This Uniform Commercial Code form, a UCC3-AD - Financing Statement - Texas, is for use in the documentation of personal property as collateral for a loan, and related matters.
Tarrant Texas UCC3-AD — financing statement is a legal document used in Tarrant County, Texas to record a secured party's interest in collateral provided as security for a loan or other financial transaction. This statement is governed by the Uniform Commercial Code (UCC) Article 9, which sets the rules and guidelines for secured transactions in the United States. The Tarrant Texas UCC3-AD — financing statement is typically filed by the secured party with the County Clerk's office in Tarrant County to provide public notice of their security interest in the collateral. By filing this statement, the secured party establishes priority over any competing claims on the collateral. There are several types of Tarrant Texas UCC3-AD — financing statements, depending on the nature of the transaction or collateral involved: 1. General Financing Statement: This is the most common type of financing statement and is used to secure a general security interest in most types of collateral. It is filed to cover a wide range of assets, including personal property, inventory, equipment, and accounts receivable. 2. Specific Financing Statement: This type of financing statement is used when there is a need to secure a security interest in specific collateral. It provides a more detailed description of the collateral involved, such as serial numbers, make, model, or other identifying information. 3. Agricultural Lien Financing Statement: This type of financing statement is specific to agricultural transactions, specifically securing interests in crops, livestock, or farm equipment. It is filed to establish a priority claim on agricultural assets. 4. Fixture Filing: This type of financing statement is used when the collateral involves fixtures, which are goods that have become attached to real property. Examples include machinery or equipment permanently installed in a building. When filing a Tarrant Texas UCC3-AD — financing statement, it is essential to provide accurate and complete information about the debtor, secured party, and collateral. This includes names, addresses, and any necessary identifying details. In conclusion, the Tarrant Texas UCC3-AD — financing statement is a critical legal document used to establish and protect security interests in collateral. Filing the appropriate type of financing statement ensures that the secured party has priority in case of default or competing claims.Tarrant Texas UCC3-AD — financing statement is a legal document used in Tarrant County, Texas to record a secured party's interest in collateral provided as security for a loan or other financial transaction. This statement is governed by the Uniform Commercial Code (UCC) Article 9, which sets the rules and guidelines for secured transactions in the United States. The Tarrant Texas UCC3-AD — financing statement is typically filed by the secured party with the County Clerk's office in Tarrant County to provide public notice of their security interest in the collateral. By filing this statement, the secured party establishes priority over any competing claims on the collateral. There are several types of Tarrant Texas UCC3-AD — financing statements, depending on the nature of the transaction or collateral involved: 1. General Financing Statement: This is the most common type of financing statement and is used to secure a general security interest in most types of collateral. It is filed to cover a wide range of assets, including personal property, inventory, equipment, and accounts receivable. 2. Specific Financing Statement: This type of financing statement is used when there is a need to secure a security interest in specific collateral. It provides a more detailed description of the collateral involved, such as serial numbers, make, model, or other identifying information. 3. Agricultural Lien Financing Statement: This type of financing statement is specific to agricultural transactions, specifically securing interests in crops, livestock, or farm equipment. It is filed to establish a priority claim on agricultural assets. 4. Fixture Filing: This type of financing statement is used when the collateral involves fixtures, which are goods that have become attached to real property. Examples include machinery or equipment permanently installed in a building. When filing a Tarrant Texas UCC3-AD — financing statement, it is essential to provide accurate and complete information about the debtor, secured party, and collateral. This includes names, addresses, and any necessary identifying details. In conclusion, the Tarrant Texas UCC3-AD — financing statement is a critical legal document used to establish and protect security interests in collateral. Filing the appropriate type of financing statement ensures that the secured party has priority in case of default or competing claims.
