A Washington UCC Financing Statement is a document that provides a public record of secured transactions involving personal property (as opposed to real property). It is used to perfect a security interest with the Washington Secretary of State. It is typically filed when a lender provides financing to a borrower and the borrower is using personal property as collateral. There are two types of Washington UCC Financing Statements: the UCC-1 and the UCC-3. The UCC-1 is used to create a lien on the borrower's personal property, while the UCC-3 is used to amend, terminate, or release a previously filed UCC-1.
Washington UCC Financing Statement
State:
Washington
Control #:
WA-SKU-1637
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Description Ucc Washington State
UCC Financing Statement
How to fill out Washington UCC Financing Statement?
Preparing official paperwork can be a real stress unless you have ready-to-use fillable templates. With the US Legal Forms online library of formal documentation, you can be confident in the blanks you obtain, as all of them correspond with federal and state laws and are checked by our specialists. So if you need to complete Washington UCC Financing Statement, our service is the best place to download it.
Getting your Washington UCC Financing Statement from our catalog is as simple as ABC. Previously authorized users with a valid subscription need only sign in and click the Download button after they locate the proper template. Afterwards, if they need to, users can pick the same blank from the My Forms tab of their profile. However, even if you are new to our service, registering with a valid subscription will take only a few moments. Here’s a quick guideline for you:
- Document compliance verification. You should attentively examine the content of the form you want and make sure whether it suits your needs and fulfills your state law requirements. Previewing your document and reviewing its general description will help you do just that.
- Alternative search (optional). If you find any inconsistencies, browse the library through the Search tab above until you find a suitable blank, and click Buy Now once you see the one you want.
- Account creation and form purchase. Sign up for an account with US Legal Forms. After account verification, log in and select your preferred subscription plan. Make a payment to continue (PayPal and credit card options are available).
- Template download and further usage. Select the file format for your Washington UCC Financing Statement and click Download to save it on your device. Print it to fill out your papers manually, or use a multi-featured online editor to prepare an electronic copy faster and more effectively.
Haven’t you tried US Legal Forms yet? Sign up for our service now to get any formal document quickly and easily whenever you need to, and keep your paperwork in order!
Form popularity
FAQ
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.
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.
The UCC's general rule is that a financing statement remains valid for a period of five years from the date of filing. Unless a continuation statement is properly filed before expiration of the five year period, the effectiveness of the financing statement will lapse.
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.
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.
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.
UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtor's personal property.
More info
The creditor completes the form. FILING OFFICE COPY UCC FINANCING STATEMENT (Form UCC1) (Rev.Items 1 - 7 — Complete item B if you want an acknowledgment sent to you. The most basic and well known is the UCC-1. Essentially, a UCC-1 can be described as a financing statement. 1 statement is a document that serves as a lien on commercial property in a business loan. Discover more about UCC-1 statements here. If you're approved for a smallbusiness loan, a lender might file a UCC financing statement, also known as a UCC1 filing. All owners of Section 202 or and Section 811 properties must complete the UCC. However, it is a very short form.