OREGON TO IMPLEMENT NEW REQUIREMENTS FOR UCC FILING.
The new requirement goes into effect January 1, 2016 for new UCC-1 filings, or with the next continuation for existing valid UCC filings.
Effective January 1st, 2016, Oregon UCC-1 filings will need to match the debtor’s name on their Oregon driver’s license or Oregon-issued State ID card.
Existing valid UCC filings will remain effective until continued or no later than January 1, 2021. Per Oregon State “The next continuation must be updated no later than Jan. 1, 2021, or risk losing out. For example, if you don’t update the filing, you could lose your place in line for the recovery of your security interest”.
Please contact Kathy Young in our office for any questions or help with your new or existing Oregon UCC filings.
Kathy Young- UCC Filing Supervisor
Ph: 1- 800-547-7007