Correction Statement used to report inaccurate or wrongly filed records (as designated in the form) on file with the Illinois filing office.
Illinois UCC5 Correction Statement
State:
Illinois
Control #:
IL-UCC5
Format:
PDF
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How to fill out Illinois UCC5 Correction Statement?
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FAQ
To file a UCC financing statement in Illinois, you must deliver it to the Secretary of State's office. The filing can be done either by mail or in person at the appropriate division. Ensure your document includes all necessary information to prevent rejection. Utilizing the USLegalForms platform provides easy access to necessary forms and instructions to ensure a smooth filing experience.
To fill out the Illinois state withholding form, you need to provide your personal information, including your name and Social Security number. Next, indicate your marital status and the number of allowances you wish to claim. US Legal Forms offers templates and detailed instructions to help ensure you complete your Illinois UCC5 Correction Statement accurately and efficiently.
A UCC-1 should be filed with the secretary of state's office in the state where the debtor is incorporated or lives. A UCC-1 does not expire until the loan is paid in full, but in many jurisdictions including California, it must be renewed every five years.
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. The term UCC filing comes from the uniform commercial code.
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.
UCC-1 Financing Statements do not have to be signed by either the Debtor or Secured Party; however, they must be authorized.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.
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).
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.
UCC5 Information Statement Form A UCC5, filed by either the debtor or secured party, is solely intended to 'inform' third parties searching the UCC public records of the following: 'RECORD IS INACCURATE' 'RECORD WAS WRONGFULLY FILED' 'RECORD FILED BY PERSON NOT ENTITLED TO DO SO'
Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).