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Uniform Commercial Code (UCC)
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Who determines the types of collateral included on a financing statement?
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Answer:
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This decision is left to the filer. Failure to list collateral is not a reason to reject the financing statement. Mortgages, fixtures, minerals, and timber to be cut are filed with the county Register of Deeds. Filing in the wrong office is not a rejection reason listed in the statute. All other types of collateral, including filings for transmitting utilities, should be filed with:
Michigan Department of State
UCC Section
P.O. Box 30197
Lansing, MI 48909-7697
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