The Uniform Commercial Code Financing Statement Forms Amendment Act of 2025 aims to amend Section 9-521 of the Uniform Commercial Code in the District of Columbia. The amendment addresses inconsistencies between the statutory form for financing statements used in secured transactions and the forms utilized by the International Association of Commercial Administrators (IACA). Currently, the Recorder of Deeds and other filing offices have stopped accepting the statutory form, which creates a situation where a debtor's interest can be perfected even if the filing office rejects the statutory form. This could lead to uncertainty and potential liability for the District. The proposed amendment would ensure that the filing office cannot refuse to accept a financing statement that conforms to the IACA-approved format or a format adopted by the Chief Financial Officer.

Additionally, the bill includes a change in terminology, replacing the word "Mayor" with "Chief Financial Officer" in Section 9-526 of the D.C. Official Code. This legislative change has been reviewed and approved by the Recorder of Deeds, and it is intended to align the District's practices with those of other states that have already made similar amendments to their versions of the U.C.C. The act will take effect following the necessary approval processes, including a 30-day Congressional review period.