Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1).
UCC1 Financing Statement Additional Party
State:
Multi-State
Control #:
US-UCC1-AP
Format:
PDF
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How to fill out UCC1 Financing Statement Additional Party?
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FAQ
To assign (1) some or all of Assignor's right to amend the identified financing statement, or (2) the Assignor's right to amend the identified financing statement with respect to some (but not all) of the collateral covered by the identified financing statement: Check box in item 3 and enter name of Assignee in item 7a
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.
Defined in the UCC as: A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding.
UCC-1 Financing Statements do not have to be signed by either the Debtor or Secured Party; however, they must be authorized.Although the UCC-1 Financing Statement does not require signatures, any attachment such as the legal description or special terms and conditions may require the signature of the Debtor.
Assignor Secured Party or Qualified Issuer means the lender of the Bond Loan, QUALIFIED ISSUER, organized under the laws of the State of STATE. Sample 1. ff0b New List. Write Better Contracts. Affordable legal research to help you draft contracts faster.
The borrower or buyer is known as the debtor, and the lender or seller is known as the creditor, and more specifically the secured party. Two simple examples of secured transactions are: (1) a bank loaning a business money so it can buy inventory; and (2) a company selling a business equipment on credit.
A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed.
In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).