Wisconsin Statutes

Wis. Stat. § 409.502 (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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409.502409.502 Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

409.502(1)(1) Sufficiency of financing statement. Subject to sub. (2), a financing statement is sufficient only if it:

409.502(1)(a)(a) Provides the name of the debtor;

409.502(1)(b)(b) Provides the name of the secured party or a representative of the secured party; and

409.502(1)(c)(c) Indicates the collateral covered by the financing statement.

409.502(2)(2) Real-property-related financing statements. Except as otherwise provided in s. 409.501 (2), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy sub. (1) and also:

409.502(2)(a)(a) Indicate that it covers this type of collateral;

409.502(2)(b)(b) Indicate that it is to be filed for record in the real property records;

409.502(2)(c)(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; and

409.502(2)(d)(d) If the debtor does not have an interest of record in the real property, provide the name of a record owner.

409.502(3)(3) Record of mortgage as financing statement. 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:

409.502(3)(a)(a) The record indicates the goods or accounts that it covers;

409.502(3)(b)(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;

409.502(3)(c)(c) The record satisfies the requirements for a financing statement in this section, but:

409.502(3)(c)1.1. The record need not indicate that it is to be filed in the real property records; and

409.502(3)(c)2.2. 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 s. 409.503 (1) (dm) applies; and

409.502(3)(d)(d) The record is duly recorded.

409.502(4)(4) Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.

409.502 HistoryHistory: 2001 a. 10; 2011 a. 206.

409.502 AnnotationFinancing Statements Under Revised UCC Article 9. Ireland. Wis. Law. Aug. 2001.

Notes of Decisions

Cited in 6 cases, 1990–2017 · leading case: Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001).

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Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001). · cites it 12× “Wis. Stat. §§ 409.502 , 409.504. The debtor could not waive these two rights.”

Bank of Waunakee, a Wisconsin Banking Corp. v. Rochester Cheese Sales, Inc., a Minnesota Corp., 906 F.2d 1185 (7th Cir. 1990). “Wis.Stat. § 409.502(1) (emphasis added). The UCC, which “is not a comprehensive codification of commercial law,” 1 J.”

Rameker v. Farmers State Bank (In Re Lynch), 313 B.R. 798 (Bankr. W.D. Wis. 2004). · cites it 2× “” Wis. Stat. 409.502(1) (c) (emphasis added).”

Lanser v. First Bank Fin. Centre (In re Vorobil), 568 B.R. 797 (Bankr. E.D. Wis. 2017). · cites it 2× “It follows that a financing statement does not sufficiently “provide” the debtor’s name in accordance with Wis. Stat. §§ 409.502 (l)(a) and 409.503 if it incorrectly designates the debtor’s name as an organization when the debtor is an individual.”

Thrun v. Blackhawk Cmty. Credit Union (In re Thrun), 495 B.R. 861 (Bankr. W.D. Wis. 2013). · cites it 2× “Wisconsin did not enact this revision to Wis. Stat. § 409.502 , but under Milwaukee Mack, the description requirements should be evaluated under the same standard anyway.”

Metro Constr. Co., LLC. v. Sim Attractions, LLC. (Tenn. Ct. App. 2009). “Wis. Stat. Ann.§ 409.502 (2003).7 The financing statement filed by Fitraco names Sim Attractions LLC as the debtor, lists Fitraco N.”

— Wis. Stat. § 409.502(1) — 2 cases

Rameker v. Farmers State Bank (In Re Lynch), 313 B.R. 798 (Bankr. W.D. Wis. 2004). “” Wis. Stat. 409.502(1) (c) (emphasis added).”

— Wis. Stat. § 409.502(1)(c) — 1 case

Rameker v. Farmers State Bank (In Re Lynch), 313 B.R. 798 (Bankr. W.D. Wis. 2004). “” Wis. Stat. 409.502(1) (c) (emphasis added).”

— Wis. Stat. § 409.502(2) — 1 case

Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001). “Wis. Stat. §§ 409.502 , 409.504. The debtor could not waive these two rights.”

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