Brief History and Philosophy of RA9
Revised Article Nine (RA9) of the UCC is the result of a ten-year project by the National Conference of Commissioners on Uniform Laws (NCCUSL). NCCUSL is a quasi-state reform group that recommends uniform legislation for all 50 states. RA9 has a proposed effective date of July 1, 2001 across the nation. To date, over 25 states have passed RA9, and Indiana is one of them.
RA9 gives much greater responsibility to the private sector. At the same time, it removes responsibility, liability and all discretion from the filing officers and the filing system. The customer is completely responsible for filing accurate information and for knowing the correct name or names under which the filings should be searched.
RA9 takes effect July 1, 2001
A. Under RA9, UCC-1s are called "Financing Statements."
B. Under RA9, UCC-3s are called "Amendments" and can be one of the following types:
- amendment (amending some kind of information, e.g. secured party address)
Note:This timeline is being offered as a familiarization tool for county recorders. It should not substitute for a thorough reading and understanding of Indiana law as it applies to the duties executed by the Office of County Recorder. Recorders are encouraged to consult all available resources including their county attorneys and professional associations.
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