This is the "National UCC Finanacing Statement," and it is an American Lawyer Media form. It contains an acknowledgement copy, a debtor copy, a search request copy, and the secured party's copy.
A Phoenix, Arizona UCC Financing Statement is a legal document used to establish a creditor's security interest in a debtor's personal property in the state of Arizona. It is filed with the Arizona Secretary of State's office and acts as a public notice to other creditors about the creditor's claim on the said property. This financing statement is governed by the Uniform Commercial Code (UCC), a set of laws that standardize commercial transactions throughout the United States to ensure fairness and consistency. UCC laws are enacted at the state level and may have slight variations, so it is essential to refer to the specific state's regulations when dealing with a UCC Financing Statement. The Phoenix, Arizona UCC Financing Statement must include various details to be effective, such as: 1. Debtor Information: The debtor's legal name, address, and other identifying information, such as their social security number or employer identification number if applicable. 2. Creditor Information: The creditor's legal name, address, and contact information should be provided accurately. 3. Collateral Description: A precise and detailed description of the personal property that the creditor seeks to establish a security interest in. The description should be sufficient to identify the collateral without ambiguity. 4. Filing Fees: Along with the required information, the creditor must pay the appropriate filing fees to the Arizona Secretary of State's office to officially record the UCC Financing Statement. Different types of UCC Financing Statements in Phoenix, Arizona may include: 1. UCC-1 Financing Statement: The most common type used to establish a creditor's security interest in personal property. 2. UCC-3 Financing Statement Amendment: This amendment is filed to modify, continue, terminate, or assign the original UCC-1 statement. 3. UCC-5 Information Statement: This statement is not used to establish security interests but provides additional information about the debtor or creditor without altering or affecting any prior UCC filings. It is crucial for creditors to file a UCC Financing Statement promptly to protect their interests in a debtor's personal property, especially if the debtor defaults on the payment or faces insolvency in the future. The UCC Financing Statement serves as a valuable tool for creditors and allows them to secure their position in the event of disputes or bankruptcy proceedings.A Phoenix, Arizona UCC Financing Statement is a legal document used to establish a creditor's security interest in a debtor's personal property in the state of Arizona. It is filed with the Arizona Secretary of State's office and acts as a public notice to other creditors about the creditor's claim on the said property. This financing statement is governed by the Uniform Commercial Code (UCC), a set of laws that standardize commercial transactions throughout the United States to ensure fairness and consistency. UCC laws are enacted at the state level and may have slight variations, so it is essential to refer to the specific state's regulations when dealing with a UCC Financing Statement. The Phoenix, Arizona UCC Financing Statement must include various details to be effective, such as: 1. Debtor Information: The debtor's legal name, address, and other identifying information, such as their social security number or employer identification number if applicable. 2. Creditor Information: The creditor's legal name, address, and contact information should be provided accurately. 3. Collateral Description: A precise and detailed description of the personal property that the creditor seeks to establish a security interest in. The description should be sufficient to identify the collateral without ambiguity. 4. Filing Fees: Along with the required information, the creditor must pay the appropriate filing fees to the Arizona Secretary of State's office to officially record the UCC Financing Statement. Different types of UCC Financing Statements in Phoenix, Arizona may include: 1. UCC-1 Financing Statement: The most common type used to establish a creditor's security interest in personal property. 2. UCC-3 Financing Statement Amendment: This amendment is filed to modify, continue, terminate, or assign the original UCC-1 statement. 3. UCC-5 Information Statement: This statement is not used to establish security interests but provides additional information about the debtor or creditor without altering or affecting any prior UCC filings. It is crucial for creditors to file a UCC Financing Statement promptly to protect their interests in a debtor's personal property, especially if the debtor defaults on the payment or faces insolvency in the future. The UCC Financing Statement serves as a valuable tool for creditors and allows them to secure their position in the event of disputes or bankruptcy proceedings.