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New Hampshire UCC 1Ad- National Financing Statement Addendum and...

New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions

Name: New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (406 reviews)

Category:

New Hampshire Secretary of State - Uniform Commercial Code

State:

New Hampshire

Control #:

NH-SKU-0278

Format:

Instant download

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Description

UCC 1Ad- National Financing Statement Addendum and Instructions The New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions is a legal document which allows a secured party to file a financing statement with the Secretary of State. This document is an addendum to the standard Uniform Commercial Code (UCC) 1 financing statement and is used to provide additional information regarding the security interest of the secured party in the debtor's personal property. The UCC 1Ad- National Financing Statement Addendum and Instructions allows the secured party to include the debtor's name, address, and social security number, as well as the secured party's name and address, and a description of the collateral. It also allows the secured party to include any other information, such as the debtor's date of birth, that may be required for the financing statement. The New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions come in two types: the UCC 1Ad-National Financing Statement Addendum and Instructions, and the UCC 1Ad-National Financing Statement Addendum and Instructions for Non-Registered Secured Parties. Both documents are available from the New Hampshire Secretary of State website.

The New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions is a legal document which allows a secured party to file a financing statement with the Secretary of State. This document is an addendum to the standard Uniform Commercial Code (UCC) 1 financing statement and is used to provide additional information regarding the security interest of the secured party in the debtor's personal property. The UCC 1Ad- National Financing Statement Addendum and Instructions allows the secured party to include the debtor's name, address, and social security number, as well as the secured party's name and address, and a description of the collateral. It also allows the secured party to include any other information, such as the debtor's date of birth, that may be required for the financing statement. The New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions come in two types: the UCC 1Ad-National Financing Statement Addendum and Instructions, and the UCC 1Ad-National Financing Statement Addendum and Instructions for Non-Registered Secured Parties. Both documents are available from the New Hampshire Secretary of State website.

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How to fill out New Hampshire UCC 1Ad- National Financing Statement Addendum And Instructions?

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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.

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.

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.

Generally, the debtor must first make a formal (or authenticated) demand to the secured party of record to terminate the UCC-1. This process involves sending a signed written request to the secured party of record demanding for said party to file a UCC-3 termination statement.

The Grantor is any person conveying or encumbering, whom any Lis Pendens, Judgments, Writ of Attachment, or Claims of Separate or Community Property shall be placed on record.

An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.

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FILING OFFICE COPY — UCC FINANCING STATEMENT ADDENDUM (Form UCC1Ad) (Rev. Items 1 - 7 — Instructions for National UCC Financing Statement (Form UCC1).Please type or laser-print this form. FILING OFFICE COPY — UCC FINANCING STATEMENT ADDENDUM (FORM UCC1Ad) (REV. FOLLOW INSTRUCTIONS (front and back) CAREFULLY. No information is available for this page. If this Addendum adds an additional Debtor, complete item 10 in accordance with Instruction 1 of Financing. Statement (Form UCC1). Instructions for National UCC Financing Statement (Form UCC1). Plea se type or laser-print this form.

New Hampshire UCC 1Ad- National Financing Statement Addendum and Instructions

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