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 Suffolk New York UCC Financing Statement is a legal document that records a creditor's security interest in a debtor's personal property located in Suffolk County, New York. It is filed with the Suffolk County Clerk's office in order to provide public notice of the creditor's claim on the debtor's assets. The UCC (Uniform Commercial Code) is a set of laws governing commercial transactions in the United States. UCC Financing Statements are based on the provisions of the UCC and serve as an important tool for creditors to safeguard their interests in secured transactions. When filing a Suffolk New York UCC Financing Statement, certain information is required, including the names and addresses of both the debtor and the creditor, a description of the collateral or assets being pledged as security, and any specific terms or conditions agreed upon by the parties involved. It is crucial for these details to be accurate and clearly stated to avoid any confusion or disputes. There are several types of Suffolk New York UCC Financing Statements, each serving a specific purpose: 1. Initial Financing Statement: This is the first UCC Financing Statement filed by a creditor to establish their security interest in the debtor's property. It is typically filed at the beginning of a commercial relationship. 2. Amendment: An amendment to a UCC Financing Statement is filed when there are changes to the original statement, such as updates to collateral descriptions, parties' information, or terms of the agreement. 3. Continuation Statement: A continuation statement is filed to extend the duration of a UCC Financing Statement that is about to expire. It is necessary to file a continuation statement before the original statement lapses to maintain the creditor's priority over other potential claimants. 4. Termination Statement: A termination statement is filed when a creditor's interest in the debtor's property is no longer valid. This document removes the UCC Financing Statement from public records, indicating that the debt has been fully satisfied or the security interest has been released. It is important to note that Suffolk New York UCC Financing Statements are governed by specific laws and regulations applicable in Suffolk County. Understanding these laws and following the correct filing procedures is crucial for both creditors and debtors to ensure that their interests are properly protected and accurately reflected in public records.A Suffolk New York UCC Financing Statement is a legal document that records a creditor's security interest in a debtor's personal property located in Suffolk County, New York. It is filed with the Suffolk County Clerk's office in order to provide public notice of the creditor's claim on the debtor's assets. The UCC (Uniform Commercial Code) is a set of laws governing commercial transactions in the United States. UCC Financing Statements are based on the provisions of the UCC and serve as an important tool for creditors to safeguard their interests in secured transactions. When filing a Suffolk New York UCC Financing Statement, certain information is required, including the names and addresses of both the debtor and the creditor, a description of the collateral or assets being pledged as security, and any specific terms or conditions agreed upon by the parties involved. It is crucial for these details to be accurate and clearly stated to avoid any confusion or disputes. There are several types of Suffolk New York UCC Financing Statements, each serving a specific purpose: 1. Initial Financing Statement: This is the first UCC Financing Statement filed by a creditor to establish their security interest in the debtor's property. It is typically filed at the beginning of a commercial relationship. 2. Amendment: An amendment to a UCC Financing Statement is filed when there are changes to the original statement, such as updates to collateral descriptions, parties' information, or terms of the agreement. 3. Continuation Statement: A continuation statement is filed to extend the duration of a UCC Financing Statement that is about to expire. It is necessary to file a continuation statement before the original statement lapses to maintain the creditor's priority over other potential claimants. 4. Termination Statement: A termination statement is filed when a creditor's interest in the debtor's property is no longer valid. This document removes the UCC Financing Statement from public records, indicating that the debt has been fully satisfied or the security interest has been released. It is important to note that Suffolk New York UCC Financing Statements are governed by specific laws and regulations applicable in Suffolk County. Understanding these laws and following the correct filing procedures is crucial for both creditors and debtors to ensure that their interests are properly protected and accurately reflected in public records.
