What is a fixture filing?

A fixture filing is a legal document that is filed with the appropriate government agency to establish a security interest in a fixture, which is a piece of personal property that is attached to real property. This type of filing is often used in commercial lending transactions to secure a loan with the fixture serving as collateral.

A fixture filing typically includes details about the fixture being used as collateral, the amount of the loan, and the terms of the security interest. This filing acts as public notice that the lender has a security interest in the fixture, giving them priority over other creditors in the event of default.

To be valid, a fixture filing must comply with the requirements of the Uniform Commercial Code (UCC) and be filed with the appropriate agency, such as the county recorder's office. It is important for lenders to properly file a fixture filing to protect their interests in the event of default or bankruptcy by the borrower.