![]() Call the ASC at 1-80 and ask for the registration department to check out persons offering investment opportunities, investment advice for a fee and any products they offer. The ASC cautions investors to research any investment opportunity thoroughly. Individuals looking to file the statement can go directly to the SOS website. Filing a UCC statement costs $20 for the first two pages and $2 for every page thereafter. A bank, not an entrepreneur, typically files the statement. The UCC financing statement is a form that a creditor files to give notice that it has an interest in the personal property of a debtor. The main purpose of a UCC is to perfect the secured interest of the secured party in personal property collateral. ![]() UCC filings reflect liens placed on certain personal property, such as equipment, accounts receivable, etc., that generally cannot be titled or deeded, like automobiles, aircrafts, boats and real estate. They are charging excessive amounts for something you likely will never need and, if you do, can easily acquire." ![]() "Alabama business owners should toss mailers from third-party companies that say they will work with the SOS office on your behalf in the trash," ASC Director Senn said.Īccording to the secretary of state, "these organizations are not affiliated with or authorized by the SOS office in any way. The Alabama Securities Commission and Secretary of State Wes Allen are warning business owners about a fraudulent, official-looking mailer from the SOS falsely claiming the business needs to pay $90 dollars, or more, for a copy of a Uniform Commercial Code statement filed against them. ![]()
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