The Oregon Security Agreement and Notice to Intermediary (OSA) is a form used by Oregon-based business entities to establish a legal security interest in personal property. It is used to secure a loan or other obligation and provides legal protection to the lender or creditor. The OSA is a document that attaches to the collateral and acts as a reminder to the debtor of the terms of the security agreement. The OSA consists of a Notice to Intermediary (NPI) and an Oregon Security Agreement (OSA). The NPI is a form that is sent to the debtor’s financial institution or other intermediary, informing them of the security interest claimed by the debtor. The NPI must also be filed with the debtor’s Secretary of State in order to be valid. The OSA is a legal document that creates the security interest. It must be signed by both parties and includes a description of the collateral, the amount of the debt, and the terms of repayment. There are two types of Oregon Security Agreements and Notice to Intermediary: UCC-1 (Uniform Commercial Code) and Non-UCC-1. UCC-1 is used when the collateral is tangible personal property that is subject to the Uniform Commercial Code, and Non-UCC-1 is used when the collateral is not subject to the Uniform Commercial Code.
Oregon Security Agreement and Notice to Intermediary
Description
How to fill out Oregon Security Agreement And Notice To Intermediary?
Handling legal documentation requires attention, accuracy, and using well-drafted templates. US Legal Forms has been helping people across the country do just that for 25 years, so when you pick your Oregon Security Agreement and Notice to Intermediary template from our service, you can be sure it complies with federal and state laws.
Working with our service is straightforward and fast. To obtain the required document, all you’ll need is an account with a valid subscription. Here’s a brief guideline for you to find your Oregon Security Agreement and Notice to Intermediary within minutes:
- Remember to carefully check the form content and its correspondence with general and legal requirements by previewing it or reading its description.
- Search for another official template if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and download the Oregon Security Agreement and Notice to Intermediary in the format you need. If it’s your first time with our website, click Buy now to continue.
- Register for an account, select your subscription plan, and pay with your credit card or PayPal account.
- Choose in what format you want to save your form and click Download. Print the blank or add it to a professional PDF editor to prepare it paper-free.
All documents are created for multi-usage, like the Oregon Security Agreement and Notice to Intermediary you see on this page. If you need them in the future, you can fill them out without re-payment - simply open the My Forms tab in your profile and complete your document any time you need it. Try US Legal Forms and prepare your business and personal paperwork rapidly and in full legal compliance!