If your company loans money to individuals or other companies, you will likely have to draft a financing agreement and file a UCC-1 financing statement at some point. UCC Financing Statement. Of identity theft by including social security numbers or any nonessential personal information on any documents for filing with the. Where should I file a UCC financing statement? What forms do you accept for filing? Do you accept filings electronically or by fax? What are your filing fees?

Manual Despiece Yamaha Crypton 110 here. This article needs additional citations for. Unsourced material may be challenged and removed. (October 2014) () A UCC-1 financing statement (an abbreviation for -1) is a legal form that a files to give notice that it has or may have an interest in the personal property of a (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

This form is filed in order to 'perfect' a creditor's by giving public notice that there is a right to take possession of and sell certain assets for repayment of a specific debt with a certain priority. Bentley Autopipe Plus. Such notices of sale are often found in the local newspapers. Once the form has been filed, the creditor establishes a relative priority with other creditors of the debtor.

This process is also called 'perfecting the security interest' in the property, and this type of loan is a. A financing statement may also be filed in the real estate records by a lessor of fixtures to establish the priority of the lessor's rights against a holder of a mortgage or other lien on the real property. The creditor's rights against the debtor and the lessor's rights against the lessee are based on the credit documents and the lease, respectively, and not the financing statement. Pursuant to the standards set forth in the UCC, at 9-503 and 9-504, the financing statement need only contain three pieces of information: • the debtor's name and address • the creditor's name and address • an indication of the collateral, 'whether or not it is specific, if it reasonably identifies what is described.' (UCC 9-108) The financing statement is generally filed with the office of the, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization. Many states have a state agency that operates under the secretary of state, which is tasked with overseeing business organizations and activities, including receipt of financing statements. However, an exception exists if the collateral is something that is tied to a particular piece of, such as,,.