New Jersey Sample Letter for UCC-3 Termination Statement

• Category: Letters - Legal - UCC
• State: Multi-State
• Control #: US-0186LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Secured Party Name] [Secured Party Address] [City, State, ZIP] Re: UCC-3 Termination Statement for [Debtor Name] Dear [Secured Party Name], I am writing to provide a formal request for the preparation and execution of a UCC-3 Termination Statement for the State of New Jersey, in relation to the termination of any and all security interests held by your organization over the assets of [Debtor Name]. As per the Uniform Commercial Code (UCC) Section 9 of the New Jersey Revised Statutes, a termination statement must be filed with the appropriate filing office to release any security interests that were previously filed. This statement officially declares that your organization no longer holds any security interests on the specified assets and allows potential creditors to be aware of the updated status of the debtor's collateral. The following details should be included in the UCC-3 Termination Statement: 1. Debtor Information: Debtor's Legal Name: [Debtor Name] Debtor's Address: [Debtor Address] 2. Secured Party Information: Secured Party's Legal Name: [Secured Party Name] Secured Party's Address: [Secured Party Address] 3. Collateral Description: Description of the collateral or specific assets that were originally covered by the security interest, such as inventory, equipment, accounts receivable, or any other tangible or intangible property. 4. UCC Filing Information: Provide the original UCC filing number and the original filing date to identify the initial security agreement that is being terminated. 5. Termination Language: Clearly state the intent to terminate any and all security interests to ensure there is no confusion or ambiguity regarding the release of the security agreement. Please note that the UCC-3 Termination Statement should be properly executed, signed, and notarized before submission to the New Jersey Secretary of State's office or any other appropriate filing office. Kindly refer to the New Jersey Secretary of State's website or contact their office for the necessary filing procedures, fees applicable, and any specific requirements that may be required. Should you require any further information or need my assistance in completing this request, please do not hesitate to contact me at [Phone Number] or via email at [Email Address]. Thank you for your prompt attention to this matter, and I look forward to receiving the completed UCC-3 Termination Statement at your earliest convenience. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Secured Party Name] [Secured Party Address] [City, State, ZIP] Re: UCC-3 Termination Statement for [Debtor Name] Dear [Secured Party Name], I am writing to provide a formal request for the preparation and execution of a UCC-3 Termination Statement for the State of New Jersey, in relation to the termination of any and all security interests held by your organization over the assets of [Debtor Name]. As per the Uniform Commercial Code (UCC) Section 9 of the New Jersey Revised Statutes, a termination statement must be filed with the appropriate filing office to release any security interests that were previously filed. This statement officially declares that your organization no longer holds any security interests on the specified assets and allows potential creditors to be aware of the updated status of the debtor's collateral. The following details should be included in the UCC-3 Termination Statement: 1. Debtor Information: Debtor's Legal Name: [Debtor Name] Debtor's Address: [Debtor Address] 2. Secured Party Information: Secured Party's Legal Name: [Secured Party Name] Secured Party's Address: [Secured Party Address] 3. Collateral Description: Description of the collateral or specific assets that were originally covered by the security interest, such as inventory, equipment, accounts receivable, or any other tangible or intangible property. 4. UCC Filing Information: Provide the original UCC filing number and the original filing date to identify the initial security agreement that is being terminated. 5. Termination Language: Clearly state the intent to terminate any and all security interests to ensure there is no confusion or ambiguity regarding the release of the security agreement. Please note that the UCC-3 Termination Statement should be properly executed, signed, and notarized before submission to the New Jersey Secretary of State's office or any other appropriate filing office. Kindly refer to the New Jersey Secretary of State's website or contact their office for the necessary filing procedures, fees applicable, and any specific requirements that may be required. Should you require any further information or need my assistance in completing this request, please do not hesitate to contact me at [Phone Number] or via email at [Email Address]. Thank you for your prompt attention to this matter, and I look forward to receiving the completed UCC-3 Termination Statement at your earliest convenience. Sincerely, [Your Name]