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  • Ucc1ad - National Ucc Financing Statement Addendum And ... - Sos Iowa

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UCC FINANCING STATEMENT ADDENDUM FOLLOW INSTRUCTIONS 9. NAME OF FIRST DEBTOR: Same as line 1a or 1b on Financing Statement; if line 1b was left blank because Individual Debtor name did not fit, check.

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How to fill out the UCC1Ad - National UCC Financing Statement Addendum online

Filling out the UCC1Ad - National UCC Financing Statement Addendum is an essential step for recording and perfecting security interests. This guide provides user-friendly instructions to assist you in completing the form efficiently and accurately while using online tools.

Follow the steps to complete the addendum effectively.

  1. Press the ‘Get Form’ button to access the form and open it in the digital editor.
  2. In section 9, enter the name of the first Debtor as listed in item 1 of the Financing Statement (Form UCC1). Ensure the name is exact and complete. If the name did not fit in the previous form, check the corresponding box.
  3. For section 10, complete item 10a or 10b by providing one additional Debtor name that may not have fit in the Financing Statement. Make sure you include the mailing address in section 10c for accurate record-keeping.
  4. In section 11, add an Additional Secured Party’s name or Assignor Secured Party's name. Choose either item 11a or 11b, and include the mailing address where specified.
  5. If you need to provide more information about collateral than space allows in item 4 of the Financing Statement, utilize section 12 to add any additional descriptions or attach extra pages, referencing them as needed.
  6. Indicate in section 13 if this Financing Statement will be filed in the real estate records. If applicable, check the appropriate boxes in section 14 regarding collateral specificities, such as covering timber or being a fixture filing.
  7. For items 15 and 16, provide the name and address of the record owner of the real estate if the Debtor does not have an interest of record, along with a clear description of the real estate per the relevant jurisdiction laws.
  8. In section 17, use this area for any miscellaneous information or to comply with any state-specific requirements. Attach additional pages if necessary and reference them properly.
  9. Once you have filled out all applicable sections, save your changes. You can then download, print, or share the completed form as needed.

Complete your documents online today and ensure your filings are processed smoothly.

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In general, a UCC filing is not bad for your business — it simply serves as an official notice to other creditors that your lender has a security interest in one or all of your assets. However, UCC filings can impact your business credit, risk your company's assets and/or hinder your ability to get future financing.

A UCC-1 is a financing statement that a creditor files to notify other parties that they have a security interest against one or all of your assets. UCC-1s sometimes cause confusion for business owners who need equipment financing, and these filings can affect your business credit score.

A UCC Cooperative Addendum is an additional document to a UCC-1 (Initial Financing Statement) which needs to be filled out when corrections have to be made to an UCC1 Cooperative.

Ask the lender to terminate the lien upon payoff. A good rule of thumb is to request that your lender file a UCC-3 form with your secretary of state as soon as possible after you pay off your loan. The UCC-3 will terminate the lien on your company's assets (or assets) and remove the UCC-1 filing.

A UCC filing won't impact your business credit scores directly because it doesn't indicate anything about your ability to repay your debts. However, it can affect your ability to get credit again in the future.

Iowa has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments.

A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

Essentials for UCC Filings You MUST use National UCC Forms. Multiple copies are no longer required. You need only file one copy. Remit fees: $5.00 for electronic filing. $10.00 for one or two pages. $20.00 for over two pages. National UCC forms are available here.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232