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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.

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North Dakota UCC Miscellaneous Lien Amendment / Termination

North Dakota UCC Miscellaneous Lien Amendment / Termination

Name: North Dakota UCC Miscellaneous Lien Amendment / Termination
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.72 (253 reviews)

Category:

North Dakota Contracts - Uniform Commercial Code

State:

North Dakota

Control #:

ND-UCC-MSL-2

Format:

Instant download

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Public form

Description

UCC-MSL-2 Miscellaneous Statutory Lien form used to notice lien amendment or termination filed with the North Dakota filing office.

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How to fill out North Dakota UCC Miscellaneous Lien Amendment / Termination?

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FAQ

A UCC-3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC-1 filing. 1. A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State's office in the appropriate state.

When the debtor has satisfied all amounts owed to the lender, a UCC-3 termination statement (now called a UCC termination statement) is routinely filed to terminate the security interest perfected by the UCC-1 financing statement.

Form UCC3 is used to amend (make changes to) a UCC1 filing. The required information is: An acknowledgement name and address.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.

Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.

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.

To continue the effectiveness of a UCC-1 financing statement beyond its initial 5-year effective period, a secured party must file a Continuation. A Continuation extends the life of the financing statement for an additional five years.Each Continuation must identify, by its file number, the UCC-1 to which it relates.

Why file a UCC-3 form? The UCC-3 is the Swiss-Army-Knife of forms. Unlike a UCC 1, a UCC 3 can be used for multiple purposes. The actions one can take are Amendment, Assignment, Continuation, and Termination.

North Dakota UCC Miscellaneous Lien Amendment / Termination

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FAQ

What is a UCC-3 Termination Statement?

What does it mean when a UCC filing is terminated?

What is a UCC 3 form?

How do I cancel my UCC filing?

How do I fill out a UCC-1 form?

How do I file a UCC-3 Termination?

Can you continue a terminated UCC?

What is the difference between a UCC 1 and a UCC 3?

What does UCC 3 termination mean?

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