Louisiana UCC Financing Statement is a legal document used to file a notice of secured interest in personal property in the state of Louisiana. It is used to perfect a security interest in personal property and serves as a public notice to third parties that the property is encumbered by the secured party. The Louisiana UCC Financing Statement includes information about the debtor, secured party, and collateral, and is filed with the Secretary of State's office. There are two types of Louisiana UCC Financing Statement: a Standard Form and a Short Form. The Standard Form requires more information, including the names of the parties, the collateral, and a description of the debt. The Short Form requires less information, but must include the debtor's name, the secured party's name, and a description of the collateral.
Louisiana UCC Financing Statement
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How to fill out Louisiana UCC Financing Statement?
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FAQ
To record a Louisiana UCC Financing Statement, you must file it with the Secretary of State's office in Louisiana. This office handles all UCC filings for the state, ensuring that your financing statement is properly documented and accessible. By using uslegalforms, you can easily prepare and file your Louisiana UCC Financing Statement without confusion. It streamlines the process, so you can focus on your business.
To cancel a UCC filing in Louisiana, you must file a UCC-3 termination statement with the Secretary of State. This process formally ends the secured party’s interest in your property. Make sure to complete this promptly to ensure that your records accurately reflect your financial obligations. USLegalForms offers templates and guidance to simplify this cancellation process.
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 fee allows the subscriber unlimited usage.
First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. 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.
All states have adopted and adapted the entire UCC, with the exception of Louisiana, which only adopted parts of it.
In January of 1990, Louisiana adopted the Uniform Commercial Code.
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.
In January of 1990, Louisiana adopted the Uniform Commercial Code.
UCC-11 Search UCC Certificate (per debtor name)$30Copies of documents$2 per pageCertification of copies$5 each
UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor's address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State's website.