The State Corporation Commission is again beefing up its online capabilities, now giving commercial lenders and others the option of filing UCC financing statements through its website.
A news release says the SCC’s “eFile” site allows electronic submission of UCC-1 and UCC-3 documents as well as the associated filing fees. The SCC clerk’s office processed more than 66,000 paper UCC filings last year, so the move to online filing is expected to save time, money and paper on both ends.
Still to come for the SCC online site: electronic payment of LLC registration fees and electronic filing of paperwork for new Virginia corporations and LLCs.
By Peter Vieth