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.
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Gennine Cooper is a Marketing Associate in our Dover, Delaware office. To learn more about Gennine read her bio here.