Collin, Texas is a county located in the northern part of the state. Known for its vibrant communities and economic growth, Collin County is home to various cities and towns, including Collin itself. When it comes to UCC-3 Termination Statements, which refer to the Uniform Commercial Code (UCC) document used to terminate or amend a financing statement, several types can be found within Collin, Texas. These types may include: 1. Collin Texas Sample Letter for UCC-3 Termination Statement for Individual Accounts: This type of termination statement is specifically designed for individuals who wish to terminate a UCC filing related to their personal finances or assets. It may cover different aspects, such as loans, mortgages, or security agreements, among others. 2. Collin Texas Sample Letter for UCC-3 Termination Statement for Business Accounts: This type of termination statement is commonly used by businesses operating within Collin County, Texas. It allows companies to terminate or amend a UCC filing related to their commercial activities, including partnerships, loans, leases, or other financial agreements. 3. Collin Texas Sample Letter for UCC-3 Termination Statement for Real Estate: Real estate transactions often involve UCC filings, making this type of termination statement crucial for individuals or businesses who want to terminate or amend their UCC-3 statements related to real estate holdings within Collin County, Texas. 4. Collin Texas Sample Letter for UCC-3 Termination Statement for Leases: This particular type of termination statement is vital for landlords, tenants, or property management companies in Collin County. It allows them to terminate or amend UCC-3 statements related to leases or rental agreements. In summary, Collin, Texas, offers various types of Sample Letters for UCC-3 Termination Statements to cater to different legal and financial needs. Whether it's an individual or a business, these termination statements help facilitate the termination or amendment of UCC filings in Collin County, ensuring compliance with the Uniform Commercial Code.
Collin Texas Sample Letter for UCC-3 Termination Statement
Description
How to fill out Collin Texas Sample Letter For UCC-3 Termination Statement?
Drafting paperwork for the business or individual demands is always a big responsibility. When drawing up a contract, a public service request, or a power of attorney, it's essential to take into account all federal and state laws and regulations of the particular area. However, small counties and even cities also have legislative procedures that you need to consider. All these details make it tense and time-consuming to draft Collin Sample Letter for UCC-3 Termination Statement without professional help.
It's easy to avoid spending money on attorneys drafting your paperwork and create a legally valid Collin Sample Letter for UCC-3 Termination Statement by yourself, using the US Legal Forms online library. It is the biggest online collection of state-specific legal documents that are professionally verified, so you can be certain of their validity when choosing a sample for your county. Previously subscribed users only need to log in to their accounts to download the necessary document.
In case you still don't have a subscription, follow the step-by-step instruction below to obtain the Collin Sample Letter for UCC-3 Termination Statement:
- Examine the page you've opened and verify if it has the document you need.
- To accomplish this, use the form description and preview if these options are presented.
- To locate the one that satisfies your requirements, utilize the search tab in the page header.
- Recheck that the sample complies with juridical criteria and click Buy Now.
- Choose the subscription plan, then log in or create an account with the US Legal Forms.
- Utilize your credit card or PayPal account to pay for your subscription.
- Download the chosen document in the preferred format, print it, or complete it electronically.
The exceptional thing about the US Legal Forms library is that all the paperwork you've ever acquired never gets lost - you can get it in your profile within the My Forms tab at any moment. Join the platform and easily get verified legal forms for any use case with just a few clicks!
Form popularity
FAQ
UCC stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.
A termination statement is a legal document signed by a lending institution. The purpose of the document is to confirm that a loan, previously extended by that lender, has since been repaid by the borrower.
First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
What is UCC3 Termination? UCC-3 Filing step-by-step - YouTube YouTube Start of suggested clip End of suggested clip Stuff number three at this point the lender will either release the lien or send you a terminationMoreStuff number three at this point the lender will either release the lien or send you a termination statement that you could file yourself to remove the lien.
Related Definitions UCC Termination Statements means completed UCC Financing Statement Amendments, in form and substance acceptable to Buyer, to delete the Assets as collateral under, or to terminate, as the case may be, the UCC financing statements listed on Exhibit Q.
If you need to remove a UCC filing form your credit report, ask the lender to file for its removal. In order to do this, they need to file a UCC-3 Financing Statement Amendment. You can also just wait it out. Depending on how long you have been with the lender, the filing may be removed within a few months.
Request a UCC-3 Financial Statement Amendment (Termination): You should request the lender to file a UCC-3 termination, since lenders typically don't file these unless requested. You should always get confirmation from the lender that the UCC-3 was filed. This termination statement can remove the UCC lien if processed.
3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
