Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1) filed with the Maine filing office.
Maine UCC1 Financing Statement Additional Party
State:
Maine
Control #:
ME-UCC1-AP
Format:
PDF
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How to fill out Maine UCC1 Financing Statement Additional Party?
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FAQ
You can file a UCC financing statement with the appropriate state office, typically the Secretary of State or a designated filing agency. In Maine, it's important to follow the guidelines for filing a Maine UCC1 Financing Statement Additional Party to ensure compliance with state regulations. Using an online platform like uslegalforms can simplify this process, providing you with the necessary forms and guidance to file correctly.
A financing statement is not the same as the Uniform Commercial Code (UCC) itself, but it is a key document under UCC regulations. The financing statement serves as a notice that a creditor has a security interest in the assets of a debtor. In the context of a Maine UCC1 Financing Statement Additional Party, it specifically identifies additional parties involved in the transaction, making it clear who is impacted by the secured interest.
Yes, a UCC financing statement can be assigned. When you wish to transfer your security interest to another party, you must file an assignment with the appropriate state office. This process ensures that the new party becomes the secured party of record. Using resources like the US Legal Forms platform can simplify this task and help you with your Maine UCC1 Financing Statement Additional Party.
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.
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).
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.
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.
It should be noted that UCC financing statements filed now generally do not contain a grant of the security interest and generally are not signed or otherwise authenticated by the Debtor and therefore would not satisfy the requirement of a security agreement.
