This Uniform Commercial Code form, a UCC1-AD - Financing Statement - Texas, is for use in the documentation of personal property as collateral for a loan, and related matters.
Arlington Texas UCC1-AD — Financing Statement is a legal document filed by creditors to claim a security interest in personal property as collateral for a loan. It is an important tool used in the world of commercial finance, ensuring lenders have legal protection and priority rights in case of default or bankruptcy by the borrower. The UCC1-AD refers to the standard financing statement form used in Arlington, Texas, as governed by the Uniform Commercial Code (UCC). It serves as a public notice, disclosing the details of the creditor's security interest, the debtor's identity, and the collateral involved. Keywords: Arlington Texas, UCC1-AD, Financing Statement, legal document, creditors, security interest, personal property, collateral, loan, commercial finance, lenders, priority rights, default, bankruptcy, UCC, public notice, debtor's identity, Uniform Commercial Code. Types of Arlington Texas UCC1-AD — Financing Statement may include: 1. UCC1-AD Individual Debtor: This type of financing statement is used when an individual debtor is involved in the transaction, where an individual borrower is using personal property as collateral for a loan. It requires the debtor's name, address, social security number, and other identifying information. 2. UCC1-AD Organization Debtor: In cases where the debtor is an organization such as a business or corporation, this type of financing statement is used. It requires the organization's legal name, address, and other identifying information. 3. UCC1-AD Fixture Filing: In certain situations, when personal property (usually equipment or appliances) becomes attached to real estate and becomes "fixtures," a fixture filing must be made. This extends the creditor's security interest to the property that has become part of the real estate. 4. UCC1-AD Amended Financing Statement: If there are any changes or amendments to the original UCC1-AD financing statement, an amended financing statement can be filed to update the information. This could include changes to the debtor's name, address, collateral description, or other relevant details. Keywords: UCC1-AD Individual Debtor, UCC1-AD Organization Debtor, UCC1-AD Fixture Filing, UCC1-AD Amended Financing Statement, personal property, collateral, loan, debtor, organization, fixture filing, fixtures, real estate, amended financing statement, creditor's security interest.Arlington Texas UCC1-AD — Financing Statement is a legal document filed by creditors to claim a security interest in personal property as collateral for a loan. It is an important tool used in the world of commercial finance, ensuring lenders have legal protection and priority rights in case of default or bankruptcy by the borrower. The UCC1-AD refers to the standard financing statement form used in Arlington, Texas, as governed by the Uniform Commercial Code (UCC). It serves as a public notice, disclosing the details of the creditor's security interest, the debtor's identity, and the collateral involved. Keywords: Arlington Texas, UCC1-AD, Financing Statement, legal document, creditors, security interest, personal property, collateral, loan, commercial finance, lenders, priority rights, default, bankruptcy, UCC, public notice, debtor's identity, Uniform Commercial Code. Types of Arlington Texas UCC1-AD — Financing Statement may include: 1. UCC1-AD Individual Debtor: This type of financing statement is used when an individual debtor is involved in the transaction, where an individual borrower is using personal property as collateral for a loan. It requires the debtor's name, address, social security number, and other identifying information. 2. UCC1-AD Organization Debtor: In cases where the debtor is an organization such as a business or corporation, this type of financing statement is used. It requires the organization's legal name, address, and other identifying information. 3. UCC1-AD Fixture Filing: In certain situations, when personal property (usually equipment or appliances) becomes attached to real estate and becomes "fixtures," a fixture filing must be made. This extends the creditor's security interest to the property that has become part of the real estate. 4. UCC1-AD Amended Financing Statement: If there are any changes or amendments to the original UCC1-AD financing statement, an amended financing statement can be filed to update the information. This could include changes to the debtor's name, address, collateral description, or other relevant details. Keywords: UCC1-AD Individual Debtor, UCC1-AD Organization Debtor, UCC1-AD Fixture Filing, UCC1-AD Amended Financing Statement, personal property, collateral, loan, debtor, organization, fixture filing, fixtures, real estate, amended financing statement, creditor's security interest.
