Why did I receive a UCC financing statement?

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.

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UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement...

UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached)

Name: UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (223 reviews)

Category:

Utah Department of Commerce - Corporations Division - Uniform Commercial Code

State:

Utah

Control #:

UT-SKU-0184

Format:

Instant download

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Description

UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached) UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached) is a legal document used to perfect a security interest in personal property of a debtor located in Utah. The document is filed with the Utah Division of Corporations and Commercial Code and serves to provide notice of the secured party's interest in the debtor's personal property. The UCC3 Financing Statement includes information such as the names and addresses of the debtor and secured party, the type and quantity of collateral, and any additional terms and conditions of the agreement. In addition, multiple UCC3Ad Financing Statement Addendums may be attached to the UCC3 Financing Statement to provide additional information and detail. There are three types of UCC3 Financing Statement (Utah): the original Financing Statement, the Amendment (UCC3Am), and the Continuation (UCC3Ad). The original UCC3 Financing Statement must be filed in order to create the security interest in the debtor's personal property. The Amendment is used to modify or add to the terms of the original Financing Statement. The Continuation is used to extend the Financing Statement in order to keep the security interest valid.

UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached) is a legal document used to perfect a security interest in personal property of a debtor located in Utah. The document is filed with the Utah Division of Corporations and Commercial Code and serves to provide notice of the secured party's interest in the debtor's personal property. The UCC3 Financing Statement includes information such as the names and addresses of the debtor and secured party, the type and quantity of collateral, and any additional terms and conditions of the agreement. In addition, multiple UCC3Ad Financing Statement Addendums may be attached to the UCC3 Financing Statement to provide additional information and detail. There are three types of UCC3 Financing Statement (Utah): the original Financing Statement, the Amendment (UCC3Am), and the Continuation (UCC3Ad). The original UCC3 Financing Statement must be filed in order to create the security interest in the debtor's personal property. The Amendment is used to modify or add to the terms of the original Financing Statement. The Continuation is used to extend the Financing Statement in order to keep the security interest valid.

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FAQ

An assignment adds a secured party. An amendment to add a secured party adds a secured party.

UCC-3 is an amendment or ?continuation statement? that the owner files to renew the UCC-1 for another 5-year period. Unless a continuation statement is filed before the expiration of the UCC-1's 5-year period, the owner must file a new UCC-1.

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.

A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.

It's true, a UCC-3 is used to continue your existing filing, amend your existing filing, terminate your existing filing, or assign your interest to another secured party.

UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party. For example, they can be used to change the name or the address.

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Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings.UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached) Form. Instructions For National UCC Financing Statement Amendment Addendum (Form UCC3Ad) Form. The filed financing statement gives notice to anyone who might be interested that the secured party has a "perfected security interest" in the business' assets. Complete item 13 in accordance with instructions on Amendment Addendum (Form UCC3Ad). You may use these or the national forms. If you use the national forms include the Documentary Tax information. (or recorded) in the REAL ESTATE RECORDS. Complete item 13 in accordance withinstructions on Amendment Addendum (Form UCC3Ad).

UCC3 Financing Statement (Utah) (Multiple UCC3Ad Financing Statement Addendums Attached)

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