Oregon Individual Debtor Name Requirement
Posted by Incserv
December 15, 2015
Effective January 1, 2016, under Oregon Senate Bill 462, the name of an individual debtor listed in a Uniform Commercial Code (UCC) filing, will need to match the debtor’s name on their Oregon driver’s license or Oregon-issued state ID card.
Beginning January 1, the requirement takes effect for all new UCC-1s filed. Existing valid UCCs remain in effect until continued or no later than January 1, 2021. To read SB 462 in full, click here.
If you have any questions or concerns, please feel free to contact us!
Thanks for Reading,
Gennine Cooper is a Marketing Associate in our Dover, Delaware office.