This form is an official UCC form which complies with all applicable Federal codes and statutes. USLF updates all Federal forms as is required by Federal statutes and law.
Indiana UCC1 Financing Statement Addendum
Category:
State:
Indiana
Control #:
IN-UCC1-A
Format:
Word;
PDF;
Rich Text
Instant download
This website is not affiliated with any governmental entity
Public form
Description
How to fill out Indiana UCC1 Financing Statement Addendum?
In search of Indiana UCC1 Financing Statement Addendum sample and completing them can be a challenge. To save time, costs and effort, use US Legal Forms and find the appropriate sample specially for your state in a few clicks. Our lawyers draft every document, so you just have to fill them out. It is really that simple.
Log in to your account and come back to the form's web page and save the sample. All your downloaded templates are saved in My Forms and are available at all times for further use later. If you haven’t subscribed yet, you should register.
Look at our detailed instructions concerning how to get the Indiana UCC1 Financing Statement Addendum sample in a couple of minutes:
- To get an eligible form, check its applicability for your state.
- Look at the example utilizing the Preview option (if it’s available).
- If there's a description, go through it to know the important points.
- Click on Buy Now button if you found what you're looking for.
- Choose your plan on the pricing page and make your account.
- Select you want to pay out by a card or by PayPal.
- Download the sample in the favored file format.
You can print out the Indiana UCC1 Financing Statement Addendum form or fill it out using any online editor. Don’t worry about making typos because your template can be applied and sent away, and printed out as often as you want. Try out US Legal Forms and access to over 85,000 state-specific legal and tax files.
Form popularity
FAQ
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Rules vary by State around releasing a UCC lien after a borrower satisfied the debt. Primarily there are two main ways to remove them. One way is by having the lender file a UCC-3 Financing Statement Amendment. Another way to remove a UCC filing is by swearing an oath of full payment at the secretary of state office.
Section 9-503 of the UCC provides various, more specific rules regarding the sufficiency of a debtor's name on a financing statement.However, unlike with a security agreement, on a financing statement it is acceptable to use a supergeneric description of collateral.
Form UCC3 is used to amend (make changes to) a UCC1 filing.However, it is important to note that for a UCC1 filing a termination is only an amendment and that the UCC1 filing may be amended further, even after a termination has been filed. Box 3 Continuation A UCC1 filing is good for five years.
The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file. If this does not happen within the 20-day time frame, the debtor may file a UCC-3 termination statement.
Also known as a UCC-3, and, depending on the context, a UCC-3 financing statement amendment, a UCC-3 termination statement, and a UCC-3 continuation statement. Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).
If you're approved for a small-business loan, a lender might file a UCC financing statement or a UCC-1 filing. This is just a legal form that allows for the lender to announce lien on a secured loan. This allows for the lender to seize, foreclose or even sell the underlying collateral if you fail to repay your loan.
A UCC1 financing statement is effective for a period of five years. A record that is not continued before its lapse date will cease to be effective, costing the secured party their perfected status and perhaps their priority position to collect. Once a financing statement has lapsed, it cannot be revived.