Which lien is filed with the Secretary of State?

Which lien is filed with the Secretary of State?

• A. Mechanic's Lien
• B. UCC-1 Financing Statement
• C. HOA Lien
• D. None of the Above

Answer: (B)

Filing with the Secretary of State is used to perfect a security interest in personal property under the Uniform Commercial Code. The UCC-1 Financing Statement serves as public notice that a lender has a security interest in the debtor’s collateral, and in Colorado the Secretary of State handles these filings. This is different from liens that attach to real property and are recorded in county offices. A mechanic’s lien is filed with the county clerk/recorder and attaches to the property itself, not with the SOS. An HOA lien is also typically recorded in the county records as a property lien, not with the Secretary of State. Therefore, the instrument filed with the Secretary of State is the UCC-1 Financing Statement.

Filing with the Secretary of State is used to perfect a security interest in personal property under the Uniform Commercial Code. The UCC-1 Financing Statement serves as public notice that a lender has a security interest in the debtor’s collateral, and in Colorado the Secretary of State handles these filings. This is different from liens that attach to real property and are recorded in county offices. A mechanic’s lien is filed with the county clerk/recorder and attaches to the property itself, not with the SOS. An HOA lien is also typically recorded in the county records as a property lien, not with the Secretary of State. Therefore, the instrument filed with the Secretary of State is the UCC-1 Financing Statement.