The Louisiana UCC-5 Information Statement is a document required for the filing of a UCC financing statement with the Louisiana Secretary of State. This document is used to provide information about the secured party, the debtor, and the collateral involved in the transaction. It is important to note that the UCC financing statement is not the same as the security agreement, which is a separate document. The Louisiana UCC-5 Information Statement is typically required to be filed in addition to the UCC financing statement in order to provide additional information about the security agreement. There are three types of Louisiana UCC-5 Information Statement: UCC-5A, UCC-5B, and UCC-5C. The UCC-5A is used for filing a UCC-1 financing statement, while the UCC-5B is used for filing a UCC-3 amendment, and the UCC-5C is used for filing a UCC-4 information statement. The information statement must include the name of the secured party, the name of the debtor, and the type of collateral involved in the transaction. It must also include the address of the secured party, the address of the debtor, and the date of the transaction. Additionally, the filing fee must also be included in the Information Statement.
Louisiana UCC-5 Information Statement
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How to fill out Louisiana UCC-5 Information Statement?
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Yes, Louisiana follows the Uniform Commercial Code, which is vital for business transactions involving secured interests. The code includes provisions for the Louisiana UCC-5 Information Statement, allowing creditors to secure their interests in a debtor’s assets. This system ensures legal clarity and protects both parties involved. You can easily access relevant forms and guidance through platforms like uslegalforms to navigate Louisiana's UCC requirements.
A UCC Search is generally conducted when a lender or other business management related interest wants to know if the assets of a business are owed as a collateral for a debt.
You can find UCC (Uniform Commercial Code) data yourself on the Secretary of State website for each state. Click on the link and search by a debtor's (buyer's) personal or business name. To view the record, click on the file number.
UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor's address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State's website.
A request for a certified search of the UCC records must be submitted in writing to one of the Clerk of Court offices. The fee for the search is $30 per debtor name. The Secretary of State offers subscriptions to the UCC database for an annual fee of $400. The fee allows the subscriber unlimited usage.
In January of 1990, Louisiana adopted the Uniform Commercial Code.
In Louisiana, you may file an Original Financing Statement (UCC-1) with any of our 64 Parish filing offices. The Secretary of State's Office manages and maintains a statewide database and all 64 filing officers have access to this system.
UCC5 Information Statement Form A UCC5, filed by either the debtor or secured party, is solely intended to 'inform' third parties searching the UCC public records of the following: 'RECORD IS INACCURATE' 'RECORD WAS WRONGFULLY FILED' 'RECORD FILED BY PERSON NOT ENTITLED TO DO SO'
