Idaho UCC1 Financing Statement Addendum

• Category: Statewide - Bankruptcy
• State: Idaho
• Control #: ID-UCC1-A
• Format: PDF

Description

UCC1 - Financing Statement Addendum - Idaho - For use after July 1, 2001. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.

The Idaho UCC1 Financing Statement Addendum is an additional form meant to supplement the UCC1 Financing Statement. This form is used to record the security interest of a secured party in the collateral of the debtor, usually used in the event of a loan. The addendum is filed with the Idaho Secretary of State and serves as public notice of the security interest. There are two types of Idaho UCC1 Financing Statement Addendum: the Initial Financing Statement Addendum and the Continuation Financing Statement Addendum. The Initial Financing Statement Addendum is used when the secured party is attempting to perfect a security interest in the collateral of the debtor. The Continuation Financing Statement Addendum is used when the secured party is attempting to maintain the security interest in the collateral of the debtor. Both forms serve to provide public notice of the secured party's interest and must be signed by the debtor.