Financing Addendum With Disclosure

State:
Multi-State
Control #:
US-UCC1-AD
Format:
Word; 
PDF
Instant download
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Public form

Description

The Financing Addendum with Disclosure is a crucial document designed for use in conjunction with a UCC Financing Statement, allowing users to include additional information regarding debtors and secured parties. This addendum helps outline specifics concerning collateral, particularly when real estate or specialized assets like timber are involved. Key features include fields for entering the legal names of debtors, additional parties, and descriptions of collateral, ensuring accurate representation of all involved entities. Users are guided through filling out the form with instructions detailing how to enter information correctly. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who require clarity in financial transactions and the safeguarding of secured interests. The form can be utilized to amend existing financing statements or add new debtors and secured parties to ensure comprehensive documentation. Correct utilization of this addendum minimizes the potential for legal disputes and enhances transparency in financial agreements.

How to fill out UCC1-AD Financing Statement Addendum?

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Financing Addendum With Disclosure