How do I fill out a UCC-1 financing statement?

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.

What is a UCC-1 financing statement used for?

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.

US Legal Forms
Utah UCC 1 Financing Statement Addendum Form

Utah UCC 1 Financing Statement Addendum Form

Name: Utah UCC 1 Financing Statement Addendum Form
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (371 reviews)

Category:

Utah Department of Commerce - Corporations Division - Uniform Commercial Code

State:

Utah

Control #:

UT-SKU-0176

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

UCC 1 Financing Statement Addendum Form The Utah UCC 1 Financing Statement Addendum Form is a document used to extend the original UCC 1 Financing Statement. It is used to add additional information, such as the names of secured parties, additional collateral, or amendments to the original statement. The form must be signed by the debtor and must be filed with the Secured Party Registry in order to be valid. There are two types of Utah UCC 1 Financing Statement Addendum Forms: one for new collateral and one for amendments to an existing UCC 1 Financing Statement. Both forms are used to update the information contained in the original UCC 1 Financing Statement.

The Utah UCC 1 Financing Statement Addendum Form is a document used to extend the original UCC 1 Financing Statement. It is used to add additional information, such as the names of secured parties, additional collateral, or amendments to the original statement. The form must be signed by the debtor and must be filed with the Secured Party Registry in order to be valid. There are two types of Utah UCC 1 Financing Statement Addendum Forms: one for new collateral and one for amendments to an existing UCC 1 Financing Statement. Both forms are used to update the information contained in the original UCC 1 Financing Statement.

View VIP Renewal for Residential Property Inspector License/Certificate

View this form

View Form Usage Table

View this form

How to fill out Utah UCC 1 Financing Statement Addendum Form?

Dealing with official paperwork requires attention, accuracy, and using properly-drafted blanks. US Legal Forms has been helping people countrywide do just that for 25 years, so when you pick your Utah UCC 1 Financing Statement Addendum Form template from our library, you can be certain it meets federal and state laws.

Dealing with our service is easy and quick. To get the necessary paperwork, all you’ll need is an account with a valid subscription. Here’s a brief guide for you to obtain your Utah UCC 1 Financing Statement Addendum Form within minutes:

Remember to carefully look through the form content and its correspondence with general and legal requirements by previewing it or reading its description.
Search for an alternative 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 Utah UCC 1 Financing Statement Addendum Form in the format you prefer. If it’s your first time with our service, click Buy now to proceed.
Create an account, decide on your subscription plan, and pay with your credit card or PayPal account.
Decide in what format you want to obtain your form and click Download. Print the blank or add it to a professional PDF editor to prepare it paper-free.

All documents are drafted for multi-usage, like the Utah UCC 1 Financing Statement Addendum Form you see on this page. If you need them in the future, 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 accomplish your business and personal paperwork quickly and in total legal compliance!

Form Rating

4.74

Satisfied(371)

Form popularity

FAQ

Form UCC3 is used to amend (make changes to) a UCC1 filing. The required information is: An acknowledgement name and address. (Recommended for return copy of the filing.)

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.

The Grantor is any person conveying or encumbering, whom any Lis Pendens, Judgments, Writ of Attachment, or Claims of Separate or Community Property shall be placed on record.

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.

When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.

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.

An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.

More info

If this Addendum adds an additional Debtor, complete item 10 in accordance with Instruction 1 of Financing. Statement (Form UCC1).If this Addendum adds an additional Debtor, complete item 11 in accordance with Instruction 1 of Financing Statement. To include further additional. Items 1 - 7 — Instructions for National UCC Financing Statement (Form UCC1). Please type or laser-print this form. The following PDF forms are provided to assist with your UCC processing. If this Amendment (Form UCC3) is to be filed in the real estate records, complete the required information. (items 15, 16, and 17). UCC FINANCING STATEMENT (Form UCC1) (Rev.

Utah UCC 1 Financing Statement Addendum Form

Description

Related forms

How to fill out Utah UCC 1 Financing Statement Addendum Form?

Show more info

Form Rating

Form popularity

FAQ

Can you amend a UCC-1?

How do I fill out a UCC-1 financing statement?

Who is the grantor on a UCC financing statement?

What is a UCC-1 financing statement used for?

How do you clear a UCC-1 financing statement for a roof that has already been paid for?

How do you clear a UCC-1 financing statement?

When must a UCC-1 financial statement be filed?

What is an example of a UCC filing?

More info

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