Indiana UCC Information Statement is a document filed with the Indiana Secretary of State in order to provide public notice of a secured party’s interest in the personal property of a debtor. It is a required filing in order to perfect a security interest in certain types of personal property, such as motor vehicles, farm products, and equipment. It is usually prepared by a secured party in order to gain priority over other creditors in the event of a bankruptcy or other collection action. Indiana UCC Information Statement is also known as a UCC-1. There are four different types of Indiana UCC Information Statement. A UCC-1 Financing Statement is used to perfect a security interest in personal property and real estate; a UCC-3 Amendment is used to modify or terminate a previously filed UCC-1; a UCC-4 Financing Statement Amendment is used to correct a mistake in a previously filed UCC-1; and a UCC-5 Information Statement is used to provide public notice of an assignment or collateral change.
Indiana UCC Information Statement
Description
How to fill out Indiana UCC Information Statement?
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