What type of information can a Uniform Commercial Code (UCC) filings search primarily help identify?

A Uniform Commercial Code (UCC) filings search is specifically designed to provide information about secured transactions involving personal property. The UCC requires that lenders file a public record when they have a security interest in personal property to secure a debt. This filing documents the lender’s rights to the specified collateral in the event that the borrower defaults on the loan. As such, the primary type of information that can be identified through a UCC filings search relates to personal property that an individual or business has financed, including the nature of the collateral and the parties involved in the transaction.

This information is particularly valuable for lenders, creditors, and other stakeholders who need to assess the financial position of a business or individual, as it helps establish existing liens and obligations. Understanding the items that are under security interest can illuminate potential risks when entering into new credit agreements or assessing financial stability. Thus, option B is correct because it accurately reflects the focus of UCC filings on personal property financing.