Mich. Comp. Laws » Michigan Compiled Laws / Chapter 440 / Act 174 of 1962
Michigan Compiled Laws

Mich. Comp. Laws § 440.9502 (2026)

Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.9502 Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

Sec. 9502.

    (1) Subject to subsection (2), a financing statement is sufficient only if it does all of the following:

    (a) Provides the name of the debtor.

    (b) Provides the name of the secured party or a representative of the secured party.

    (c) Indicates the collateral covered by the financing statement.

    (2) Except as otherwise provided in section 9501(2), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or that is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (1) and also do all of the following:

    (a) Indicate that it covers this type of collateral.

    (b) Indicate that it is to be recorded in the real property records.

    (c) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property.

    (d) If the debtor does not have an interest of record in the real property, provide the name of a record owner.

    (3) A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if all of the following apply:

    (a) The record indicates the goods or accounts that it covers.

    (b) The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut.

    (c) The record satisfies the requirements for a financing statement in this section, subject to the following:

    (i) The record need not indicate that it is to be filed in the real property records.

    (ii) The record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom section 9503(1)(d) applies.

    (d) The record is duly recorded.

    (4) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1978, Act 369, Eff. Jan. 1, 1979 ;-- Am. 2000, Act 348, Eff. July 1, 2001 ;-- Am. 2012, Act 88, Eff. July 1, 2013

Notes of Decisions
Cited in 10 cases, 1995–2018 · leading case: Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006).
Sort: Relevance Newest Treatment
Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006). · cites it 3× “Plaintiff's Postdefault Debtor's Rights Plaintiff's first count argues that the provision allowing defendant to purchase plaintiff's collateral for $350,000, less any outstanding balance owed under the parties' promissory note, was an unlawful predefault waiver of rights under…”
Prime Fin. Servs. LLC v. Vinton, 761 N.W.2d 694 (Mich. Ct. App. 2008). “See MCL 440.9502(2) (noting that the debtor has the right to surplus), MCL 440.”
H.S. Die & Eng'g, Inc. v. Ford Motor Co. (In Re Plastech Engineered Prods., Inc.), 418 B.R. 235 (Bankr. E.D. Mich. 2009). · cites it 6× “Die counters that both tooling lien statutes incorporate Mich. Comp. Laws Ann. § 440.9502 , (requiring the filing of a financing statement in accordance with the requirements of that section), but only § 440.”
Frank v. ITT Com. Fin. Corp. (In Re Thompson Boat Co.), 230 B.R. 815 (Bankr. E.D. Mich. 1995). · cites it 2× “Article 9 also refers to the party granting a security interest in accounts as an “assignor,” see Mich. Comp. Laws § 440.9502 (1), which by logical extension would cast the secured party in the role of “assignee.”
CG Automation & Fixture, Inc. v. Autoform, Inc., 804 N.W.2d 781 (Mich. Ct. App. 2011). · cites it 3× “(2) A moldbuilder shall file a financing statement in accordance with the requirements of section 9502 of the uniform commercial code, 1962 PA 174 , MCL 440.9502. (3) A moldbuilder has a lien on any die, mold, or form identified pursuant to subsection (1).”
Buffalo Molded Plastics, Inc. v. Plastic Mold Tech., Inc. (In Re Buffalo Molded Plastics, Inc.), 354 B.R. 731 (Bankr. W.D. Pa. 2006). “(2) A moldbuilder shall file a financing statement in accordance with the requirements of section 9502 of the uniform commercial code, 1962 PA 174 , MCL 440.9502. (3) A moldbuilder has a lien on any die, mold, or form identified pursuant to subsection (1).”
D & L Equip. Inc. v. Wells Fargo Equip. Fin., Inc. (In Re D & L Equip. Inc.), 457 B.R. 616 (E.D. Mich. 2011). · cites it 8× “” Mich. Comp. Laws § 440.9502 (1). Next, § 9-504 states that “[a] financing statement sufficiently indicates the collateral that it covers” if it provides “[a] description of the collateral pursuant to section 9[ — J108.”
Gold v. Pasternak (In Re Harvey Goldman & Co.), 455 B.R. 621 (Bankr. E.D. Mich. 2011). · cites it 8× “Mich. Comp. Laws Ann. § 440.9502 (1) governs the contents of a financing statement.”
Sejasmi Indus. Inc v. A+ Mold Inc (Mich. Ct. App. 2016). “The amount of the lien is the amount that a customer or molder owes the moldbuilder for the fabrication, repair, or modification of the die, mold, or form.”
Sejasmi Indus. Inc v. A+ Mold Inc, 920 N.W.2d 570 (Mich. 2018). “(2) A moldbuilder shall file a financing statement in accordance with the requirements of [ MCL 440.9502 ]. (3) A moldbuilder has a lien on any die, mold, or form identified pursuant to subsection (1).”
— Mich. Comp. Laws § 440.9502(2) — 2 cases
Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006). “Plaintiff's Postdefault Debtor's Rights Plaintiff's first count argues that the provision allowing defendant to purchase plaintiff's collateral for $350,000, less any outstanding balance owed under the parties' promissory note, was an unlawful predefault waiver of rights under…”
Prime Fin. Servs. LLC v. Vinton, 761 N.W.2d 694 (Mich. Ct. App. 2008). “See MCL 440.9502(2) (noting that the debtor has the right to surplus), MCL 440.”
— Mich. Comp. Laws § 440.9502(l)(a) — 1 case
Gold v. Pasternak (In Re Harvey Goldman & Co.), 455 B.R. 621 (Bankr. E.D. Mich. 2011). “Mich. Comp. Laws Ann. § 440.9502 (1) governs the contents of a financing statement.”
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