We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

Tennessee UCC1: Financing Statement

Category:
Secretary of State - Miscellaneous
State:
Tennessee
Control #:
TN-SKU-1316
Format:
PDF
Instant download
Buy now
This website is not affiliated with any governmental entity
Public form

Description

UCC1: Financing Statement
A Tennessee UCC1: Financing Statement is a legal document which serves to record a security interest in personal property. It is used to give notice that a lender has a claim on the borrower’s personal property as security for a loan. The Tennessee UCC1: Financing Statement must be filed with the Secretary of State in order to perfect the security interest. There are two types of Tennessee UCC1: Financing Statement: initial financing statements (UCC1-FS) and continuation statements (UCC3-FS). An initial financing statement is used to create a new security interest, while a continuation statement is used to extend the duration of an existing security interest.

A Tennessee UCC1: Financing Statement is a legal document which serves to record a security interest in personal property. It is used to give notice that a lender has a claim on the borrower’s personal property as security for a loan. The Tennessee UCC1: Financing Statement must be filed with the Secretary of State in order to perfect the security interest. There are two types of Tennessee UCC1: Financing Statement: initial financing statements (UCC1-FS) and continuation statements (UCC3-FS). An initial financing statement is used to create a new security interest, while a continuation statement is used to extend the duration of an existing security interest.

Related forms

Protected Persons Petition to Modify-Revoke-Terminate

Protected Persons Petition to Modify-Revoke-Terminate

View this form
Petition for Resignation and Consent

Petition for Resignation and Consent

View this form
Order Approving Resignation

Order Approving Resignation

View this form
Petition to Terminate Conservatorship on Death

Petition to Terminate Conservatorship on Death

View this form
Petition to Terminate Guardianship on Death of a Minor

Petition to Terminate Guardianship on Death of a Minor

View this form

Viewed forms

form-preview
Health Club or Gym Membership Agreement

Health Club or Gym Membership Agreement

View this form
form-preview
Sale and Assignment of a Percentage Owners...

Sale and Assignment of a Percentage Ownership Interest in a Limited Liability Company

View this form
form-preview
Web Linking Referral Fee Agreement

Web Linking Referral Fee Agreement

View this form
form-preview
Deed of Release

Deed of Release

View this form
form-preview
Motion to Shorten Time

Motion to Shorten Time

View this form
form-preview
A03 Plaintiff's Designation of Expert Witness

A03 Plaintiff's Designation of Expert Witness

View this form
form-preview
Composition with Creditors -- Transfer of ...

Composition with Creditors -- Transfer of Property to Trustee for Benefit of Creditors

View this form
form-preview
Michigan No-Fault Uncontested Agreed Divor...

Michigan No-Fault Uncontested Agreed Divorce Package for Dissolution of Marriage with Adult Children and with or without Property and Debts

View this form
form-preview
Closing Affidavit and Agreement - Buyer

Closing Affidavit and Agreement - Buyer

View this form
form-preview
Salary Verification form for Potential Lease

Salary Verification form for Potential Lease

View this form

How to fill out Tennessee UCC1: Financing Statement?

Handling legal paperwork requires attention, accuracy, and using well-drafted templates. US Legal Forms has been helping people countrywide do just that for 25 years, so when you pick your Tennessee UCC1: Financing Statement template from our service, you can be sure it complies with federal and state laws.

Working with our service is straightforward and fast. To get the necessary paperwork, all you’ll need is an account with a valid subscription. Here’s a brief guide for you to find your Tennessee UCC1: Financing Statement within minutes:

  1. Remember to carefully look through the form content and its correspondence with general and law requirements by previewing it or reading its description.
  2. Look for an alternative formal blank if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
  3. ​Log in to your account and save the Tennessee UCC1: Financing Statement in the format you prefer. If it’s your first experience with our service, click Buy now to proceed.
  4. Register for an account, choose your subscription plan, and pay with your credit card or PayPal account.
  5. Decide in what format you want to save your form and click Download. Print the blank or upload it to a professional PDF editor to submit it paper-free.

All documents are drafted for multi-usage, like the Tennessee UCC1: Financing Statement you see on this page. If you need them one more time, you can fill them out without re-payment - just open the My Forms tab in your profile and complete your document whenever you need it. Try US Legal Forms and prepare your business and personal paperwork quickly and in full legal compliance!

Form popularity

FAQ

1 financing statement is a legal form that a creditor files to give notice that it has the right to take possession of and sell certain assets belonging to the debtor for the repayment of a specific debt.?

Generally, the debtor must first make a formal (or authenticated) demand to the secured party of record to terminate the UCC-1. This process involves sending a signed written request to the secured party of record demanding for said party to file a UCC-3 termination statement.

When is a UCC-1 filed? UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrower's assets. This motivates lenders to file a UCC-1 as soon as a loan is made.

In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

UCC liens are used when a creditor wants to give notice to other lenders of its interest in a debtor's property. A UCC-1 financing statement is generally filed with the debtor's secretary of state when a loan is originated. Lenders can attach UCC liens to a wide range of assets, including: Inventory.

How to complete a UCC1 (Step by Step) 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.

UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtor's personal property.

A UCC financing statement ? also called a UCC-1 financing statement or a UCC-1 filing ? is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.

Tennessee UCC1: Financing Statement Related Searches

  • filing a ucc-1 on yourself
  • ucc-1 filing birth certificate
  • ucc financing statement federal reserve
  • what is the purpose of a ucc financing statement
  • ucc financing statement addendum
  • ucc-1 addendum
  • ucc-3 financing statement
  • ucc 1 filing search

More info

FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. Items 1 - 7 — Complete item B if you want an acknowledgment sent to you.Please type or laserprint this form. Be sure it is completely legible. The most basic and well known is the UCC-1. Essentially, a UCC-1 can be described as a financing statement. UCC FINANCING STATEMENT (Form UCC1) (Rev. UCC-1. Important - Read Instructions before filing out form. Follow instructions carefully. 1. FILING OFFICE COPY — UCC FINANCING STATEMENT ADDENDUM (Form UCC1Ad) (Rev.

Trusted and secure by over 3 million people of the world’s leading companies

Tennessee UCC1: Financing Statement
Buy now