Maricopa Arizona UCC1 Financing Statement Additional Party

State:
Arizona
County:
Maricopa
Control #:
AZ-UCC1-AP
Format:
PDF
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Description

Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1) filed with the Arizona filing office.

The Maricopa Arizona UCC1 Financing Statement Additional Party is a legal document that is utilized in the state of Arizona to provide a detailed record of secured transactions. This additional party section is an extension of the UCC1 Financing Statement, which is a commonly used document for lenders to establish their security interest in collateral. In the context of the Maricopa Arizona UCC1 Financing Statement Additional Party, there are two main types or categories that can be identified: 1. Individual Additional Party: An individual may be named as an additional party in the UCC1 Financing Statement. This individual could be a co-debtor, co-guarantor, or someone else who has an interest in the collateral mentioned in the financing statement. 2. Entity Additional Party: Apart from individuals, entities such as corporations, partnerships, limited liability companies (LCS), or other organizations can also be listed as additional parties in the Maricopa Arizona UCC1 Financing Statement. These entities could hold a stake in the collateral or have obligations tied to it. When including an additional party in the Maricopa Arizona UCC1 Financing Statement, it is essential to provide accurate and detailed information about the party involved. This typically includes their legal name, address, and other pertinent details that ensure proper identification. By including relevant keywords in this content, such as Maricopa Arizona UCC1 Financing Statement, additional party, secured transactions, collateral, individual, entity, co-debtor, co-guarantor, corporations, partnerships, LCS, and legal documentation, this description will attract users looking for information specifically related to the Maricopa Arizona UCC1 Financing Statement Additional Party.

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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.)

What information is required for a UCC-3 filing? Form UCC3 is used to amend (make changes to) a UCC1 filing. The required information is: An acknowledgement name and address.

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.

When filing a UCC-3, only make one change at a time. States will most likely reject a UCC-3 that is both an amendment and continuation.

UCC. 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.

3 termination statement (a ?Termination?) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.

An assignee of a secured party can either become the secured party of record or it can be an assignee whose interest is not of record. In either case, the assignee is a secured party that is perfected by filing but who has not filed a financing statement.

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.

To do so you will generally need to make a trip in person down to your secretary of state's office. Once there, you will be able to swear under oath that you've satisfied the debt in full and wish to request for the UCC-1 filing to be removed.

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How long I fill even a mechanic's lien form? Provides space for adding several additional parties to the Financing Statement always filed with a. UCC1.Precautionary UCC-1 Financing Statement. Attached form of subordination agreement to its loan documents.

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Maricopa Arizona UCC1 Financing Statement Additional Party