Financing Statement form for reporting a security interest to be filed with the District of Columbia filing office.
District of Columbia UCC1 Financing Statement
Category:
State:
District of Columbia
Control #:
DC-UCC1
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Description District Of Columbia Ucc Search
How to fill out How To Fill Out A Ucc 1 Form Correctly?
The greater number of papers you have to prepare - the more stressed you feel. You can find a huge number of District of Columbia UCC1 Financing Statement templates on the web, nevertheless, you don't know which ones to rely on. Remove the headache to make finding exemplars easier using US Legal Forms. Get expertly drafted documents that are published to satisfy state specifications.
If you already have a US Legal Forms subscribing, log in to your account, and you'll find the Download key on the District of Columbia UCC1 Financing Statement’s page.
If you have never used our platform before, complete the signing up process using these recommendations:
- Check if the District of Columbia UCC1 Financing Statement applies in your state.
- Double-check your option by reading through the description or by using the Preview function if they’re provided for the chosen document.
- Simply click Buy Now to get started on the signing up process and choose a costs program that fits your needs.
- Insert the requested information to create your account and pay for the order with the PayPal or credit card.
- Choose a prefered document structure and take your duplicate.
Access each file you get in the My Forms menu. Simply go there to prepare new duplicate of the District of Columbia UCC1 Financing Statement. Even when preparing expertly drafted forms, it is nevertheless crucial that you think about asking your local legal representative to double-check filled out sample to ensure that your document is accurately completed. Do much more for less with US Legal Forms!
Ucc Filing Form popularity
Dc Ucc Filing Other Form Names
Florida Ucc Statement Request Form
Ucc Search Washington Dc
Washington Dc Ucc 1 Form
Washington Dc Ucc Filing
Dc Ucc
What Is Ucc Filing
Ucc 1
Washington Dc Ucc Filing Search FAQ
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.
The financing statement is generally filed with the office of the state secretary of state, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization.
Often, secured parties use UCC-1 financing statement forms to achieve perfection of security interest outlined in a security agreement. Prepared and signed by both parties, this form includes the following information: The debtor's name (either the name of an organization or an individual taking on debt).
UCC-1 Financing Statements are commonly referred to as simply UCC-1 filings. UCC-1 filings are used by lenders to announce their rights to collateral or liens on secured loans and are usually filed by lenders with your state's secretary of state office when a loan is first originated.
UCC-1 Financing Statements do not have to be signed by either the Debtor or Secured Party; however, they must be authorized.Although the UCC-1 Financing Statement does not require signatures, any attachment such as the legal description or special terms and conditions may require the signature of the Debtor.
Security interest filings in Washington, DC are filed with the Recorder of Deeds (ROD). If you have a UCC against real property, better known as a fixture filing, this would be filed in the land records of the ROD, while others are found in the chattel records (yes, DC still uses the word chattel).
When is a UCC-1 Filed? UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrower's assets. This motivates lenders to file a UCC-1 as soon as a loan is made.
You should file a UCC-1 Financing Statement with the secretary of state's office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder's office in the county where the debtor's real property is located.
A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors in an effort to publicly declare their right to seize assets of debtors who default on loans.These forms must be filed with agencies located in the state where the borrower's business is incorporated.