Does a UCC-1 Financing Statement Expire?
Normally a UCC-1 Financing Statement expires five years from the date and time of filing as indicated on the UCC-1 form. However, if a loan extends beyond that period, a lender is normally files a “Continuation Statement” renewing the original UCC-1 filing for another 5 years.
Sometimes a lender will renew their UCC-1 filing if they make a new loan to a business before the five years is up. The new loan causes the clock to start running its 5 years again.