How long is a financing statement active?

If a continuation is not filed, the financing statement will lapse in five years from the initial filing date. Continuations may be filed in increments of five years and always expire on the anniversary date of the initial filing. A continuation may be filed up to six months before the expiration date of the financing statement. Under Article 9, all lapsed and terminated filings remain active on system for search reporting purposes only for one year after the initial financing statement lapsed (or would have lapsed).




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