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Get Tn Form Ucc1ad - Tn.gov - Tn
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How to use or fill out the TN Form UCC1Ad - TN.gov - Tn online
The TN Form UCC1Ad is a vital document for adding debtors or secured parties to an existing UCC Financing Statement. This guide will provide you with a clear and straightforward approach to filling out the form online, ensuring that your information is processed accurately and efficiently.
Follow the steps to complete the UCC1Ad addendum successfully.
- Click ‘Get Form’ button to obtain the form and open it in your preferred document editor.
- In the first section (item 9), enter the name of the first debtor as listed in your UCC Financing Statement (UCC1), ensuring the spelling and formatting are exact.
- If adding an additional debtor, complete item 10 with the new debtor's name and mailing address, exactly as required in the UCC1 instructions.
- For an additional secured party, fill in item 11 with the name and address of the new secured party, if applicable, following the established format.
- In item 12, provide any additional details regarding the collateral if the original description was insufficient.
- If collateral involves real estate, complete item 16 with a full legal description of the property and use item 15 to state the record owner's name and address if the debtor does not hold a record interest.
- Mark the appropriate box in item 13 if the UCC Financing Statement is to be filed in the real estate records.
- Complete item 14 if the UCC covers timber, as-extracted collateral, or is a fixture filing.
- Use item 17 for any miscellaneous information that may be necessary, ensuring to exclude any confidential personal information.
- Once all fields are completed, review the form for accuracy. You can then save your changes, download the form, print it for your records, or share it as needed.
Complete your documents online to ensure a smooth filing process.
A Uniform Commercial Code filing—or UCC filing—is a form of notice that lenders use when securing a borrower's loan with an asset or group of assets. This enables lenders to seize the listed property as a way of recouping loan funds in the case of borrower default.
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