This form is a UCC financing statement, used to record a security interest on personal property.
Travis Texas Financing Statement, also known as a UCC-1 Financing Statement, is a legal document used in the state of Texas to establish a creditor's security interest in personal property owned by a debtor. This statement serves as public notice that the creditor has a legal claim over the debtor's assets as collateral, typically in the context of a loan or financing arrangement. The Travis Texas Financing Statement is governed by the Uniform Commercial Code (UCC), which ensures uniformity in commercial transactions across different states. It is filed with the Texas Secretary of State's office and contains essential information about the debtor, the creditor, and the collateral involved. Keywords: Travis Texas Financing Statement, UCC-1 Financing Statement, Texas Secretary of State, creditor's security interest, personal property, debtor, collateral, loan, financing arrangement, legal claim, Uniform Commercial Code. Different Types of Travis Texas Financing Statements: 1. UCC-1 Financing Statement: This is the most common type of Travis Texas Financing Statement that covers general security interests in personal property. It allows creditors to establish a priority claim over the debtor's assets in case of default or bankruptcy. 2. UCC-1AD Financing Statement: The UCC-1AD Financing Statement is used specifically for agricultural liens, mainly involving farm products, livestock, and equipment in Texas. 3. UCC-1F Financing Statement: This financing statement is designed to cover fixtures or goods that have become part of real estate, such as machinery or equipment attached to a building or land. 4. UCC-1D Financing Statement: The UCC-1D Financing Statement is utilized for timber to establish a creditor's interest in timber to be cut or severed from real property. 5. UCC-1E Financing Statement: This type of financing statement is employed for transmitting utility liens, allowing the creditor to claim an interest in utility fixtures like gas and water pipelines, electricity generation equipment, or telecommunication installations. Keywords: UCC-1AD Financing Statement, UCC-1F Financing Statement, UCC-1D Financing Statement, UCC-1E Financing Statement, agricultural liens, fixtures, goods, real estate, timber, utility liens.
Travis Texas Financing Statement, also known as a UCC-1 Financing Statement, is a legal document used in the state of Texas to establish a creditor's security interest in personal property owned by a debtor. This statement serves as public notice that the creditor has a legal claim over the debtor's assets as collateral, typically in the context of a loan or financing arrangement. The Travis Texas Financing Statement is governed by the Uniform Commercial Code (UCC), which ensures uniformity in commercial transactions across different states. It is filed with the Texas Secretary of State's office and contains essential information about the debtor, the creditor, and the collateral involved. Keywords: Travis Texas Financing Statement, UCC-1 Financing Statement, Texas Secretary of State, creditor's security interest, personal property, debtor, collateral, loan, financing arrangement, legal claim, Uniform Commercial Code. Different Types of Travis Texas Financing Statements: 1. UCC-1 Financing Statement: This is the most common type of Travis Texas Financing Statement that covers general security interests in personal property. It allows creditors to establish a priority claim over the debtor's assets in case of default or bankruptcy. 2. UCC-1AD Financing Statement: The UCC-1AD Financing Statement is used specifically for agricultural liens, mainly involving farm products, livestock, and equipment in Texas. 3. UCC-1F Financing Statement: This financing statement is designed to cover fixtures or goods that have become part of real estate, such as machinery or equipment attached to a building or land. 4. UCC-1D Financing Statement: The UCC-1D Financing Statement is utilized for timber to establish a creditor's interest in timber to be cut or severed from real property. 5. UCC-1E Financing Statement: This type of financing statement is employed for transmitting utility liens, allowing the creditor to claim an interest in utility fixtures like gas and water pipelines, electricity generation equipment, or telecommunication installations. Keywords: UCC-1AD Financing Statement, UCC-1F Financing Statement, UCC-1D Financing Statement, UCC-1E Financing Statement, agricultural liens, fixtures, goods, real estate, timber, utility liens.