Atmos reserves the right to file a Uniform Commercial Code (UCC) form called a “UCC-1 filing” at both the State and County level in order to give public notice that you have entered into a security agreement with Atmos Financial, PBC. Listed in the UCC-1 filing is certain equipment associated with your solar system.
If your mortgage provider were to ever need to foreclose on your home, or if you tried to sell the home without first repaying your loan, then the UCC-1 filing would show up in a title search in the public records. It would notify other parties that the project equipment is not a part of the residence or “real property” (instead, it is removable personal property) and that it is being used as collateral for your loan. The UCC-1 filing includes your name, address, and a description of the collateral (which is an itemized list of your project equipment). Atmos removes the UCC-1 filing after your loan is fully paid off.