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Title 10 FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC Part XIX. Uniform Commercial Code Chapter 1. Secured Transactions 101. Policy A. In the state of Louisiana, Title 10
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Part XIX of the Uniform Commercial Code (UCC) covers secured transactions involving movable property.
Creditors who want to establish a security interest in personal property must file under part XIX of the UCC.
Part XIX forms can be filled out electronically or in person at the appropriate filing office. The form will require information about the creditor, debtor, and details of the security interest.
The purpose of part XIX is to establish a framework for creditors to establish and enforce security interests in personal property.
Information such as the names and addresses of the parties involved, a description of the collateral, and any relevant dates and signatures must be included on part XIX filings.
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