Uniform Commercial Code Financing Statement Forms Amendment Act of 2025

This bill amends District of Columbia law to update acceptable forms for filing financing statements under the Uniform Commercial Code. It directly affects businesses and creditors who file security interests, as well as the Recorder of Deeds office. The key change allows the Recorder to accept financing statements using forms approved by the International Association of Commercial Administrators (IACA) or forms adopted by the Chief Financial Officer, instead of only the outdated statutory form. This resolves a conflict where filings using the old form were rejected but still legally perfected, creating uncertainty and potential liability for the District. The change aligns D.C. with how other states handle this administrative issue.