A UCC is a security agreement that is recorded to protect the lender’s or secured party’s investment. In a security agreement, a loan of money is secured by collateral, thereby giving the lender rights in the property.
Effective July 1, 2001 several changes became effective regarding UCC filings. Only fixture filings are accepted for filing in the Register of Deeds. A UCC fixture filing relates to items that become a part of real estate. All non-fixture filings must be filed with the Secretary of State.