Portland Oregon Real Property - Form UCC-1A

• Category: Oregon Court Samples - Uniform Laws - Commercial Code - Financing Statements - Samples
• State: Oregon
• City: Portland
• Control #: OR-HJ-391-01
• Format: PDF

Description

Real Property - Form UCC-1A Portland Oregon Real Property — Form UCC-1A is an essential legal document used in the state of Oregon to establish a security interest in personal property when the collateral is real property. This document helps ensure that lenders or creditors have a valid claim on the specified property in case of default or non-payment. The UCC-1A form is a specific variation of the Uniform Commercial Code (UCC) Form-1, customized for use in Portland, Oregon. It is designed to comply with the state's regulations and provide a clear record of rights and obligations related to real property collateral. This form includes several crucial details, such as the names and addresses of the debtor and secured party, a description of the real property being used as collateral, and any additional terms or agreements between the parties involved. It also requires a detailed legal description of the real property, including its boundaries and any relevant identifying information. It is important to note that there are no different types of Portland Oregon Real Property — Form UCC-1A. Rather, the form remains the same for all cases involving real property collateral in Portland, Oregon. However, there may be various versions or revisions of the UCC-1A form over time to accommodate changes in legal requirements or to improve clarity and information accuracy. By filing a completed Form UCC-1A with the appropriate county recording office in Portland, Oregon, lenders and creditors establish a public record of their security interest in the specified real property. This filing makes it known to other potential creditors that a prior claim exists on the property, and it prevents others from attaching their liens or interests. Filing the UCC-1A form is a crucial step in protecting a lender's rights and ensuring a smooth transaction process. In summary, Portland Oregon Real Property — Form UCC-1A is a specialized legal document used for establishing a security interest in real property collateral in Portland, Oregon. It enables lenders and creditors to protect their rights and ensures a clear and easily accessible record of ownership and claims on the specified property.

Portland Oregon Real Property — Form UCC-1A is an essential legal document used in the state of Oregon to establish a security interest in personal property when the collateral is real property. This document helps ensure that lenders or creditors have a valid claim on the specified property in case of default or non-payment. The UCC-1A form is a specific variation of the Uniform Commercial Code (UCC) Form-1, customized for use in Portland, Oregon. It is designed to comply with the state's regulations and provide a clear record of rights and obligations related to real property collateral. This form includes several crucial details, such as the names and addresses of the debtor and secured party, a description of the real property being used as collateral, and any additional terms or agreements between the parties involved. It also requires a detailed legal description of the real property, including its boundaries and any relevant identifying information. It is important to note that there are no different types of Portland Oregon Real Property — Form UCC-1A. Rather, the form remains the same for all cases involving real property collateral in Portland, Oregon. However, there may be various versions or revisions of the UCC-1A form over time to accommodate changes in legal requirements or to improve clarity and information accuracy. By filing a completed Form UCC-1A with the appropriate county recording office in Portland, Oregon, lenders and creditors establish a public record of their security interest in the specified real property. This filing makes it known to other potential creditors that a prior claim exists on the property, and it prevents others from attaching their liens or interests. Filing the UCC-1A form is a crucial step in protecting a lender's rights and ensuring a smooth transaction process. In summary, Portland Oregon Real Property — Form UCC-1A is a specialized legal document used for establishing a security interest in real property collateral in Portland, Oregon. It enables lenders and creditors to protect their rights and ensures a clear and easily accessible record of ownership and claims on the specified property.