Gresham Oregon UCC1 Financing Statement

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Gresham
• Control #: OR-UCC1
• Format: PDF

Description

UCC1 - Financing Statement - Oregon - 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. The Gresham Oregon UCC1 Financing Statement is a legal document that is used to establish a creditor's claim on collateral, as part of the Uniform Commercial Code (UCC) laws in the state of Oregon. This statement is filed with the Oregon Secretary of State to provide public notice of the creditor's security interest. UCC1 Financing Statements are filed when a creditor wants to secure their interest in a debtor's personal property to ensure repayment of a debt. The statement contains detailed information about the debtor, the creditor, and the collateral involved. It is crucial for both parties to accurately complete this form to protect their interests. In Gresham, Oregon, there are different types of UCC1 Financing Statements that can be filed, depending on the purpose and nature of the transaction. Here are some of the common types: 1. Individual Debtor UCC1 Financing Statement: This type is used when an individual is the debtor and wants to create a security interest in their personal property to secure a loan or debt. 2. Business Debtor UCC1 Financing Statement: This is filed when a business entity, such as a partnership or corporation, is the debtor. It allows businesses to establish their security interest in their assets to obtain financing. 3. Amendment UCC1 Financing Statement: An amendment is filed to modify, correct, or provide additional information regarding an already filed UCC1 Financing Statement. It ensures accuracy and completeness of the previously filed statement. 4. Termination UCC1 Financing Statement: This type is filed when a creditor's security interest is no longer valid. It is necessary to remove the previously filed statement and release any claim on the collateral. By filing a Gresham Oregon UCC1 Financing Statement, creditors protect their rights and interests in the event of default or non-payment by the debtor. It also helps potential lenders and buyers to determine any existing liens or encumbrances on the debtor's property.

The Gresham Oregon UCC1 Financing Statement is a legal document that is used to establish a creditor's claim on collateral, as part of the Uniform Commercial Code (UCC) laws in the state of Oregon. This statement is filed with the Oregon Secretary of State to provide public notice of the creditor's security interest. UCC1 Financing Statements are filed when a creditor wants to secure their interest in a debtor's personal property to ensure repayment of a debt. The statement contains detailed information about the debtor, the creditor, and the collateral involved. It is crucial for both parties to accurately complete this form to protect their interests. In Gresham, Oregon, there are different types of UCC1 Financing Statements that can be filed, depending on the purpose and nature of the transaction. Here are some of the common types: 1. Individual Debtor UCC1 Financing Statement: This type is used when an individual is the debtor and wants to create a security interest in their personal property to secure a loan or debt. 2. Business Debtor UCC1 Financing Statement: This is filed when a business entity, such as a partnership or corporation, is the debtor. It allows businesses to establish their security interest in their assets to obtain financing. 3. Amendment UCC1 Financing Statement: An amendment is filed to modify, correct, or provide additional information regarding an already filed UCC1 Financing Statement. It ensures accuracy and completeness of the previously filed statement. 4. Termination UCC1 Financing Statement: This type is filed when a creditor's security interest is no longer valid. It is necessary to remove the previously filed statement and release any claim on the collateral. By filing a Gresham Oregon UCC1 Financing Statement, creditors protect their rights and interests in the event of default or non-payment by the debtor. It also helps potential lenders and buyers to determine any existing liens or encumbrances on the debtor's property.