Tennessee UCC1: Financing Statement

State:
Tennessee
Control #:
TN-SKU-1316
Format:
PDF
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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.

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Tennessee UCC1: Financing Statement