Arkansas National UCC Financing Statement Additional Parties are a type of document that is used to provide additional information for a UCC Financing Statement filed in Arkansas. This document is used to add additional parties to the financing statement and provide details such as the parties’ addresses, contact information, and other relevant information. There are two types of Arkansas National UCC Financing Statement Additional Parties: (1) Additional Debtor (or Additional Secured Party) and (2) Additional Creditor (or Additional Secured Party). The Additional Debtor (or Additional Secured Party) is used to add a debtor to the financing statement. The Additional Creditor (or Additional Secured Party) is used to add a creditor to the financing statement.
Arkansas National UCC Financing Statement Additional Parties
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How to fill out Arkansas National UCC Financing Statement Additional Parties?
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FAQ
What is a UCC Cooperative Addendum/UCC Addendum form: A filed UCC Cooperative Addendum form contains the names of the debtor, the secured party or its representatives, and the cooperative. It also holds information such as the property's address and the file number of the Initial UCC-1.
Assignment When a secured party needs to assign or transfer all or a portion of its rights to the collateral listed in a UCC-1 financing statement. It is considered an alteration of the previous filing.
To put it in simple terms, the secured party is the creditor on the UCC loan. The creditor is the secured party because they have a financial interest in the collateral which the lien is on.
How to complete a UCC1 (Step by Step) Filer Information. Name and phone number of contact at filer. Email contact at filer.Debtor Information. Organization or individual's name. Mailing address. Secured Party Information. Organization or individual's name. Mailing address. Collateral Information. Description of collateral.
If the individual resides in a state other than where the business is registered, multiple filings may be required in order to perfect. For more information on UCC filings, visit the First Corporate Solutions reference library or register for one of our free webinar events!