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NC S386

Bill

Status

Passed

8/11/2015

Primary Sponsor

David Curtis

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Establishes specific filing fees for Uniform Commercial Code (UCC) financing statements filed with registers of deeds: $38.00 for statements of two or fewer pages, and $45.00 for the first 10 pages plus $2.00 for each additional page.

  • Sets information request fee for UCC financing statement inquiries at $38.00 per request from registers of deeds.

  • Excludes deeds of trust and mortgages that serve as fixture filings or financing statements covering as-extracted collateral or timber from the new UCC filing fees, allowing standard recording and satisfaction fees to apply instead.

  • Updates G.S. 25-9-525 to reference register of deeds fees under G.S. 161-10(a)(13) rather than establishing separate fees for county-level UCC filings.

  • Becomes effective October 1, 2015, and applies to instruments registered on or after that date.

Legislative Description

Registers of Deeds/UCC Recording Fees

Last Action

Ch. SL 2015-206

8/11/2015

Committee Referrals

Finance6/10/2015
Judiciary I5/27/2015
Rules, Calendar, and Operations of the House4/30/2015
Judiciary II4/15/2015
Finance4/14/2015
Judiciary II3/26/2015
Rules and Operations of the Senate3/25/2015

Full Bill Text

No bill text available