---
title: "Build the UCC termination checklist once a facility is repaid"
url: "https://ailawframework.com/practice/banking-and-finance/end-the-ppsr-registrations-once-a-facility-is-repaid/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-J20261018-1-US"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Build the UCC termination checklist once a facility is repaid

> Match each financing statement on the search to the payoff letter and list the file number, debtor and secured party of record. Do not file a termination statement.

Canonical page: https://ailawframework.com/practice/banking-and-finance/end-the-ppsr-registrations-once-a-facility-is-repaid/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Match each financing statement on the search to the payoff letter and list the file number, debtor and secured party of record. Do not file a termination statement. |
| What the lawyer must review | U.C.C. § 9-513 splits the duty. For collateral that is consumer goods, the secured party of record must file a termination statement within one month after there is no secured obligation and no commitment to advance, or within 20 days after an authenticated demand if that is earlier. For other collateral, within 20 days after an authenticated demand the secured party must send the debtor a termination statement or file it. Read the state’s enactment and the search before you authorise a filing. |
| Written for | United States |
| Applies to | [End the PPSR registrations once a facility is repaid](https://ailawframework.com/practice/banking-and-finance/end-the-ppsr-registrations-once-a-facility-is-repaid.md) |

## Checking plan

- What the AI does: Match each financing statement on the search to the payoff letter and list the file number, debtor and secured party of record. Do not file a termination statement.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Consumer-goods filings and other filings are different subsections. Do not use one deadline for both.
- A termination statement ends effectiveness of the financing statement it identifies. Match the file number.

## Sources

- [U.C.C. § 9-513, Termination statement](https://www.law.cornell.edu/ucc/9/9-513) (checked 2026-10-22)
- [U.C.C. § 9-502, Contents of financing statement](https://www.law.cornell.edu/ucc/9/9-502) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*