Chattel Form Paper With Lines In Philadelphia
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So, the UCC-1 filing is technically not a lien on your real property (i.e. your residence or real estate), nor is it technically a “fixture filing.” However, it is filed via a similar process as a fixture filing so that it can be found more easily as a public record.
The UCC doesn't apply to commercial real estate purchases or leases. Another way to put it: The UCC covers personal property, not real property. To find laws for real estate contracts, you'll need to look to other state laws, regulations, and court cases that specifically relate to real property.
Let's say a borrower puts up his house as collateral. A UCC filing could state that the borrower's home is foreclosed on in the event of a default or bankruptcy. It could also state that the house is seized or just sold off. UCC filings are active for five years.
UCC Financing statements must be filed where the debtor is located. Filings are with the Secretary of States office only and not with the county recorder. For non-US entities, the filing location is the District of Columbia.
Steps Download the UCC-1 form. Provide direct contact information if desired. Fill in the debtor's name and mailing address. List the name and address of the secured party. Indicate the collateral covered by the financing statement. Include applicable descriptions of the transaction. Fill out an addendum if necessary.
Authorizing and Filing UCC Terminations Prepare and complete a UCC-3 amendment form to include: The filing number of the initial financing statement to which amendment relates. Review and review again for any mistakes or incorrect information. Submit the filing to Secretary of State's office in the appropriate state.
Current secured transactions law draws a distinction between real estate collateral and personal property collateral. In general, Article 9 of the Uniform Commercial Code applies only to security interests in personal property and fixtures, not liens on real property. See current §9-102(1)(a) and §9-104(b & j).
It is generally not placed on titled assets, such as a vehicle or real property, like a home or commercial building.
In Philadelphia, you must file your small claims court case in person (not by mail) by going to the court's first filing office on the 10th floor of 1339 Chestnut Street in Philadelphia. The Philadelphia court has interviewers to assist you in filling out the paper work.
All complaints are filed by the First Filing Unit, 1339 Chestnut Street, Philadelphia, PA 19107. Mail your complaint to this address. Include a self-address stamped envelope with your filing, to receive your filed complaint, pertinent forms and hearing information.