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Yes it expires 5 years from the filing date. Within 6 months of the expiration date the institution can file a UCC-3 continuation to continue the filing for another 5 years.

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Q: Does the ucc-1 expire or does the institution have to file a ucc-3?
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What is a UCC3 agreement?

A UCC-3 agreement is a financial statement amendment that tracks changes. It tracks termination or transfers of financial information and the parties involved.


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