The Maine UCC1Ad Financing Statement Addendum (National) is a form used to provide additional information to a UCC-1 Financing Statement. This addendum must be attached to a UCC-1 Financing Statement that is filed in the state of Maine and provides additional information to the filing office. The addendum includes information such as the debtor's name and address, secured party's name and address, collateral description, and other information as required by the state. There are three different types of Maine UCC1Ad Financing Statement Addendum (National): (1) UCC1Ad-1, which is used for a UCC-1 Financing Statement; (2) UCC1Ad-2, which is used for a UCC-3 Financing Statement; and (3) UCC1Ad-3, which is used for a UCC-9 Financing Statement. Each form must be completed and filed with the appropriate UCC filing office in order to provide the necessary information to the filing office.
Maine UCC1Ad Financing Statement Addendum (National)
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How to fill out Maine UCC1Ad Financing Statement Addendum (National)?
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Yes, a UCC Financing Statement can be assigned. The assignment of a Maine UCC1Ad Financing Statement Addendum (National) allows a secured party to transfer rights under the financing statement to another party. This process can enhance the flexibility of securing financing by allowing creditors to reassign their interests easily. By using the right platform, such as uslegalforms, you can ensure the assignment is done correctly and meets all legal requirements.
The primary purpose of a UCC-1 financing statement is to provide public notice of a secured party's interest in a debtor's collateral. This filing helps protect the lender by establishing their priority in case of default. Utilizing the Maine UCC1Ad Financing Statement Addendum (National) through US Legal Forms can simplify this process, ensuring your interests are adequately documented.
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.
How do I get rid of a UCC filing? You can remove a UCC filing when you've repaid your business loan in full. Once you repay the debt, the lender should remove the lien from your business assets. If not, you may request that the lender files a UCC-3 to terminate the lien.
FILING OFFICE COPY ? UCC FINANCING STATEMENT ADDENDUM (FORM UCC1Ad) (REV. 05/22/02) Debtor is a TRANSMITTING UTILITY. Filed in connection with a Manufactured-Home Transaction ? effective 30 years.
When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.
By Mail: send the completed form with the processing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
It provides a method of giving notice of a security interest in personal property to interested third parties.
A UCC Cooperative Addendum is an additional document to a UCC-1 (Initial Financing Statement) which needs to be filled out when corrections have to be made to an UCC1 Cooperative.