RICHMOND — The State Corporation Commission (SCC) has
added another feature to its SCC eFile website. Now, customers can electronically
file certain Uniform Commercial Code (UCC) forms and pay fees associated with these
filings. This is the third addition to the SCC eFile website, which launched in
The Secured Transactions part of the Uniform Commercial Code is a comprehensive
set of laws governing security interests in personal property. These interests can
arise in transactions that involve borrowing money, leases, contracts, and the sale
of goods. The SCC’s Clerk’s Office is the central filing office in Virginia for
financing statements, which are filed to provide public notice of such security
SCC eFile allows the electronic submission of UCC-1 and UCC-3 documents. The UCC-1
form is a financing statement and serves as notice to the public of a lender’s security
interest in the borrower’s assets identified in the statement. UCC-3 is a financing
statement amendment. SCC eFile will also accept electronic payment of fees for filing
these UCC documents.
“Paper UCC filings are time consuming and costly for our customers to prepare and
submit,” says Joel H. Peck, the Clerk of the Commission. “Electronic filing of UCC
documents provide our customers with real time completion and receipt of UCC documents,
thus saving time and reducing costs.”
Electronic acceptance of UCC forms has the potential of reducing over 66,000 paper
UCC filings, which is the amount processed by the Clerk’s Office in 2010.
Future SCC eFile releases include electronic acceptance of limited liability company
(LLC) annual registration fee payments and formation documents for the creation
of new Virginia corporations and LLCs. Previous releases included the ability to
file registered agent changes and resignations, and the acceptance of corporate
annual report filings and corporate annual registration fee payments.
The Office of the Clerk serves as the central filing office for all Virginia and
foreign corporations, limited liability companies, general and limited partnerships,
and business trusts that are authorized to transact business in Virginia (to obtain
information about a sole proprietorship, contact the locality where the business
is conducted). The Clerk’s Office also serves as the central location in Virginia
for the filing and indexing of Uniform Commercial Code (UCC) financing statements
and certain federal tax liens.