A UCC-3 (or a UCC-Uniform Commercial Code-3 statement) is a legal filing used to make any changes to a current UCC-1 Filing. In short, a UCC-3 is considered an amendment filing.
With Fast Track Filing, you can amend a UCC-1 filing in a few ways:
- Termination: This filing extinguishes the UCC-1 before its five-year term ends. Most times, this filing is performed when a loan has been paid.
- Assignment: This filing transfers the rights in the UCC-1 from one secured party to another. The rights can be “full” or “partial.”
- Continuation: This filing extends the life of a UCC-1 by another five years.
- Debtor Amendment: Changes, adds, or deletes debtor information—such as changes to a legal name or address.
- Secured Party Amendment: Changes, adds, or deletes secured party information—such as changes to a legal name or address.
- Collateral Amendment: Adds, removes, or restates collateral.
Whatever the amendment may be, it is easy to file a UCC-3 through Fast Track Filing. Follow the guide below to see how it’s done.
Step One:
First, go to https://filings.sos.iowa.gov/.
You will need an account to file anything on Fast Track Filing (excluding Biennial Reports). Once you are logged in, you will see a “Home” screen that displays the Fast Track Filing Communication Center. At the top of the page, there will be a navigation menu—click on “UCC Filings”.
Step Two:
A drop-down menu will appear. Click on “File Amendment”.
Step Three:
From here, you will be redirected to the “Filing an Amendment” page. This is where you will input all the necessary information to file your UCC-3, so take caution to make sure all the information is correct.
Step Four:
You will now need to select an amendment type. Please choose between Termination, Assignment, Continuation, Debtor Amendment, Secured Party Amendment, and Collateral Amendment.
Then, provide the UCC-1 File Number. Then, select “Continue”.
Next, you will be redirected to a page that will allow you to input additional information.
First, fill out the Filer Contact Information (this is optional). Next, fill out the “Send-Acknowledgement to” section.
Step Five:
Finally, fill out the “Party of Record Authorizing” section. You will have the option to insert Filer Reference Data if you choose, as well as any supporting files.
Step Six:
After you have filled out all required forms, select “Review and Pay”. You will now be given the option to review your filing, as well as add payment information. Please make sure that there are no errors in your Article of Incorporation.
Step Seven:
After you are finished, click "Add to Cart" at the bottom of the page. From here, you can submit another file or proceed to check out. If your submission was successful, you will see the text "Filing Submission Status: Success" on your screen.
Congratulations! Your filing has been successfully submitted. The submission will be reviewed by the Secretary of State’s office, and you will be notified by email when the filing is filed.
Once the submission is complete, you will be able to see your filing in your Dashboard. To access your Dashboard:
- Visit Fast Track Filing (iowa.gov)
- Sign in with your Username and Password
- Go to “UCC Filings” and then “Dashboard”
You will see a category named “Completed Filings”, and your UCC-3 will be listed there.