Iowa Sample Letter for UCC-3 Termination Statement

State:
Multi-State
Control #:
US-0186LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Bank/Financial Institution's Name] [Address] [City, State, Zip] Subject: UCC-3 Termination Statement for [Debtor's Name], File Number [UCC-3 File Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to request the termination of the UCC-3 Financing Statement filed under [Debtor's Name] with the Iowa Secretary of State. The purpose of this termination statement is to release and discharge any claim or interest your bank/financial institution may have had on the debtor's collateral. I have attached the necessary documents related to the termination statement, including: 1. UCC-3 Termination Statement: This is the official form required to terminate the UCC-3 Financing Statement. It provides details and identifies the debtor, secured party, and filing information, including the file number. 2. UCC-1 Financing Statement: This document serves as proof of the original filing of the UCC-3 Financing Statement and should be included for reference purposes. 3. Certificate of Satisfaction: If applicable, please find attached the Certificate of Satisfaction, indicating the full and final payment of the debt secured by the collateral. To ensure prompt processing and avoid any delays, please carefully review the attached documents for accuracy and completeness. Kindly initiate the termination of the UCC-3 Financing Statement within [insert number of days] business days and confirm its completion via email or phone. Should you have any questions or require additional information, please do not hesitate to contact me at [your phone number] or [your email address]. I would appreciate your prompt attention to this matter, as it is crucial for the debtor's business operations. Thank you for your cooperation and prompt action in advance. I look forward to receiving confirmation of the UCC-3 Termination Statement's completion. Sincerely, [Your Name]

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Termination: This filing extinguishes the UCC-1 before its five-year term ends. · Assignment: This filing transfers the rights in the UCC-1 from one secured ... Forms with handwritten entries may be rejected. Read and follow all Instructions. Fill in form very carefully; mistakes may have important legal consequences.To terminate the effectiveness of the identified financing statement with respect to the security interest(s) of authorizing Secured Party, check box in item 2. This form is a sample letter in Word format covering the subject matter of the title of the form. Ucc Termination Request Letter Related forms. Jul 11, 2023 — A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State's office in the appropriate ... A. Use this form to record changes to UCC Filing, Farm Products Central Notice (CNS) or both. Statement of termination, assignment, continuation, ... You must swear under oath that you've satisfied the debt in full and complete the UCC termination form. To avoid these scenarios from jeopardizing your ... Sep 30, 2016 — To perfect a landlord's lien, a landlord must take the following steps: File a standard financing statement (UCC-1) with the Iowa Secretary of ... Mar 8, 2023 — As this loan was secured by a UCC-1 Financing Statement, this letter serves as authorization for you to file a. UCC-3 Amendment for Restatement ... UCC Financing Statement. A copy of the filed UCC Financing Statement for the property that you are requesting to be released. The copy must be legible and ...

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Iowa Sample Letter for UCC-3 Termination Statement