Maine UCC Financing Statement Amendment - Assignment
Description
How to fill out Maine UCC Financing Statement Amendment - Assignment?
You are welcome to the biggest legal files library, US Legal Forms. Here you can get any template including Maine UCC Financing Statement Amendment - Assignment templates and download them (as many of them as you want/need). Prepare official files in just a several hours, rather than days or weeks, without spending an arm and a leg with an legal professional. Get the state-specific form in clicks and be confident with the knowledge that it was drafted by our state-certified lawyers.
If you’re already a subscribed consumer, just log in to your account and then click Download near the Maine UCC Financing Statement Amendment - Assignment you want. Because US Legal Forms is online solution, you’ll generally get access to your downloaded templates, no matter what device you’re using. See them inside the My Forms tab.
If you don't have an account yet, what are you awaiting? Check our guidelines below to get started:
- If this is a state-specific form, check its applicability in your state.
- Look at the description (if offered) to understand if it’s the correct example.
- See more content with the Preview option.
- If the example fulfills your needs, just click Buy Now.
- To create your account, choose a pricing plan.
- Use a credit card or PayPal account to join.
- Download the file in the format you need (Word or PDF).
- Print the file and complete it with your/your business’s info.
When you’ve completed the Maine UCC Financing Statement Amendment - Assignment, send out it to your attorney for confirmation. It’s an extra step but an essential one for making sure you’re totally covered. Become a member of US Legal Forms now and get a mass amount of reusable samples.
Form popularity
FAQ
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.
Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Form UCC3 is used to amend (make changes to) a UCC1 filing.However, it is important to note that for a UCC1 filing a termination is only an amendment and that the UCC1 filing may be amended further, even after a termination has been filed. Box 3 Continuation A UCC1 filing is good for five years.
Also known as a UCC-3, and, depending on the context, a UCC-3 financing statement amendment, a UCC-3 termination statement, and a UCC-3 continuation statement. Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).
If you're approved for a small-business loan, a lender might file a UCC financing statement or a UCC-1 filing. This is just a legal form that allows for the lender to announce lien on a secured loan. This allows for the lender to seize, foreclose or even sell the underlying collateral if you fail to repay your loan.
Rules vary by State around releasing a UCC lien after a borrower satisfied the debt. Primarily there are two main ways to remove them. One way is by having the lender file a UCC-3 Financing Statement Amendment. Another way to remove a UCC filing is by swearing an oath of full payment at the secretary of state office.
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).
