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UCC5 Information Statement Form A UCC5, filed by either the debtor or secured party, is solely intended to 'inform' third parties searching the UCC public records of the following: 'RECORD IS INACCURATE' 'RECORD WAS WRONGFULLY FILED' 'RECORD FILED BY PERSON NOT ENTITLED TO DO SO'

Article 9 is a section under the UCC governing secured transactions including the creation and enforcement of debts. Article 9 spells out the procedure for settling debts, including various types of collateralized loans and bonds.

Article 9 of the Uniform Commercial Code requires a financing statement to include the name of the debtor. It is important to set forth the exact legal name of the debtor in any filings that are made.

Article 9 generally deals with consensual security interests in personal property. A security interest is defined by the UCC to mean ?an interest in personal property or fixtures, which secures payment or performance of an obligation.? See UCC §1-201(37).

A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.

Article 9 of the UCC governs transactions that combine a debt with a creditor's interest in a debtor's personal property. The Department of State maintains Uniform Commercial Code Article 9 financing statements and amendments as well as notices of federal tax liens and related notices and certificates.