UCC Filing in Oregon: A Comprehensive Overview of the Different Types What is UCC Filing in Oregon? UCC filing, also known as Uniform Commercial Code filing, is a legal process that enables individuals, businesses, and lenders to publicly declare their secured interest in personal property. In Oregon, UCC filing is governed by the Oregon Secretary of State's office and the Oregon Revised Statutes. Keywords: UCC filing, Oregon, Uniform Commercial Code filing, legal process, secured interest, personal property, Oregon Secretary of State, Oregon Revised Statutes. Types of UCC Filing in Oregon: 1. UCC-1 Financing Statement: The UCC-1 Financing Statement is the most common type of UCC filing in Oregon. It allows lenders or creditors to establish their secured interest in the personal property of a debtor. This filing ensures that the lender's claim on the collateral takes priority over other claims in case of default or bankruptcy. Keywords: UCC-1 Financing Statement, lenders, creditors, secured interest, personal property, debtor, collateral, default, bankruptcy. 2. UCC-3 Financing Statement Amendment: UCC-3 Financing Statement Amendment is a type of UCC filing used to modify or amend information provided in the original UCC-1 Financing Statement. This amendment can include changes in debtor information, collateral description, or additional collateral being pledged, among other necessary modifications. Keywords: UCC-3 Financing Statement Amendment, modify, amend, original UCC-1 Financing Statement, debtor information, collateral description, additional collateral, pledge, modifications. 3. UCC-5 Information Statement: The UCC-5 Information Statement is a filing used to provide updates or corrections to previously filed UCC records. It allows individuals or businesses to convey changes, such as the termination of a UCC filing or revisions in debtor information, ensuring accurate and up-to-date records. Keywords: UCC-5 Information Statement, updates, corrections, UCC records, termination, revisions, debtor information, accurate, up-to-date. 4. UCC-11 Information Request: UCC-11 Information Request is a type of UCC filing used to request information about existing UCC filings or records related to a specific debtor or collateral. This filing is commonly used by potential lenders or creditors to gather essential details before entering into a secured transaction with a debtor. Keywords: UCC-11 Information Request, request, information, UCC filings, records, debtor, collateral, lenders, creditors, secured transaction. 5. UCC-1AD Additional Debtor: UCC-1AD Additional Debtor filing is utilized when an additional debtor needs to be included in an existing UCC filing. This type of filing ensures that all involved parties are properly identified and their interests duly documented, promoting transparency in secured transactions. Keywords: UCC-1AD Additional Debtor, additional debtor, UCC filing, involved parties, identified, interests, documented, transparency, secured transactions. Remember, when engaging in UCC filing in Oregon, it is crucial to understand the specific requirements and guidelines provided by the Oregon Secretary of State's office to ensure compliance and accurate filings.
Ucc Filing In Oregon
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FAQ
Before you can file a lien in Texas, you must first send a notice of intent to the owner, general contractor, and other interested parties. This notice must be sent no later than the 15th day of the third month following the month in which you provided labor or materials to the project.
For residential jobs where there is no Notice of Contract, all suppliers and equipment rental companies can extend their lien deadline by 10 days if they send a Notice of Intent to Lien (called a ?Final Notice of Nonpayment?) at least 10 days before their lien deadline.
For residential jobs where there is no Notice of Contract, all suppliers and equipment rental companies can extend their lien deadline by 10 days if they send a Notice of Intent to Lien (called a ?Final Notice of Nonpayment?) at least 10 days before their lien deadline.
NOTICE OF RIGHT TO LIEN It must be served on the owner and the general contractor. Unless you are working directly for the general contractor. If the owner obtained a loan to fund the project, you must also serve the notice to the construction lender.
Unlicensed Contractor Cannot Assert a Valid Lien under Louisiana's Private Works Act.
Ing to Louisiana law, a judgment lien remains valid for a period of 10 years. If the 10 year period passes and the funds are still owed on the judgment, there may be steps required in order to preserve your ability to collect on the judgment.
There are three general steps to filing a mechanics lien in Louisiana: Complete the Louisiana Statement of Claim and Privilege form. Record the claim form with the recorder of mortgages office in the parish where the property is located. Serve notice of the lien claim to the property owner.
There are three general steps to filing a mechanics lien in Louisiana: Complete the Louisiana Statement of Claim and Privilege form. Record the claim form with the recorder of mortgages office in the parish where the property is located. Serve notice of the lien claim to the property owner.