Maine Exhibit to UCC-1 Financing Statement is a legal document that serves as an attachment to the UCC-1 Financing Statement for commercial loans. It specifically pertains to fixture filing, which involves collateral securing a loan by attaching it to real property. Here are various types of Maine Exhibit to UCC-1 Financing Statement documents related to fixture filings for commercial loans: 1. Maine Exhibit to UCC-1 Financing Statement — Fixture Filing: This document provides an itemized list of fixtures associated with a commercial loan. It includes detailed descriptions of the specific fixtures, such as machinery, equipment, or other improvements that are physically attached or affixed to the property. 2. Maine Exhibit to UCC-1 Financing Statement — Collateral Description: This type of exhibit expands on the collateral mentioned in the UCC-1 Financing Statement. It provides a comprehensive and detailed description of the fixtures subject to the security interest, serving as a reference guide for all parties involved. 3. Maine Exhibit to UCC-1 Financing Statement — Value and Appraisal: This exhibit focuses on providing an evaluation and appraisal of the fixtures associated with the commercial loan. It may include information on the estimated value, condition, and marketability of the fixtures, helping lenders assess the collateral's worth and potential risks. 4. Maine Exhibit to UCC-1 Financing Statement — Priority and Subordination Agreement: If there are multiple parties involved in financing the same fixture, this document outlines the priority and subordination agreement between them. It establishes the lien holder's priority rights concerning the fixtures, ensuring clarity and fairness in the event of default or foreclosure. 5. Maine Exhibit to UCC-1 Financing Statement — Amendments and Modifications: This type of exhibit comes into play when changes or modifications are made to the original fixture filing. It includes revisions, extensions, or amendments to the initial financing statement, ensuring that all parties have updated information on the fixtures associated with the commercial loan. 6. Maine Exhibit to UCC-1 Financing Statement — Terminations and Discharges: This document is used when the commercial loan is fully repaid or when the fixtures are no longer required as collateral. It provides a formal record of the termination or discharge of the security interest, releasing the fixtures from any lien or encumbrance. In summary, these various types of Maine Exhibit to UCC-1 Financing Statement documents related to fixture filings for commercial loans help provide a detailed description and understanding of the collateral, prioritization, valuation, modifications, and termination associated with fixture filings securing a commercial loan.
Maine Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan
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How to fill out Maine Exhibit To UCC-1 Financing Statement Regarding A Fixture Filing For A Commercial Loan?
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FAQ
(Financial Statement) Filings. Financing statements are filed in the Circuit Court Clerk's Office (Room 300) to perfect a security interest against a debtor in favor of a secured party if collateral is oil, gas or mineral, timber to be cut, or a fixture filing.
Completed forms along with the applicable fees can be mailed to Secretary of State, UCC Section, P.O. Box 942835, Sacramento, CA 94235-0001 or delivered in person (drop off) to the Sacramento office, 1500 11th Street, Sacramento, CA 95814.
Security interest filings in Washington, DC are filed with the Recorder of Deeds (ROD). If you have a UCC against real property, better known as a ?fixture filing?, this would be filed in the land records of the ROD, while vast majority are found in the ?chattel? records (yes, DC still uses the word chattel).
The filing fee is $25. make checks payable to the Georgia Superior Court Clerks' Cooperative Authority.
UCCs, fixtures, mortgages and deeds are all filed at the county. Instead of having the Secretary of State as its central filing office for UCCs, the state utilizes an outside vendor, the Georgia Superior Court Clerks' Cooperative Authority, also known as the Clerk's Authority or GSCCCA.
When a secured party needs to assign or transfer all or a portion of its rights to the collateral listed in a UCC-1 financing statement. It is considered an alteration of the previous filing.
Most financing statements are filed in the office of the Clerk of Court in the county where the debtor lives. All financing statements, no matter where they are filed and recorded in Georgia, are scanned into a state-wide database accessible via a publicly available computer link in the Clerk of Court's office.
First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file.
