How to File a UCC on an Apartment in New York

A UCC is a financial statement for a transaction with an apartment cooperative.

UCC stands for Uniform Commercial Code, a set of rules designed to regulate commercial transactions. In this context, a UCC refers to a financial document filed when purchasing a part of cooperative apartment complex. A filing against a cooperative remains good for five years, unless a five-year continuation is filed six months before the expiration date.

Instructions

1. Gather all your information. Make sure you know the collateral that is being covered by the UCC finance statement. For the cooperative addendum, you will need the street address of the apartment including county and city. You'll also need the tax designation and the name of cooperative organization.

2. Fill out the UCC Financing Statement and the UCC Financing Statement Cooperative Addendum.

3. File your paperwork with the New York Secretary of State's office. Send $40 via check or credit card (use the Credit Card Authorization Form) to: New York State Department of State
; Uniform Commercial Code
; One Commerce Plaza
; 99 Washington Avenue
; Albany, New York 12231-0001.

Tips & Warnings

• You may want to consult an attorney when filing these documents.

References

• New York City: Financing Statements (UCC)
• New York Department of State: UCC FAQ
• Laws of New York: UCC Filing

Resources

• UCC Financing Statement
• UCC Financing Statement Cooperative Addendum
• Credit Card Authorization