Nebraska Release of Security Interest - Termination Statement

State:
Multi-State
Control #:
US-0587BG
Format:
Word; 
Rich Text
Instant download

Description

This form is for the release of security interest.

How to fill out Release Of Security Interest - Termination Statement?

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FAQ

In addition to filing with the state, the UCC is filed with the County office that holds the county real estate records for the property. Filings for ownership entities are made in the state where the entity is registered. Filings for individuals are made in the state in which the individual resides.

UCC-3 continuation: A UCC-3 continuation is a type of filing that extends the life of the financial statement by another five years. UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party.

Removing a UCC-1 filing Pay off your loan: This is the surest way to have the UCC-1 filing removed. Depending on the state, the financing statement can remain in your state's searchable index for one year after the loan is repaid. In that case, the statement would reflect that the loan is repaid.

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.

Secretary of State - UCC Contact Information: Phone: (402) 471-4080. Fax: (402) 471-4429. Mailing Address: P.O. Box 95104, Lincoln, NE 68509. Overnight Mailing Address: 1201 N Street, Suite 120, Lincoln, NE 68508. Send E-Mail to: UCC.

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Nebraska Release of Security Interest - Termination Statement