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  • Michigan Ucc 1

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SPACE IS FOR FILING OFFICE USE ONLY 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor s name); if any part of the Individual Debtor s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 1a. ORGANIZATION'S NAME OR FIRST PERSONAL NAME 1c. MAILING ADDRESS ADDITIONAL NAME(S)/INITI.

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How to fill out the Michigan UCC 1 online

The Michigan UCC 1 form is essential for registering a security interest in personal property. This guide provides clear, step-by-step instructions for filling out the form online, ensuring you complete it accurately and efficiently.

Follow the steps to fill out the Michigan UCC 1 form online

  1. Use the 'Get Form' button to access the UCC 1 form and open it in the online editing environment.
  2. Complete section A by providing the name and phone number of a contact person at the filer if desired. This information is optional.
  3. Optionally, enter an email address in section B to receive communications from the filing office.
  4. In section C, fill in the name and address where you want an acknowledgment of the filing sent. This is also optional but recommended.
  5. Proceed to section 1, where you will enter the Debtor's name. You must provide either an organization's name (1a) or an individual's name (1b). Ensure you enter the exact full name without any abbreviations.
  6. If the Debtor's name is too long for the available space, leave section 1 blank and indicate that additional information will be provided in item 10 of the Financing Statement Addendum.
  7. Fill in the mailing address for the Debtor under section 1c.
  8. If there is an additional Debtor, complete section 2 using the same criteria as above for identifying the Debtor’s name.
  9. In section 3, provide the Secured Party's name and mailing address. Ensure that this is only one name to maintain clarity.
  10. Clearly state the collateral details in section 4. If necessary, you can provide additional information on an attached sheet.
  11. Check the appropriate boxes in sections 5 and 6 if applicable, indicating if any special circumstances apply to the collateral.
  12. In section 7, you may choose an alternative designation for the parties involved if relevant.
  13. Lastly, if necessary, provide any optional reference data in section 8.
  14. Once all sections have been filled out accurately, you can save changes, download, print, or share the completed form.

Start your filing process for the Michigan UCC 1 form online today.

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You should file a UCC-1 Financing Statement with the secretary of state's office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder's office in the county where the debtor's real property is located.

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 filing on a fixture is a standard UCC-1 financing statement recorded with a secretary of state. It includes the fixture in the description of the collateral. It's important to know it doesn't attach a lien to real estate; you have a subordinate interest to the property owner and other creditors.

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-Uniform Commercial Code-1 statement is a legal notice filed by creditors as a way to publicly declare their rights to potentially obtain the personal properties of debtors who default on business loans they extend.

The financing statement is generally filed with the office of the state secretary of state, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization.

If you're approved for a small-business loan, a lender might file a UCC financing statement or a UCC-1 filing. This is just a legal form that allows for the lender to announce lien on a secured loan. This allows for the lender to seize, foreclose or even sell the underlying collateral if you fail to repay your loan.

Go to the UCC/Tax Lien page. Select "UCC Debtor Name" above the search box. Type the Debtor Name into the search box. Example: If first name of Ron is entered, the look up will include results where the first name field contains: R, Ron, Ronald, Ronda, and so on.

The notices of the UCC lien filing are public record and often published in the local newspapers, giving notice of the lien. The UCC filing is active for five years, which means that a lender needs to renew the filing to keep interests protected for loan terms extending longer than five years.

UCC filings or liens are legal forms that a creditor files to give notice that it has an interest in the personal or business property of a debtor. Essentially, UCC lien filings allow a lender to formally lay claim to collateral that a debtor pledges to secure their financing.

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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
altaFlow
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