This Uniform Commercial Code form, a UCC11 - Request for Information - Texas, is for use in the documentation of personal property as collateral for a loan, and related matters.
This Uniform Commercial Code form, a UCC11 - Request for Information - Texas, is for use in the documentation of personal property as collateral for a loan, and related matters.
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Two types of UCC filings can be used by lenders. A UCC filing can be used to place a lien against a single asset, or it can be used to place a blanket lien against multiple assets.
As a homeowner, you authorized a Uniform Commercial Code-1 (UCC-1) filing when you received a loan to add solar panels to your home. To file the agreement, the authorized UCC-1 is filed with the Secretary of State (SOS) and the county where your solar home is located.
A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower's collateral in the case of default.
The filing location for UCC records is determined by the law governing perfection. That is ordinarily the law of the state where the debtor is located under UCC § 9-307. A rule of thumb when filing a UCC record is to file at the central filing office of the state where the debtor is located.
?UCC? stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.