Replace Text In Legal Texas Financial Statements Forms For Free

An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.

Texas has one form for all domestic for-profit businesses. Fill out and file in duplicate Form 424, Certificate of Amendment. You can file it in person, by mail or online at Texas SOSDirect for $1 log in fee. You also can fax your amendment with form 807 with your credit card information.

In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

A UCC filing, also known as a UCC lien or a UCC-1, is a financing statement which lenders can file against your business with your secretary of state. When you take out a secured loan, the lender may file a lien to protect the asset(s) you committed to secure financing.

This form is designed to provide a standardized amendment. form to effect a change of name for the filing entity. If the legal name of the entity is to be changed, state the new name of the entity in section 1.

A UCC financing statement ? also called a UCC-1 financing statement or a UCC-1 filing ? is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.