Correction Statement used to report inaccurate or wrongly filed records (as designated in the form) on file with the Arkansas filing office.
Correction Statement used to report inaccurate or wrongly filed records (as designated in the form) on file with the Arkansas filing office.
Utilizing examples of the Arkansas UCC5 Correction Statement provided by knowledgeable attorneys offers you the chance to prevent complications when filing documents.
Simply acquire the form from our site, complete it, and ask a legal expert to confirm it.
By doing this, you can save significantly more time and expenses than having an attorney create a file entirely from the beginning for you.
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A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors as a way to publicly declare their rights to potentially obtain the personal properties of debtors who default on business loans they extend.
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.
A UCC-3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC-1 filing. 1. A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State's office in the appropriate state.
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'