District of Columbia Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan

• Category: Loans and Lending
• State: Multi-State
• Control #: US-1177BG
• Format: Word; Rich Text

Description

A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. Personal property is basically anything that is not real property. The District of Columbia Exhibit to UCC-1 Financing Statement is a crucial document that is filed in conjunction with a Fixture Filing for a Commercial Loan in the District of Columbia (DC). This exhibit serves as an additional piece of information that helps identify and perfect the security interest of the lender in fixtures attached to real property. Understanding the nuances and types of DC Exhibit to UCC-1 Financing Statements is essential for both lenders and borrowers involved in commercial loan transactions. Keywords: District of Columbia, Exhibit, UCC-1 Financing Statement, Fixture Filing, Commercial Loan, security interest, real property, lenders, borrowers, commercial loan transactions. Different Types of District of Columbia Exhibit to UCC-1 Financing Statement regarding Fixture Filing for a Commercial Loan: 1. Standard District of Columbia Exhibit to UCC-1 Financing Statement: This is the most commonly used type of exhibit filed in connection with fixture filings for commercial loans in the District of Columbia. It includes essential information such as the name and address of the secured party (lender), debtor (borrower), and a description of the collateral (fixtures). 2. Amended District of Columbia Exhibit to UCC-1 Financing Statement: This type of exhibit is filed when there is a need to make changes or corrections to the previously filed District of Columbia Exhibit to UCC-1 Financing Statement. It updates information related to the secured party, debtor, or the collateral description. 3. Terminating District of Columbia Exhibit to UCC-1 Financing Statement: When a commercial loan is fully repaid or a security interest in the fixtures is released, this type of exhibit is filed to officially terminate the District of Columbia Exhibit to UCC-1 Financing Statement. It confirms the satisfaction or release of the security interest and removes the fixture filing from public record. 4. Continuation District of Columbia Exhibit to UCC-1 Financing Statement: In cases where the original fixture filing is close to expiration, a continuation exhibit can be filed to extend the effectiveness of the District of Columbia Exhibit to UCC-1 Financing Statement. This ensures that the security interest in the fixtures remains perfected and valid. 5. Amendment District of Columbia Exhibit to UCC-1 Financing Statement: When there is a need to modify or update specific details within the original District of Columbia Exhibit to UCC-1 Financing Statement, an amendment exhibit is filed. This may include changes to the secured party information, debtor information, or collateral description. These different types of District of Columbia Exhibit to UCC-1 Financing Statements provide legal clarity and transparency in commercial loan transactions by accurately documenting and preserving the security interest of lenders in fixtures attached to real property.

The District of Columbia Exhibit to UCC-1 Financing Statement is a crucial document that is filed in conjunction with a Fixture Filing for a Commercial Loan in the District of Columbia (DC). This exhibit serves as an additional piece of information that helps identify and perfect the security interest of the lender in fixtures attached to real property. Understanding the nuances and types of DC Exhibit to UCC-1 Financing Statements is essential for both lenders and borrowers involved in commercial loan transactions. Keywords: District of Columbia, Exhibit, UCC-1 Financing Statement, Fixture Filing, Commercial Loan, security interest, real property, lenders, borrowers, commercial loan transactions. Different Types of District of Columbia Exhibit to UCC-1 Financing Statement regarding Fixture Filing for a Commercial Loan: 1. Standard District of Columbia Exhibit to UCC-1 Financing Statement: This is the most commonly used type of exhibit filed in connection with fixture filings for commercial loans in the District of Columbia. It includes essential information such as the name and address of the secured party (lender), debtor (borrower), and a description of the collateral (fixtures). 2. Amended District of Columbia Exhibit to UCC-1 Financing Statement: This type of exhibit is filed when there is a need to make changes or corrections to the previously filed District of Columbia Exhibit to UCC-1 Financing Statement. It updates information related to the secured party, debtor, or the collateral description. 3. Terminating District of Columbia Exhibit to UCC-1 Financing Statement: When a commercial loan is fully repaid or a security interest in the fixtures is released, this type of exhibit is filed to officially terminate the District of Columbia Exhibit to UCC-1 Financing Statement. It confirms the satisfaction or release of the security interest and removes the fixture filing from public record. 4. Continuation District of Columbia Exhibit to UCC-1 Financing Statement: In cases where the original fixture filing is close to expiration, a continuation exhibit can be filed to extend the effectiveness of the District of Columbia Exhibit to UCC-1 Financing Statement. This ensures that the security interest in the fixtures remains perfected and valid. 5. Amendment District of Columbia Exhibit to UCC-1 Financing Statement: When there is a need to modify or update specific details within the original District of Columbia Exhibit to UCC-1 Financing Statement, an amendment exhibit is filed. This may include changes to the secured party information, debtor information, or collateral description. These different types of District of Columbia Exhibit to UCC-1 Financing Statements provide legal clarity and transparency in commercial loan transactions by accurately documenting and preserving the security interest of lenders in fixtures attached to real property.