, "amendment" is defined to include changes: new or changed debtor names, secured party names, or collateral; releases of collateral, assignments, terminations and continuations. A complete legal description is required.
When terminating UCC’s, filed prior to July 1, 2001, that include both personal property and real estate, the termination fee will be $30.00 for personal property and $30.00 for the real estate portion of the filing, a total of $60.00.
UCC/Fixture Filings – A complete legal description is required within the state of Michigan for real estate related terminations.