UCC1 - Financing Statement - Colorado - For use after July 1, 2001. This form is a financing statement used to cover certain collateral as specified in the form. This Financing Statement complies will all applicable state laws.
A UCC1 Financing Statement is a legal document used in Lakewood, Colorado, and throughout the United States, to establish a creditor's security interest in personal property belonging to a debtor. This document is governed by the Uniform Commercial Code (UCC) and serves as a public notice that the creditor has a legal claim on the specified assets of the debtor in the event of default or non-payment. Lakewood, Colorado, recognizes various types of UCC1 Financing Statements based on the nature of the transaction. These include: 1. General UCC1 Financing Statement: This type is commonly used when multiple creditors have claims against the same debtor. It provides a broad description of the collateral and covers all present and future assets of the debtor, ensuring the creditor's priority in case of default. 2. Specific UCC1 Financing Statement: This type is used when a creditor wants to secure a specific asset or group of assets as collateral. It should provide a detailed description of the assets, including make, model, serial numbers, and any other relevant identifying information. 3. Fixture Filing: A fixture filing is used when a debtor has granted a security interest in specific items of personal property that have become "fixtures." Fixtures are goods that have been incorporated into real estate, such as machinery or equipment attached to a building. This type of UCC1 Financing Statement helps to establish the creditor's rights against other parties, including subsequent buyers or mortgage lenders. 4. Agricultural Lien: In agricultural transactions where a creditor provides financing or services related to crops, livestock, or products of crops or livestock, an agricultural lien can be filed. This type of UCC1 Financing Statement covers agricultural products and secures the creditor's interest against other potential claimants. 5. Public-Finance Transaction: For certain public-finance transactions, like bonds or tax-exempt obligations, a specific UCC1 Financing Statement form is used. This form caters to the unique requirements of public-finance transactions and allows creditors to establish their security interests properly. It is crucial to file the UCC1 Financing Statement with the Colorado Secretary of State's office promptly. This public filing effectively gives notice to other potential creditors and establishes the priority of the creditor's claim in case of any legal disputes or claims against the debtor's assets.A UCC1 Financing Statement is a legal document used in Lakewood, Colorado, and throughout the United States, to establish a creditor's security interest in personal property belonging to a debtor. This document is governed by the Uniform Commercial Code (UCC) and serves as a public notice that the creditor has a legal claim on the specified assets of the debtor in the event of default or non-payment. Lakewood, Colorado, recognizes various types of UCC1 Financing Statements based on the nature of the transaction. These include: 1. General UCC1 Financing Statement: This type is commonly used when multiple creditors have claims against the same debtor. It provides a broad description of the collateral and covers all present and future assets of the debtor, ensuring the creditor's priority in case of default. 2. Specific UCC1 Financing Statement: This type is used when a creditor wants to secure a specific asset or group of assets as collateral. It should provide a detailed description of the assets, including make, model, serial numbers, and any other relevant identifying information. 3. Fixture Filing: A fixture filing is used when a debtor has granted a security interest in specific items of personal property that have become "fixtures." Fixtures are goods that have been incorporated into real estate, such as machinery or equipment attached to a building. This type of UCC1 Financing Statement helps to establish the creditor's rights against other parties, including subsequent buyers or mortgage lenders. 4. Agricultural Lien: In agricultural transactions where a creditor provides financing or services related to crops, livestock, or products of crops or livestock, an agricultural lien can be filed. This type of UCC1 Financing Statement covers agricultural products and secures the creditor's interest against other potential claimants. 5. Public-Finance Transaction: For certain public-finance transactions, like bonds or tax-exempt obligations, a specific UCC1 Financing Statement form is used. This form caters to the unique requirements of public-finance transactions and allows creditors to establish their security interests properly. It is crucial to file the UCC1 Financing Statement with the Colorado Secretary of State's office promptly. This public filing effectively gives notice to other potential creditors and establishes the priority of the creditor's claim in case of any legal disputes or claims against the debtor's assets.
