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Top Questions and Answers
UCC-3 continuation: A UCC-3 continuation is a type of filing that extends the life of the financial statement by another five years. UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party.
Related Searches
SECURED TRANSACTIONS: TERMINOLOGY. • Secured Transaction: A transaction in which the payment of a debt is guaranteed, or secured, by collateral. We offer thousands of secured transactions forms. Some of the forms offered are listed by area below. For others, please use our search engine. Automobile ... by CG Bradley · 2019 · Cited by 16 — This structure immediately raises questions: Which forms of a debtor's name suffice for a filing to be valid? How can a party be certain of the ... (54) "Manufactured-home transaction" means a secured transaction: (A) that creates a purchase-money security interest in a manufactured home, other than a ... Form may only be used in conjunction with the UCC1 and UCC1Ad Forms to add multiple debtors or secured parties (see instructions on forms). A secured transaction is created when a buyer or borrower (debtor) grants a seller or lender (creditor or secured party) a security interest in personal ... 2019) (ruling that a transaction structured as a sale of $29,200 of future receivables for $20,000, to be repaid in daily increments of $265.45, was a usurious ... Security interests for most types of collateral are usually perfected by filing a document simply called a "financing statement." You'll usually file this form ... A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly ... by SO Weise · 1992 · Cited by 12 — This Article reviews 1991 developments in personal property secured trans- actions under Article 9 of the Uniform Commercial Code (U.C.C.). As typical.
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