Ucc 3 Termination Form Nj Withholding

State:
New Jersey
Control #:
NJ-UCC3
Format:
Word; 
PDF; 
Rich Text
Instant download
This website is not affiliated with any governmental entity
Public form

Description

The UCC 3 Termination Form for New Jersey is designed to formally terminate the effectiveness of a financing statement regarding a secured party's security interest. This essential document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactions where a lien or security interest is being lifted. Key features of the form include options for termination, continuation, assignment, and amendments related to debtor information or collateral. When filling out the form, users must ensure accuracy in itemizing names, addresses, and organizational details as mistakes can result in significant legal consequences. Users are instructed to attach additional documents if necessary and to utilize specific instructions for name changes or deleting/adding parties. The structure of the form allows for clear communication of changes to filing offices, making it useful for real estate records and other legal proceedings. Overall, this form is an essential tool for maintaining accurate public records and ensuring the proper management of security interests.

How to fill out New Jersey UCC3 Financing Statement Amendment?

Regardless of whether for commercial reasons or personal matters, everyone must confront legal circumstances at some stage in their lives. Completing legal documents necessitates meticulous focus, starting from selecting the appropriate form sample. For example, if you select an incorrect version of the Ucc 3 Termination Form Nj Withholding, it will be rejected upon submission. Thus, it is crucial to obtain a reliable source of legal documents like US Legal Forms.

If you need to acquire a Ucc 3 Termination Form Nj Withholding sample, follow these straightforward steps.

With an extensive US Legal Forms catalog available, you do not need to waste time searching for the correct template across the internet. Utilize the library’s user-friendly navigation to find the appropriate form for any circumstance.

  1. Locate the template you require by using the search bar or catalog navigation.
  2. Review the form’s description to ensure it corresponds with your situation, state, and county.
  3. Click on the form’s preview to examine it.
  4. If it is the incorrect form, return to the search feature to find the Ucc 3 Termination Form Nj Withholding sample you require.
  5. Download the template when it aligns with your prerequisites.
  6. If you already possess a US Legal Forms account, simply click Log in to access previously saved documents in My documents.
  7. If you do not have an account yet, you may acquire the form by clicking Buy now.
  8. Select the suitable pricing option.
  9. Complete the profile registration form.
  10. Select your payment method: use a credit card or PayPal account.
  11. Choose the document format you desire and download the Ucc 3 Termination Form Nj Withholding.
  12. Once it is saved, you can fill out the form using editing software or print it and complete it manually.

Form popularity

FAQ

1. Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.

Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.

To add, edit or delete a debtor, secured party and/or collateral, you can file an Amendment online. Go to the UCC Home Page at .njportal.com/UCC and select the link "Amendment (UCC-3)". Enter the filing number to pull up the information and then you can make a change to the debtor, secured party and/or collateral.

First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. 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.

UCC filings in New Jersey go through the New Jersey Department of the Treasury's Division of Revenue and Enterprise Services. UCC-1 financing statements are submitted to secure debt, and then form UCC-3 is used for amendments to a UCC-secured financing agreement.

Trusted and secure by over 3 million people of the world’s leading companies

Ucc 3 Termination Form Nj Withholding