Oregon Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan

• Category: Loans and Lending
• State: Multi-State
• Control #: US-1177BG
• Format: Word; Rich Text

Description

A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. Personal property is basically anything that is not real property. The Oregon Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan is an important document that plays a key role in securing a commercial loan against fixtures attached to real property in Oregon. This document is specifically designed to provide detailed information about the loan, the fixtures involved, and the parties involved in the transaction. It acts as a legal record and offers protection to both the lender and borrower. In a Fixture Filing for a Commercial Loan, the Oregon Exhibit to UCC-1 Financing Statement contains various sections and details: 1. Identification Information: This section includes the legal names and addresses of both the debtor (usually the borrower) and the secured party (the lender). Accurate and up-to-date information is crucial to ensure the validity of the filing. 2. Collateral Description: In this part, a detailed and specific description of the fixtures attached to the real property is provided. It includes information such as the type of fixture, location, and any associated equipment or accessories. The description should be accurate and comprehensive to avoid any confusion or disputes in the future. 3. Financing Statement Details: This section provides information related to the loan and its terms. It includes the loan amount, interest rate, maturity date, and any applicable fees or provisions. This information helps establish the rights and obligations of both parties. 4. Filing Jurisdiction: Since this document pertains to Oregon, it explicitly indicates that the filing is governed by the UCC laws of the State of Oregon. This ensures compliance with state regulations and establishes the validity and enforceability of the filing. Different types or variations of Oregon Exhibit to UCC-1 Financing Statement may exist based on specific circumstances. Some possible variations include: a. Oregon Exhibit to UCC-1 Financing Statement (Individual Debtor): This version is used when an individual debtor is involved in the commercial loan, and their personal information, such as social security number, needs to be included in the filing. b. Oregon Exhibit to UCC-1 Financing Statement (Multiple Debtors): If multiple debtors are involved, such as a partnership or joint borrowers, this variation is used to provide the necessary information for each debtor. c. Oregon Exhibit to UCC-1 Financing Statement (Amendment): An amendment version may be filed if there are changes or updates to the original filing, such as modifications to the loan terms, collateral description, or debtor information. In summary, the Oregon Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan is a crucial document that ensures the proper documentation and protection of a lender's security interest in fixtures attached to real property. It provides detailed information about the loan, fixtures, and involved parties, all while complying with Oregon's UCC laws. Properly completing and filing this document is essential for both lenders and borrowers involved in commercial loan transactions in Oregon.

The Oregon Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan is an important document that plays a key role in securing a commercial loan against fixtures attached to real property in Oregon. This document is specifically designed to provide detailed information about the loan, the fixtures involved, and the parties involved in the transaction. It acts as a legal record and offers protection to both the lender and borrower. In a Fixture Filing for a Commercial Loan, the Oregon Exhibit to UCC-1 Financing Statement contains various sections and details: 1. Identification Information: This section includes the legal names and addresses of both the debtor (usually the borrower) and the secured party (the lender). Accurate and up-to-date information is crucial to ensure the validity of the filing. 2. Collateral Description: In this part, a detailed and specific description of the fixtures attached to the real property is provided. It includes information such as the type of fixture, location, and any associated equipment or accessories. The description should be accurate and comprehensive to avoid any confusion or disputes in the future. 3. Financing Statement Details: This section provides information related to the loan and its terms. It includes the loan amount, interest rate, maturity date, and any applicable fees or provisions. This information helps establish the rights and obligations of both parties. 4. Filing Jurisdiction: Since this document pertains to Oregon, it explicitly indicates that the filing is governed by the UCC laws of the State of Oregon. This ensures compliance with state regulations and establishes the validity and enforceability of the filing. Different types or variations of Oregon Exhibit to UCC-1 Financing Statement may exist based on specific circumstances. Some possible variations include: a. Oregon Exhibit to UCC-1 Financing Statement (Individual Debtor): This version is used when an individual debtor is involved in the commercial loan, and their personal information, such as social security number, needs to be included in the filing. b. Oregon Exhibit to UCC-1 Financing Statement (Multiple Debtors): If multiple debtors are involved, such as a partnership or joint borrowers, this variation is used to provide the necessary information for each debtor. c. Oregon Exhibit to UCC-1 Financing Statement (Amendment): An amendment version may be filed if there are changes or updates to the original filing, such as modifications to the loan terms, collateral description, or debtor information. In summary, the Oregon Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan is a crucial document that ensures the proper documentation and protection of a lender's security interest in fixtures attached to real property. It provides detailed information about the loan, fixtures, and involved parties, all while complying with Oregon's UCC laws. Properly completing and filing this document is essential for both lenders and borrowers involved in commercial loan transactions in Oregon.