Financing statements are effective for five years from the date of filing.

Name: Financing statements are effective for five years from the date of filing.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

This is true according to the Uniform Commercial Code (UCC) adopted in most states in the US. Financing statements are effective for a period of five years from the date of filing, after which time they expire unless they are renewed.

Financing Statements Are Effective for Five Years from the Date