A Nevada Financing Statement (UCC1) is a legal document required to perfect a security interest in certain types of personal property located in the state of Nevada. This document is also known as a UCC Uniform Commercial Code Financing Statement and is filed with the Secretary of State. The Nevada Financing Statement (UCC1) is used to create a lien on certain types of personal property, such as motor vehicles, watercraft, and aircraft. It also serves as public notice of the existence of the security interest. There are two types of Nevada Financing Statement (UCC1) documents: initial filings and continuation filings. Initial filings are used to create a security interest in the debtor’s personal property. A continuation filing is used to extend the duration of the security interest and must be filed within five years of the initial filing date. Both types of filings require the debtor’s name, address, and Social Security Number, as well as the secured party’s name and address.
A Nevada Financing Statement (UCC1) is a legal document required to perfect a security interest in certain types of personal property located in the state of Nevada. This document is also known as a UCC Uniform Commercial Code Financing Statement and is filed with the Secretary of State. The Nevada Financing Statement (UCC1) is used to create a lien on certain types of personal property, such as motor vehicles, watercraft, and aircraft. It also serves as public notice of the existence of the security interest. There are two types of Nevada Financing Statement (UCC1) documents: initial filings and continuation filings. Initial filings are used to create a security interest in the debtor’s personal property. A continuation filing is used to extend the duration of the security interest and must be filed within five years of the initial filing date. Both types of filings require the debtor’s name, address, and Social Security Number, as well as the secured party’s name and address.