Farm Products Financing Statement form for use under Food Security Act of 1985 for security interest filings with Oregon filing office.
The Eugene Oregon UCC EFS-1 Farm Products Financing Statement is a legal document used in the state of Oregon to establish a security interest in farm products. This statement is designed to protect the interests of lenders who provide financing to farmers and agricultural businesses. The UCC, which stands for Uniform Commercial Code, is a set of laws that governs commercial transactions in the United States, including the sale of goods and the granting of secured loans. The purpose of the UCC EFS-1 Farm Products Financing Statement is to publicly notify other potential lenders of the existence of a prior security interest in the farm products, preventing them from making competing claims. Keywords: Eugene Oregon, UCC EFS-1, Farm Products Financing Statement, security interest, lenders, financing, farmers, agricultural businesses, UCC, Uniform Commercial Code, commercial transactions, sale of goods, secured loans, prior security interest. There are different types of Eugene Oregon UCC EFS-1 Farm Products Financing Statements, depending on the specific situation. Here are a few examples: 1. UCC EFS-1 Farm Products Financing Statement (Initial Filing): This type of statement is filed when a lender initially establishes a security interest in the farm products of a debtor. It provides basic information about the lender, debtor, and the collateral being financed. 2. UCC EFS-1 Farm Products Financing Statement (Amendment): This statement is filed when there is a need to modify or amend an existing financing statement. It may include changes such as updating the debtor's information, adding or removing collateral, or extending the filing period. 3. UCC EFS-1 Farm Products Financing Statement (Termination): This statement is filed to terminate or release a previously filed financing statement. It is used when the debt has been repaid or when the security interest is no longer valid. Keywords: UCC EFS-1 Farm Products Financing Statement, Initial Filing, Amendment, Termination, lender, debtor, collateral, modify, amend, existing financing statement, updating, removing, extension, filing period, terminate, release, repaid, valid. In summary, the Eugene Oregon UCC EFS-1 Farm Products Financing Statement is a crucial document in securing loans for farmers and agricultural businesses. It establishes a legal claim over farm products, protects lenders' interests, and ensures transparency in commercial transactions. Understanding the different types of filings, such as Initial Filing, Amendment, and Termination, is essential for navigating the process effectively.The Eugene Oregon UCC EFS-1 Farm Products Financing Statement is a legal document used in the state of Oregon to establish a security interest in farm products. This statement is designed to protect the interests of lenders who provide financing to farmers and agricultural businesses. The UCC, which stands for Uniform Commercial Code, is a set of laws that governs commercial transactions in the United States, including the sale of goods and the granting of secured loans. The purpose of the UCC EFS-1 Farm Products Financing Statement is to publicly notify other potential lenders of the existence of a prior security interest in the farm products, preventing them from making competing claims. Keywords: Eugene Oregon, UCC EFS-1, Farm Products Financing Statement, security interest, lenders, financing, farmers, agricultural businesses, UCC, Uniform Commercial Code, commercial transactions, sale of goods, secured loans, prior security interest. There are different types of Eugene Oregon UCC EFS-1 Farm Products Financing Statements, depending on the specific situation. Here are a few examples: 1. UCC EFS-1 Farm Products Financing Statement (Initial Filing): This type of statement is filed when a lender initially establishes a security interest in the farm products of a debtor. It provides basic information about the lender, debtor, and the collateral being financed. 2. UCC EFS-1 Farm Products Financing Statement (Amendment): This statement is filed when there is a need to modify or amend an existing financing statement. It may include changes such as updating the debtor's information, adding or removing collateral, or extending the filing period. 3. UCC EFS-1 Farm Products Financing Statement (Termination): This statement is filed to terminate or release a previously filed financing statement. It is used when the debt has been repaid or when the security interest is no longer valid. Keywords: UCC EFS-1 Farm Products Financing Statement, Initial Filing, Amendment, Termination, lender, debtor, collateral, modify, amend, existing financing statement, updating, removing, extension, filing period, terminate, release, repaid, valid. In summary, the Eugene Oregon UCC EFS-1 Farm Products Financing Statement is a crucial document in securing loans for farmers and agricultural businesses. It establishes a legal claim over farm products, protects lenders' interests, and ensures transparency in commercial transactions. Understanding the different types of filings, such as Initial Filing, Amendment, and Termination, is essential for navigating the process effectively.
