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.

US Legal Forms
Wyoming UCC Financing Statement Additional Party

Wyoming UCC Financing Statement Additional Party

Name: Wyoming UCC Financing Statement Additional Party
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (381 reviews)

Category:

Wyoming Secretary of State - UCC

State:

Wyoming

Control #:

WY-UCC1-AP

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

UCC Financing Statement Additional Party A Wyoming UCC Financing Statement Additional Party is an individual or entity that is named on a Uniform Commercial Code (UCC) Financing Statement filed in Wyoming. It is sometimes referred to as a "secondary debtor". The additional party may be a co-debtor, guarantor, or other party with an interest in secured property. There are two types of Wyoming UCC Financing Statement Additional Parties: debtor and guarantor. A debtor is the party primarily liable for the debt, while a guarantor is an individual or entity who agrees to be liable for the debt in the event that the primary debtor defaults.

A Wyoming UCC Financing Statement Additional Party is an individual or entity that is named on a Uniform Commercial Code (UCC) Financing Statement filed in Wyoming. It is sometimes referred to as a "secondary debtor". The additional party may be a co-debtor, guarantor, or other party with an interest in secured property. There are two types of Wyoming UCC Financing Statement Additional Parties: debtor and guarantor. A debtor is the party primarily liable for the debt, while a guarantor is an individual or entity who agrees to be liable for the debt in the event that the primary debtor defaults.

View Defendants Interrogatories Addressed to Plaintiff (Premises Liability Cases)

View this form

View Defendants Request For Production of Documents Directed to Plaintiff

View this form

View Fraudulent Conveyance Quiet Title Packet

View this form

View Mental Health Procedures Act Cover Sheet

View this form

View Motion For Extraordinary Relief

View this form

Petition and Affidavit For Civil Protectio...

View this form

How to fill out Wyoming UCC Financing Statement Additional Party?

How much time and resources do you usually spend on composing official paperwork? There’s a better opportunity to get such forms than hiring legal specialists or spending hours browsing the web for a proper blank. US Legal Forms is the premier online library that offers professionally drafted and verified state-specific legal documents for any purpose, including the Wyoming UCC Financing Statement Additional Party.

To get and prepare an appropriate Wyoming UCC Financing Statement Additional Party blank, follow these easy steps:

Look through the form content to ensure it meets your state regulations. To do so, read the form description or utilize the Preview option.
If your legal template doesn’t satisfy your needs, find another one using the search tab at the top of the page.
If you already have an account with us, log in and download the Wyoming UCC Financing Statement Additional Party. If not, proceed to the next steps.
Click Buy now once you find the correct blank. Opt for the subscription plan that suits you best to access our library’s full service.
Register for an account and pay for your subscription. You can make a transaction with your credit card or through PayPal - our service is absolutely secure for that.
Download your Wyoming UCC Financing Statement Additional Party on your device and complete it on a printed-out hard copy or electronically.

Another advantage of our library is that you can access previously purchased documents that you securely keep in your profile in the My Forms tab. Pick them up anytime and re-complete your paperwork as often as you need.

Save time and effort completing official paperwork with US Legal Forms, one of the most reliable web solutions. Join us today!

Form Rating

4.6

Satisfied(381)

Form popularity

FAQ

The first UCC-1 filer holds a first-position lien, the second filer has a second-position lien and so forth. Usually, the first-position lien must be completely satisfied before the second-position lien holder can receive any remaining collateral.

Ask the lender to terminate the lien upon payoff. A good rule of thumb is to request that your lender file a UCC-3 form with your secretary of state as soon as possible after you pay off your loan. The UCC-3 will terminate the lien on your company's assets (or assets) and remove the UCC-1 filing.

Assignment When a secured party needs to assign or transfer all or a portion of its rights to the collateral listed in a UCC-1 financing statement. It is considered an alteration of the previous filing.

If the individual resides in a state other than where the business is registered, multiple filings may be required in order to perfect. For more information on UCC filings, visit the First Corporate Solutions reference library or register for one of our free webinar events!

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.

To put it in simple terms, the secured party is the creditor on the UCC loan. The creditor is the secured party because they have a financial interest in the collateral which the lien is on.

A UCC filing, also known as a UCC lien or a UCC-1, is a financing statement which lenders can file against your business with your secretary of state. When you take out a secured loan, the lender may file a lien to protect the asset(s) you committed to secure financing.

How do I get rid of a UCC filing? You can remove a UCC filing when you've repaid your business loan in full. Once you repay the debt, the lender should remove the lien from your business assets. If not, you may request that the lender files a UCC-3 to terminate the lien.

More info

If this Additional Party form adds additional Secured Parties, complete items 22 and 23 in accordance with Instruction 3 of Financing Statement (Form UCC1). Items 1 - 7 — Enter information for Secured Party or Total Assignee, determined and formatted per Instruction 1.If there is more than one Secured Party, see. National UCC Financing Statement (Form UCC1) (Rev. If this Addendum adds an additional Secured Party, complete item 11 in accordance with Instruction 3 of Financing Statement (Form UCC1). Secured Parties, attach either Addendum (Form UCC1Ad) or Additional Party (Form UCC1AP). In fact, it is sometimes called a UCC financing statement. UCC Financing Statement Additional Party (TN Form UCC1Ap). Filing Fee: See instructions for UCC Financing Statement (TN Form UCC1). Items 1 - 7 — Enter information for Secured Party or Total Assignee, determined and formatted per Instruction 1.

Wyoming UCC Financing Statement Additional Party

Description

Related forms

Viewed forms

How to fill out Wyoming UCC Financing Statement Additional Party?

Show more info

Form Rating

Form popularity

FAQ

Can you have more than one UCC lien?

How do you get around a UCC lien?

Can a UCC financing statement be assigned?

Can you have multiple UCC-1 filings?

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

What is the secured party name on a UCC financing statement?

Is a UCC-1 the same as a lien?

How do I remove a lien from my UCC?

More info

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