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Secretary of State Delbert Hosemann Secretary of State Delbert Hosemann

Secretary of State Delbert Hosemann - PowerPoint Presentation

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Uploaded On 2018-09-17

Secretary of State Delbert Hosemann - PPT Presentation

Uniform Commercial Code UCC Electronic Filing Efiling Web Address wwwsosmsgov The recently updated UCC filing system requires you to electronically file all UCC documents beginning July 1 2017 ID: 668698

information filing enter click filing information click enter online ucc screen required account filer statement ucc1 create pay form submit farm payment

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Slide1

Secretary of State Delbert Hosemann

Uniform Commercial Code (UCC) Electronic Filing (E-filing) Web Address: www.sos.ms.govSlide2

The new system requires you to electronically file (e-file) the following UCC documents: Initial financing statements (UCC1)

Amendments (UCC3) including amendments, continuations, in lieu of filings, terminationsCorrections (UCC5) Farm liens (UCC1F)Farm lien amendments (UCC3F)Perform searches (UCC 11)What Is Different in the New System?Slide3

What

Is Different in the New System?2. You can no longer print the UCC form from the MSOS website to hand write or type in the information. 3. NOW all you do is type your information online using our easy new “online wizard. “ 4. The system verifies your information as you type it in.5. After you finish typing your information, you can submit the filing one of two ways.Slide4

What

Is Different in the New System? The two ways to submit your filing are:1. Submit the filing online with your credit card payment and a minimal convenience fee. Your filing is committed and available to view within 15 minutes (at a reduced cost). NOTE: The convenience fee is on a sliding scale. The more filings you submit at one time for payment, the less the fee per transaction

.

ORSlide5

What

Is Different in the New System?2. Print out the completed filing and mail it to the Secretary of State’s (SOS) Office with a check in the amount printed on the filing. The Secretary of States office will process the data you provided online when the check arrives. When your payment is received and posted, the filing is complete and your electronic acknowledgement will be sent within minutes. Slide6

How Do I Pay For E-filings?

You can pay for UCC filings in the following ways:Credit Card: American Express, Visa, and MasterCard are acceptableACH account for corporations that are approved by the SOS OfficeSearches (UCC11) are free if you do them online.Slide7

Where

is the Login Screen?The upper left of the screen (facing you), under the title Business Services, is a tab labeled User Login. Click on the tab and you will see the Login Screen.Slide8

Create

an Account or Log inAt this screen, you can create a user by clicking on “Register.”ORIf you already have a user account, enter your user name and password and click “Login.”Slide9

Enter the charactersshown on screen to

identify yourself as aperson. 2. Click Next.To Register/Create an Online Account

To Register/Create an Online AccountSlide10

Name Information:

FirstMiddle NameLast Name2. Physical Address:Address 1: street number ,nameAddress 2: if second address line is neededCity, State, Zip3. Mailing Address:Click box if mailing address and physical address. If not, enter the mailing address.

To

Register/Create an

Online AccountSlide11

Enter Business Email address. *Required.

This will become your online user name.Click Confirm to continue.Note: The system will verify that your address is a valid address.

To Register/Create an Online AccountSlide12

To Register/Create an Online Account

You will get a message thatstates “Account Created.”Click “Close.”The system takes you back to the log in screen.Check the email that you provided for further instruction.Slide13

To

Create an Online Filing AccountThe system will require you to apply for filer status.Click on UCC Filer Request.Slide14

To

Create an Online Filing AccountAssume you are a Corporate Representative for this tutorial.Click on Individual or Corporate Representatives. Individual is self-explanatory.You can search for your company name or enter a new one.Slide15

To

Create a Corporate Online Filing AccountEnter the required data and click next.A message stating “filer access granted” is displayed.Slide16

To Create a Corporate Online Filing Account

You can apply to become a representative on a corporate account.The Create New Representative box will pop up for you to fill out.Click New Rep. Slide17

To Create a Corporate Online Filing Account

An email will be sent to the account manager requesting approval of your request.This screen is where the manager approves the request.Slide18

Filing

a New Financing StatementEnter your user name.Enter your password.Click Login.Slide19

Filing a Financing Statement (UCC1)

Click on the “Online Filing” tab and this screen displays.Select the type of filing you want to file: Financing Statement (UCC1) – includes UCC1FAmendment (UCC3) – includes UCC3FStatement of Claim (UCC5)3. Click on UCC1

.Slide20

Filing a Financing Statement (UCC1)

Filing Information:

Your Filer Name, and Email is displayed.

Filer Phone number is optional.

Packet Number: This is an alphanumeric code entered by the user submitting the filing for their own reference, to help identify the filing in the future. This value will not be displayed on the form. Required.

Optional Filer Reference Data: This item is optional and is for filer's use only. For filer's convenience of reference, filer may enter any identifying information that filer may find useful. Do not include social security numbers or other personally identifiable information.

Farm Lien: Defaults to No, change to Yes if this is a Farm Lien filing.

Note

:.

