New secured party or representative name requirements New collateral indication requirements Mandatory web-based electronic UCC filing On May 11, 2015, a new law took effect in New Jersey that was intended to address a perceived problem with the filing of
New Jersey – Legislation Enacted To Tackle Fraudulent UCCs
The governor signed Assembly Bill 2481 on 5/10/2015. This bill is intended to address the problem of fraudulent UCC filing by providing the filing office with additional reasons for rejection and permits the filing office to terminate allegedly fraudulent records