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Committee advances UCC financing statements bill to update filing forms and fees
5955081 · October 15, 2025
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Summary
The committee advanced legislation to remove an embedded UCC financing-statement form from the code, permit the record of deeds to accept industry-standard forms and direct the Chief Financial Officer to set fees for filing and indexing initial financing statements.
The Committee on Business and Economic Development voted to advance a bill that would modernize uniform commercial code financing statements filed in the District and give the Recorder of Deeds greater flexibility to accept forms aligned with industry standards.
The measure removes the current standardized UCC…
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