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Get Ucc Financing Statement Addendum (ucc1ad) - State Of Michigan - Mich
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How to fill out the UCC Financing Statement Addendum (UCC1Ad) - State Of Michigan - Mich online
Filling out the UCC Financing Statement Addendum (UCC1Ad) can seem daunting, but understanding its components makes the process straightforward. This guide will walk you through each section of the form, ensuring you complete it accurately and confidently.
Follow the steps to effectively complete the UCC Financing Statement Addendum online.
- Click ‘Get Form’ button to access the UCC Financing Statement Addendum form and open it in your preferred digital editor.
- In item 9, enter the name of the first Debtor exactly as it appears on line 1 of the related financing statement (UCC1). If the name did not fit on the first form, be sure to check the corresponding box.
- For item 10, if you are adding an additional Debtor, enter their name in either 10a (Organization’s name) or 10b (Individual’s name). Also, complete 10c with their mailing address. Ensure you use the full name without abbreviations.
- Proceed to item 11, where you will provide the name of an additional Secured Party in the same format as described for Debtors. Complete the mailing address in item 11c.
- In item 12, if there is insufficient space in item 4 of the financing statement to describe the collateral, provide the additional information needed here.
- If applicable, in item 13, indicate that the financing statement will be filed in the real estate records and check the relevant boxes in item 14 for specific property types.
- For items 15 and 16, if the financing statement involves real estate, be sure to provide the name and address of the record owner (item 15) and a clear description of the real estate (item 16). Attach additional pages if necessary.
- In item 17, add any miscellaneous information or attach additional documentation as needed, ensuring to reference any attachments correctly.
- Lastly, once all sections are filled out correctly, save your changes, and you will have the option to download, print, or share the completed UCC Financing Statement Addendum.
Complete your UCC Financing Statement Addendum online easily and ensure accuracy in your filings.
Related links form
A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors in an effort to publicly declare their right to seize assets of debtors who default on loans. UCC-1 notices are typically printed in local newspapers, in an effort to publicly express a lender's intent to seize collateralized assets.
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