Arkansas Financing Statement

State:
Multi-State
Control #:
US-01693-AZ
Format:
Word; 
Rich Text
Instant download

Description

This form is a UCC financing statement, used to record a security interest on personal property.

How to fill out Financing Statement?

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FAQ

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.

How do you conduct a UCC search? Many states allow you to search filings online. If you want copies of the documents, you must make an official request to the secretary of state's office or local jurisdiction, depending on the state, and pay a fee. Another option is to use a third-party vendor.

To calculate your UCC:Start with your UCC in any class and add the amount you spent on new property in the class.Then, subtract the proceeds you earned from the disposition of property in that class.

The financing statement does not create a lien nor does it create any additional rights against a lessee in favor of a lessor, the filing of a financing statement just gives notice of whatever rights the creditor or lessor have under their loan documents or lease, respectively.

The Secretary of State's office usually serves as the central filing office. The general rule for a debtor that is a registered organization (such as a corporation or limited liability company) is to file the UCC-1 at the Secretary of State's office in the debtor's jurisdiction of organization.

You can find Uniform Commercial Code information on any person or corporation in New York or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.

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.

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.

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Arkansas Financing Statement