EDA Termination Status
Last updated
May 18, 2012
WHAT IS A TERMINATION? A termination filing (UCC-3) can signify that the financial agreement has been fulfilled on a piece of equipment. An original UCC-1 financing statement is effective for five years from the date of its filing and is automatically terminated after the five year period. A UCC-1 can be extended for another five years if a continuation statement is filed within months 54 to 60. Conversely, when a financing agreement is paid in full prior to the five year period, the lender should file a UCC-3 to terminate the existing UCC-1 filing and remove the lien.
- MOST RECENT TERMINATION:
This represents the transaction date of the most recent termination (UCC-3) processed by EDA.
- DAYS SINCE END DATE:
This identifies the number of days since the most recent termination processed by EDA.
- HOW WE GET TERMINATIONS:
EDA acquires UCC-3 (termination) filings from each state. The UCC-3 document references the original UCC-1 filing that is being terminated. Based on our information, EDA compares the termination to all previous UCC-1 filings in our database. When there is a match between the filing ID that is being terminated and the UCC-1 filing ID in our database, EDA reports all the equipment on the original UCC-1 filing as terminated.
- WHY WE RECEIVE TERMINATIONS FASTER THAN UCC-1s:
We are able to provide termination data more frequently than the other statuses (sale, lease, rental, etc.) because we receive the termination filings in a slightly different format and they are matched to existing UCC-1 filings we already have on file.
| STATE |
MOST RECENT TERMINATION |
DAYS SINCE END DATE |
| AK |
05/08/2012 |
10 |
| AL |
05/10/2012 |
8 |
| AR |
05/11/2012 |
7 |
| AZ |
04/30/2012 |
18 |
| CA |
05/12/2012 |
6 |
| CO |
05/08/2012 |
10 |
| CT |
Not Available |
NA |
| DC |
Not Available |
NA |
| DE |
03/16/2012 |
63 |
| FL |
05/10/2012 |
8 |
| GA |
05/03/2012 |
15 |
| HI |
05/02/2012 |
16 |
| IA |
05/12/2012 |
6 |
| ID |
04/27/2012 |
21 |
| IL |
Not Available |
NA |
| IN |
04/20/2012 |
28 |
| KS |
05/12/2012 |
6 |
| KY |
05/12/2012 |
6 |
| LA |
04/30/2012 |
18 |
| MA |
05/04/2012 |
14 |
| MD |
Not Available |
NA |
| ME |
Not Available |
NA |
| MI |
04/26/2012 |
22 |
| MN |
05/04/2012 |
14 |
| MO |
05/11/2012 |
7 |
| MS |
05/11/2012 |
7 |
| MT |
05/10/2012 |
8 |
| NC |
05/11/2012 |
7 |
| ND |
05/11/2012 |
7 |
| NE |
05/09/2012 |
9 |
| NH |
04/27/2012 |
21 |
| NJ |
04/06/2012 |
42 |
| NM |
05/07/2012 |
11 |
| NV |
05/03/2012 |
15 |
| NY |
05/04/2012 |
14 |
| OH |
05/08/2012 |
10 |
| OK |
05/04/2012 |
14 |
| OR |
05/08/2012 |
10 |
| PA |
05/12/2012 |
6 |
| RI |
05/04/2012 |
14 |
| SC |
04/30/2012 |
18 |
| SD |
05/04/2012 |
14 |
| TN |
05/01/2012 |
17 |
| TX |
05/12/2012 |
6 |
| UT |
05/04/2012 |
14 |
| VA |
04/10/2012 |
38 |
| VT |
04/10/2012 |
38 |
| WA |
Not Available |
NA |
| WI |
04/24/2012 |
24 |
| WV |
04/05/2012 |
43 |
| WY |
05/12/2012 |
6 |
