[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP] Dear [Bank Name], RE: TRANSMITTAL OF UCC-1 FORMS FOR LOAN CLOSING — HAWAII I am writing to provide the necessary UCC-1 forms for the upcoming loan closing, as discussed with [Loan Officer's Name] on [Date of Discussion]. These forms pertain to the loan agreement between [Your Company Name] and [Bank Name] dated [Loan Closing Date]. As per your request, enclosed please find the following UCC-1 forms for filing: 1. UCC-1 Financing Statement: This form is used to establish a creditor's security interest in the specified collateral. It includes details such as the debtor's legal name and address, the secured party's information (our company), and a description of the collateral securing the loan. 2. UCC-1 Addendum: This supplemental form may be necessary if there is not enough space on the UCC-1 Financing Statement to adequately describe the collateral. It provides additional space for providing a detailed description of the collateral. 3. UCC-1 Financing Statement Amendment: This form is used if there are any changes or corrections required to the previously filed UCC-1 Financing Statement. It enables the modification of information such as the debtor's name, address, or secured party's information. Please note that the UCC-1 forms have been fully completed, signed, and notarized where required. Should you need any further documentation or information, please do not hesitate to contact me at the provided contact details. We understand the importance of prompt filing to ensure our security interest in the collateral. Therefore, we kindly request that you process and file these UCC-1 forms expeditiously, while notifying us once the filing has been completed. Thank you for your attention to this matter. We value our partnership with [Bank Name] and appreciate your assistance in finalizing the loan closing. Should you have any questions or require any additional information, please feel free to reach out to me. We look forward to a successful loan closing and a continued fruitful relationship. Sincerely, [Your Name] [Your Title] [Your Company Name] Enclosures: — UCC-1 FinancinStatementen— - UCC-1 Addendum (if applicable) — UCC-1 Financing Statement Amendment (if applicable)
Hawaii Sample Letter Transmitting UCC-1 Forms for a Loan Closing
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How to fill out Hawaii Sample Letter Transmitting UCC-1 Forms For A Loan Closing?
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They're usually filed by lenders with the debtor's state's secretary of state office when a loan is first originated. If the collateral is tangible property, such as equipment, the lender may also file the UCC lien with the county recorder's office in the county where the property is located.
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.
1 financing statement contains three important pieces of information: Parts 1 and 2 contain the personal and contact information of the borrower. Part 3 contains the personal and contact information of the secured partyotherwise known as the creditor. Part 4 describes the collateral covered in the UCC lien.
In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).
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.
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.
UCC-1 Financing Statements, commonly referred to as simply UCC-1 filings, are used by lenders to announce their rights to collateral or liens on secured loans. They're usually filed by lenders with the debtor's state's secretary of state office when a loan is first originated.
Article 9 of the Uniform Commercial Code governs secured transactions. It provides a mechanism whereby a secured creditor can perfect its security interest in the debtor's assets by filing a UCC-1 financing statement. In theory, anyone can file a UCC-1 against anyone else.
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.
How to complete a UCC1 (Step by Step)Filer Information. Name and phone number of contact at filer. Email contact at filer.Debtor Information. Organization or individual's name. Mailing address.Secured Party Information. Organization or individual's name. Mailing address.Collateral Information. Description of collateral.
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The information set forth is a general summary. Alabama's residents are urged to review and become familiar with relevant federal and state laws governing their eligibility to vote and the qualifications applicable to office.
