Alaska Sample Letter Transmitting UCC-1 Forms for a Loan Closing
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How to fill out Sample Letter Transmitting UCC-1 Forms For A Loan Closing?
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FAQ
The district recorder in Anchorage is responsible for recording and maintaining property records in the district of Anchorage, which includes not only the municipality of Anchorage, but areas in the south of Matanuska-Susitna Borough and in the northern part of Kenai Peninsula Borough.
In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.
A UCC filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing.
A UCC financing statement also called a UCC-1 financing statement or a UCC-1 filing is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.
Alaska Department of Natural Resources UCC Central Appointments can be made by calling the Recorder's Office in Anchorage at 907-269-8875 and in Fairbanks at 907-452-3521.
Although the UCC-1 Financing Statement does not require signatures, any attachment such as the legal description or special terms and conditions may require the signature of the Debtor.
A request for a certified search of the UCC records must be submitted in writing to one of the Clerk of Court offices. The fee for the search is $30 per debtor name. The Secretary of State offers subscriptions to the UCC database for an annual fee of $400.
The public can find documents by accessing the statewide recording system database at any DNR recording office throughout the state (Anchorage, Fairbanks, and Kenai), or on the Internet.
UCC-1 Financing Statements, commonly referred to as simply UCC-1 filings, are used by lenders to announce their rights to collateral or liens on secured loans. They're usually filed by lenders with the debtor's state's secretary of state office when a loan is first originated.
