Notice of Agricultural Produce Lien form for suppliers security interest in Agricultural Produce to be filed the Oregon filing office.
Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien is a legal document that plays a crucial role in protecting the rights of lenders who provide financing to agricultural producers. This notice serves as a public record, notifying interested parties of the lender's claim on specific agricultural produce or products derived from such produce. The Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien is governed by the Uniform Commercial Code (UCC), a set of laws that standardize commercial transactions across the United States. This lien, specific to Bend, Oregon, is filed with the Oregon Secretary of State's office and establishes the lender's right to seize or sell the agricultural produce if the borrower defaults on their loan obligations. There are two main types of Bend Oregon UCC APL-1 Notices of Agricultural Produce Liens: 1. Perishable Agricultural Commodities Act (PACA) Lien: This type of lien is applicable to agricultural produce covered by the Perishable Agricultural Commodities Act, which includes fruits, vegetables, and horticultural products that are highly perishable. The PACA lien grants lenders priority over other creditors in case of default. 2. Non-PACA Agricultural Produce Lien: This lien encompasses agricultural produce not covered by the Perishable Agricultural Commodities Act. It grants lenders a legal claim on non-perishable crops, livestock, or other agricultural products, ensuring protection in case of default. When filing a Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien, certain information must be included to ensure its validity and effectiveness. This includes: — The lender's name, address, and contact information — The borrower's name, address, and contact information — A detailed description of the agricultural produce or products covered by the lien — The amount of the loan or credit extended to the borrower — The date the loan was granted or credit extended — Any agreed-upon terms and conditions related to the loan or credit — The lender's authorization to file the lien — The signature of an authorized representative of the lender It is essential to follow the proper procedures and guidelines when filing a Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien to ensure compliance with state regulations and protect the lender's interests. This notice serves as a public record, allowing interested parties to review the existing liens on agricultural produce and make informed decisions when engaging in transactions related to such produce.Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien is a legal document that plays a crucial role in protecting the rights of lenders who provide financing to agricultural producers. This notice serves as a public record, notifying interested parties of the lender's claim on specific agricultural produce or products derived from such produce. The Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien is governed by the Uniform Commercial Code (UCC), a set of laws that standardize commercial transactions across the United States. This lien, specific to Bend, Oregon, is filed with the Oregon Secretary of State's office and establishes the lender's right to seize or sell the agricultural produce if the borrower defaults on their loan obligations. There are two main types of Bend Oregon UCC APL-1 Notices of Agricultural Produce Liens: 1. Perishable Agricultural Commodities Act (PACA) Lien: This type of lien is applicable to agricultural produce covered by the Perishable Agricultural Commodities Act, which includes fruits, vegetables, and horticultural products that are highly perishable. The PACA lien grants lenders priority over other creditors in case of default. 2. Non-PACA Agricultural Produce Lien: This lien encompasses agricultural produce not covered by the Perishable Agricultural Commodities Act. It grants lenders a legal claim on non-perishable crops, livestock, or other agricultural products, ensuring protection in case of default. When filing a Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien, certain information must be included to ensure its validity and effectiveness. This includes: — The lender's name, address, and contact information — The borrower's name, address, and contact information — A detailed description of the agricultural produce or products covered by the lien — The amount of the loan or credit extended to the borrower — The date the loan was granted or credit extended — Any agreed-upon terms and conditions related to the loan or credit — The lender's authorization to file the lien — The signature of an authorized representative of the lender It is essential to follow the proper procedures and guidelines when filing a Bend Oregon UCC APL-1 Notice of Agricultural Produce Lien to ensure compliance with state regulations and protect the lender's interests. This notice serves as a public record, allowing interested parties to review the existing liens on agricultural produce and make informed decisions when engaging in transactions related to such produce.
