Washington & the 2010 Amendments to UCC Article 9

July 31, 2013

UCC filers should take note of the following information for the state of Washington: the state’s statutes have not been updated to reflect the correct version of Rev. Code Wash. § 62A.9A-503(a)(4).  When Washington originally enacted the 2010 Amendments, it adopted the Alternative B Safe Harbor for individual debtor name sufficiency.

This year, the legislature amended § 62A.9A-503(a)(4) to Alternative A “Only If” approach, effective on July 1, 2013.  However, the official statutes have not been updated as of July 30, 2013.  Consequently, UCC filers who rely on the published statute in Washington may not be in compliance with the requirements of the law currently in effect unless they file under the name indicated on the debtor’s driver’s license.