The Utah UCC Affidavit is a document used to acknowledge the existence of a secured transaction in Utah. It is a sworn statement that is used to put creditors on notice that the debtor has established a security interest in the collateral. This document is a requirement of the Utah Uniform Commercial Code (UCC) and must be filed with the Utah Division of Corporations. There are four types of Utah UCC Affidavit available: UCC-1 Financing Statement, UCC-3 Amendment to UCC-1 Financing Statement, UCC-11 Information Statement, and UCC-12 Continuation Statement. The UCC-1 Financing Statement is used to create a security interest in personal or real property in Utah. The UCC-3 Amendment is used to modify or correct a previously filed UCC-1. The UCC-11 Information Statement is filed to provide additional information about a UCC-1 or UCC-3 filing. The UCC-12 Continuation Statement is filed to extend the effectiveness of a UCC-1 Financing Statement.
Utah UCC Affidavit
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How to fill out Utah UCC Affidavit?
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FAQ
They are filed with the county recorder's office where the property is located.
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.
A UCC filing is a legal notice a lender files with the secretary of state when it has a security interest against property or assets. It gives public notice that the lender has an interest, or lien, against the business asset used to secure the financing.
To find out if a business is registered in Utah, use the Secretary of State's database to search through Utah businesses. You can search by name, entity number or executive name to find the available information.
You can find Uniform Commercial Code information on any person or corporation in Utah or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.
The Utah Division of Corporations & Commercial Code is the central filing office for financing statements and other documents provided under the Uniform Commercial Code. The intent of filings is to "perfect" or preserve security interest in named collateral.
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.
A UCC Search is generally conducted when a lender or other business management related interest wants to know if the assets of a business are owed as a collateral for a debt.