A thumbnail image of the form is shown on the right side – highlighted to show where you currently are on the form.Slide21

Filing

a Financing Statement (UCC1)Alternate Filing Information:The Filer Name and Tracking Number are pre-filled. The system assigns a Tracking Number for the filing.Collateral Designation: If applicable, select a collateral designation. If more than one Debtor has an interest in the collateral and the designation does not apply to the interest of all Debtors, consider filing a separate Financing Statement for each Debtor.Alternate Filing Type: Click to choose if this filing will be designated as a Transmitting Utility, Public Finance, or Manufactured-Home Transaction.  This choice will determine the lapse date of the filing.Additional Name Designation:

If filer desires (at filer's option) to use the designations lessee and lessor, consignee and consignor, seller and buyer (such as in the case of the sale of a payment intangible, promissory note, account or chattel paper), Bailee and

bailor

, or licensee and licensor instead of Debtor and Secured Party, select it here.

Miscellaneous Information is for customer use only

Click Next.Slide22

Filing

a Financing Statement (UCC1)The next screen is the debtor screen.Click “Add debtor” and this screen is displayed.Enter the name, address and county. These fields are required. Click Save or you can edit/delete your entry.Click Next on the next screen to go to Secured Party information.Slide23

Filing

a Financing Statement (UCC1)The next screen is the secured party screen.Click “Add secured party” and this screen is displayed.Select secured party type: Organization or IndividualEnter the name, address, and county.4. Multiple secured parties can be added. 5. Click Save.6. The secured party information displays.7. Click Next or you can edit/delete your entry.Slide24

Filing

a Financing Statement (UCC1)This is the collateral screen.This is not a required field.You may enter text into the Collateral Text box or attach a document from your computer by clicking Choose File.Click Next.Slide25

Preview

of UCC1 FilingThis screen displays a preview of your filing.Review your information to ensure it is accurate.You may choose Print, Back, Cancel, or Next. Next takes you to the Payment Page.Slide26

Paying

for a UCCThis screen offers two payment options:Pay with a credit cardMail in with a checkIf you are filing using an Organizational Account, you may have an additional option for Direct Payment via ACH.Click on your choice.Pay later and add item to your cart for filing all at once.Slide27

UCC1

is FiledYou will receive an email Acknowledgement within 15 minutes notifying you that your filing is successful.The email will include a link to the acknowledgement and filing image.Your debtor information will be available on the web.If you have a UCC Image Subscription, you will have access to view the image of the filing on the web.Slide28

Can

you E-file Farm Liens?Yes! You enter a UCC1F and UCC3F using the same online process that you use for a standard UCC1 and have faster results!When you finish typing your information using the online wizard, you can print out the filing, sign it, then mail it to the Secretary of State’s (SOS) Office.The data you typed online is already processed at the SOS Office and is waiting for the check to arrive. Within minutes of posting your check, your UCC1F or UCC3F is filed and available to view on the web.Slide29

File

a Farm Lien (UCC1F)Go to the Login Screen.Enter your user name.Enter your password.Click Login.Slide30

File a Farm Lien (UCC1F)

Filing Information:Your Filer Name, Email, Phone Number are displayed.Packet Number: This is an alphanumeric code entered by the user submitting the filing for their own reference, to help identify the filing in the future. This value will not be displayed on the form. Required.Optional Filer Reference Data: This

item is optional and is for filer's use only. For filer's convenience of reference, filer may enter any identifying information that filer may find useful. Do not include social security numbers or other personally identifiable information.

Farm Lien

:

Choose Yes for Farm Lien Filings.

Note: A thumbnail image of the form is shown on the right side – highlighted to show where you currently are on the form.

Click

Next

to continue, or the

Cancel

button is on the Right to quit. Slide31

File

a Farm Lien (UCC1F)1. The online wizard will take you through the next screens that are the same as the UCC1:Alternate Filing InformationAdd Debtor (Required)Add Secured Party (Required)2. Then you will see the Collateral screen. This screen and the instructions follow.Slide32

File

a Farm Lien (UCC1F)Farm Collateral Information This screen is different from the UCC1 screens.Click on Add Crop.If you have any attachments, you can upload here. (not to exceed 50 pages)Click Choose File to upload attachments from your files.Slide33

File

a Farm Lien (UCC1F)This collateral screen displays.Enter farm product description.Select crop code from dropdown box.Enter quantity (numeric or “All”).Enter your crop year – you may choose a range.Select county from a dropdown box.Click Save.Slide34

Preview

of Farm Lien (UCC1F)This screen displays a preview of your filing.Review your information to ensure it is accurate.You may choose Print, Back, Cancel, or Next at the bottom of the page. Next will take you to the Confirm page, once confirmed you will be taken to the Payment Page as shown previously in this demo.Slide35

File

an Amendment (UCC3 )Filing an amendment (UCC 3) follows the same general processas an initial filing statement. The following rules apply to UCC3s.You must have the initial file number and it must exist in the SOS records.The online wizard will assign an internal tracking number when you start entering your information.Only one action is allowed per e-filing amendment.

You

only

enter information regarding what you are amending. For example, if you are amending a debtor’s name, you will enter the debtor information

only

.

The online wizard will walk you through the filing process.Slide36

File an Information Statement (UCC5

)Filing an Information Statement (UCC5) to an existing filing follows the same general process as previously shown. The following rules apply to UCC5s:You must have the initial file number and it must exist in the SOS records.The online wizard will assign an internal tracking number when you start entering your information.You can select the correction type from the dropdown box:Wrongfully filed

Inaccurate

Filed by person not entitled to do so

4. Enter the correct information and download attachments, if needed.