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FAQ
  Uniform Commercial Code (UCC)
What is the purpose of the Statement of Claim?
 
Answer:

A UCC5 Statement of Claim may be filed by the debtor, not secured interests, if it is believed that a particular record is inaccurate or was wrongfully filed. The filing of a statement of claim does not affect the effectiveness of a previously filed document. The Michigan Secretary of State UCC office files the statement of claim with the initial filing, but no information in the initial filing is changed. The UCC office does not determine whether the statement of claim is effective or legitimate. A financing statement amendment must be used to make changes on previous filings.

> UCC5 Statement of Claim PDF

 

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