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  • Ucc-1 With Addendums - Bridge Service

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UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER optional B. SEND ACKNOWLEDGMENT TO: (Name and Address) Print Reset THE ABOVE SPACE IS.

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How to fill out the UCC-1 With Addendums - Bridge Service online

Understanding how to complete the UCC-1 With Addendums - Bridge Service form accurately can simplify the process of securing interests in personal property. This guide will walk you through each section of the form with clear, step-by-step instructions tailored to users of all experience levels.

Follow the steps to fill out the UCC-1 form online.

  1. Click ‘Get Form’ button to obtain the form and access it for completion.
  2. In section A, you may optionally provide the name and phone number of a contact person at the filer. This information can help assist in future communication regarding the form, though it is not mandatory.
  3. Fill in section B with the name and address where you would like the acknowledgment sent after the filing. Ensure that this address is accurate to receive vital communication.
  4. Proceed to section 1, where you will need to write the exact full legal name of the debtor, using either the organization's name or an individual's name. Avoid abbreviations or combining names.
  5. Complete the mailing address for the debtor in section 1c, ensuring all fields, including city, state, and postal code, are filled in accurately.
  6. In sections 1f and 1g, indicate the jurisdiction of the organization and the organizational ID number if applicable. This information is crucial for proper legal identification.
  7. If there are additional debtors, fill in section 2, repeating the process of providing the necessary legal names, addresses, and information as outlined in section 1.
  8. Fill in the secured party's name in section 3, again choosing between an organization or an individual, and provide their mailing address.
  9. In section 4, clearly describe the collateral covered by the financing statement. Be specific to ensure clarity on what is secured.
  10. If applicable, complete the alternative designation field in section 5, selecting the appropriate description that fits your situation.
  11. In section 6, if you request search reports on the debtors, check the corresponding box. This can provide valuable information related to filing.
  12. For any additional information or optional references, use section 8 to provide that data.
  13. Once all necessary fields are filled, carefully review your information for accuracy. You can then save your changes, download, print, or share the completed form as needed.

Start your digital document management journey by filling out the UCC-1 form online today.

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You can always check the status of UCC filings against your business through your business credit report or searching UCC lien public records.

A UCC filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing. The term UCC filing comes from the uniform commercial code.

The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file. If this does not happen within the 20-day time frame, the debtor may file a UCC-3 termination statement.

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.

Having a UCC filed on your business credit report can have negative effects in general on your overall credit risk, scoring and other associated risk analysis, (across all three business credit bureaus) and can even kill your chances at getting financing for your business.

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).

Primarily there are two main ways to remove them. One way is by having the lender file a UCC-3 Financing Statement Amendment. Another way to remove a UCC filing is by swearing an oath of full payment at the secretary of state office.

How much does it cost to file a UCC financing statement? With the myriad of jurisdictions across the country, it's impossible to provide a list of the cost for each one. However, in general, most charge a nominal fee in the range of $10 to $25 per filing.

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 termination is a notice that a secured party or other lien holder released its claim against a debtor's assets.

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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
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