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PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY 9. MISCELLANEOUS: 10. ADDITIONAL DEBTOR S EXACT FULL LEGAL NAME INSERT ONLY ONE DEBTOR NAME (10a OR 10b) Do Not Abbreviate or Combine Names 10.a ORGANIZATION S NAME 10.b INDIVIDUAL S SURNAME FIRST PERSONAL NAME 10.c MAILING ADDRESS Line One ADDITIONAL NAME(S)/INITIAL(S) SUFFIX This space not available. MAILING ADDRESS Line Two CITY STATE POSTAL CODE COUNTRY 11. SECURED P.

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How to fill out the Financing Statement online

Filling out a Financing Statement online can seem daunting, but it is a straightforward process with the right guidance. This document is used to secure interests in personal property and is essential for lenders and borrowers alike.

Follow the steps to complete your Financing Statement online.

  1. Click ‘Get Form’ button to access the Financing Statement and open it in your designated editor.
  2. In the first section, enter the name of the first debtor. If the debtor is an organization, fill in the organization’s name. If the debtor is an individual, provide the surname, first personal name, any additional names or initials, and suffix if applicable.
  3. Move to section nine, labeled 'Miscellaneous.' Here you may enter any additional information relevant to the Financing Statement, if required.
  4. For the additional debtor's information, proceed to section ten. Insert the full legal name of the additional debtor, ensuring to complete either 10a for an organization or 10b for an individual, along with their mailing address, city, state, postal code, and country.
  5. In section eleven, provide the name of the secured party. Input either the organization’s name or the individual’s surname and first personal name. Also, fill in the mailing address.
  6. Sections twelve through fifteen require descriptions. Specifically, describe the real estate or collateral covered by the Financing Statement, and make sure to include the name and address of the record owner if it is different from the debtor.
  7. Review sections sixteen and seventeen to check any applicable boxes related to whether the collateral is held in trust or whether the debtor is a transmitting utility.
  8. Before finalizing, review all filled sections for accuracy. Make sure all required fields are completed. Once finished, you may now save changes, download, print, or share the Financing Statement.

Complete your Financing Statement online today for a seamless filing experience.

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The financing statement describes the types of collateral or personal property that is pledged against the value of the loan, and it identifies the parties that have an interest or stake in the collateral if the debtor defaults. ...

If a continuation is not filed, the financing statement will lapse in five years from the initial filing date. Continuations may be filed in increments of five years and always expire on the anniversary date of the initial filing.

A filed Continuation Statement extends the UCC's effectiveness for an additional five years from the date that the Financing Statement would have expired, not from the filing date of the Continuation Statement.

The UCC-1 Financing Statement is filed to protect a lender's or creditor's security interest by giving public notice that there is a right to take possession of and sell certain assets for repayment of a specific debt with a certain debtor.

A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

A UCC-1 financing statement contains three important pieces of information: Parts 1 and 2 contain the personal and contact information of the borrower. Part 3 contains the personal and contact information of the secured party otherwise known as the creditor. Part 4 describes the collateral covered in the UCC lien.

In fact, it is sometimes called a UCC financing statement. 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.

A UCC-1 financing statement also sometimes referred to as a 'UCC-1 filing,' a 'UCC lien,' or simply a 'UCC-1' is a form that creditors use to create a lien against a debtor's property.

A UCC1 financing statement is effective for a period of five years. A record that is not continued before its lapse date will cease to be effective, costing the secured party their perfected status and perhaps their priority position to collect. Once a financing statement has lapsed, it cannot be revived.

Filer Information. Name and phone number of contact at filer. Email contact at filer. ... Debtor Information. Organization or individual's name. Mailing address. Secured Party Information. Organization or individual's name. Mailing address. Collateral Information. Description of collateral.

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