US Legal Forms
Maine UCC Financing Statement

Maine UCC Financing Statement

Name: Maine UCC Financing Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.88 (204 reviews)

Category:

Maine Secretary of State - Uniform Commercial Code

State:

Maine

Control #:

ME-SKU-0384

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

UCC Financing Statement A Maine UCC Financing Statement is a legal document that is used to perfect a security interest in personal property located in the state of Maine. It must be filed with the Maine Secretary of State in order to perfect the security interest in the collateral. The Maine UCC Financing Statement is used to give notice to other potential creditors of the secured party's interest in the collateral. There are two types of Maine UCC Financing Statements: a short form and a long form. The short form is used when less information is needed, such as when the debtor is an individual with only one name. The long form is used when more information is needed, such as when the debtor is a business entity. Both forms must include the names of the debtor and secured party, the address of the debtor, the collateral, and the filing date. The long form must also include the debtor's Social Security or Tax Identification Number.

A Maine UCC Financing Statement is a legal document that is used to perfect a security interest in personal property located in the state of Maine. It must be filed with the Maine Secretary of State in order to perfect the security interest in the collateral. The Maine UCC Financing Statement is used to give notice to other potential creditors of the secured party's interest in the collateral. There are two types of Maine UCC Financing Statements: a short form and a long form. The short form is used when less information is needed, such as when the debtor is an individual with only one name. The long form is used when more information is needed, such as when the debtor is a business entity. Both forms must include the names of the debtor and secured party, the address of the debtor, the collateral, and the filing date. The long form must also include the debtor's Social Security or Tax Identification Number.

View Bill of Sale without Warranty by Individual Seller

View this form

View Chapter 13 Plan and Coversheet

View this form

View Reaffirmation Agreement

View this form

View Correction Statement and Agreement

View this form

View Closing Statement

View this form

How to fill out Maine UCC Financing Statement?

If you’re looking for a way to properly prepare the Maine UCC Financing Statement without hiring a legal professional, then you’re just in the right place. US Legal Forms has proven itself as the most extensive and reputable library of official templates for every private and business situation. Every piece of paperwork you find on our online service is drafted in accordance with federal and state regulations, so you can be certain that your documents are in order.

Adhere to these simple guidelines on how to get the ready-to-use Maine UCC Financing Statement:

Ensure the document you see on the page meets your legal situation and state regulations by checking its text description or looking through the Preview mode.
Enter the form name in the Search tab on the top of the page and choose your state from the dropdown to find an alternative template if there are any inconsistencies.
Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
Log in to your account and click Download. Register for the service and opt for the subscription plan if you still don’t have one.
Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
Choose in what format you want to save your Maine UCC Financing Statement and download it by clicking the appropriate button.
Add your template to an online editor to complete and sign it rapidly or print it out to prepare your hard copy manually.

Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded blanks in the My Forms tab of your profile any time you need it.

Form Rating

4.88

Satisfied(204)

Form popularity

FAQ

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 filing won't impact your business credit scores directly because it doesn't indicate anything about your ability to repay your debts. However, it can affect your ability to get credit again in the future.

Uniform Commercial Code (UCC) filings allow creditors to notify other creditors about a debtor's assets used as collateral for a secured transaction. UCC liens filed with Secretary of State offices act as a public notice by the "creditor" of the creditor's interest in the property.

In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

How to complete a UCC1 (Step by Step) 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.

When is a UCC-1 filed? UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrower's assets. This motivates lenders to file a UCC-1 as soon as a loan is made.

A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

More info

The creditor completes the form. FILING OFFICE COPY UCC FINANCING STATEMENT (Form UCC1) (Rev.Items 1 - 7 — Complete item B if you want an acknowledgment sent to you. The most basic and well known is the UCC-1. Essentially, a UCC-1 can be described as a financing statement. 1 statement is a document that serves as a lien on commercial property in a business loan. Discover more about UCC-1 statements here. If you're approved for a smallbusiness loan, a lender might file a UCC financing statement, also known as a UCC1 filing. All owners of Section 202 or and Section 811 properties must complete the UCC. However, it is a very short form.

Maine UCC Financing Statement

Description

Related forms

How to fill out Maine UCC Financing Statement?

Show more info

Form Rating

Form popularity

FAQ

What is a UCC financing statement?

What is the purpose of a UCC financial statement?

Does UCC filing hurt your credit?

What does it mean when someone has a UCC filing?

Why did I receive a UCC financing statement?

How to fill out UCC-1 financing statement?

When must a UCC-1 financial statement be filed?

What causes a UCC filing?

More info

Trusted and secure by over 3 million people of the world’s leading companies