How do I file a UCC 1 financing statement?

You should file a UCC-1 Financing Statement with the secretary of state's office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder's office in the county where the debtor's real property is located.

Can you file a UCC-1 without a security agreement?

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.

Is a UCC financing statement a security agreement?

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.

What is the difference between a UCC 1 and a UCC 3?

Why file a UCC-3 form? The UCC-3 is the Swiss-Army-Knife of forms. Unlike a UCC 1, a UCC 3 can be used for multiple purposes. The actions one can take are Amendment, Assignment, Continuation, and Termination.

Where do I file a financing statement?

The financing statement is generally filed with the office of the state secretary of state, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization.

North Dakota UCC1 Financing Statement

Name: North Dakota UCC1 Financing Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.63 (442 reviews)

Free Preview

page 0 North Dakota UCC1 Financing Statement preview

page 1 North Dakota UCC1 Financing Statement preview

Description

UCC1 - Financing Statement - North Dakota - For use after July 1, 2001. This form is a financing statement used to cover certain collateral as specified in the form. This Financing Statement complies will all applicable state laws.

Related Forms

How To Fill Out North Dakota UCC1 Financing Statement?

Avoid pricey lawyers and find the North Dakota UCC1 Financing Statement you need at a reasonable price on the US Legal Forms site. Use our simple categories functionality to find and obtain legal and tax files. Go through their descriptions and preview them prior to downloading. Additionally, US Legal Forms provides customers with step-by-step instructions on how to download and fill out every single template.

US Legal Forms customers just must log in and get the specific document they need to their My Forms tab. Those, who have not obtained a subscription yet must follow the guidelines below:

Make sure the North Dakota UCC1 Financing Statement is eligible for use where you live.
If available, look through the description and make use of the Preview option prior to downloading the templates.
If you’re confident the template is right for you, click Buy Now.
In case the template is incorrect, use the search field to find the right one.
Next, create your account and select a subscription plan.
Pay out by card or PayPal.
Choose to download the form in PDF or DOCX.
Click Download and find your form in the My Forms tab. Feel free to save the template to the device or print it out.

After downloading, it is possible to complete the North Dakota UCC1 Financing Statement manually or an editing software. Print it out and reuse the form multiple times. Do more for less with US Legal Forms!

Form Rating

4.63 Satisfied (442)

Form Popularity

FAQ

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.

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 filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing. The term UCC filing comes from the uniform commercial code.