The Pennsylvania UCC1AP Financing Statement Additional Party (National) is a form used in the state of Pennsylvania for filing a financing statement to perfect a security interest in personal property. This form is used when there is an additional party involved in the transaction, such as a lender, guarantor, or debtor. The form identifies the original debtor and creditor, the additional party, and the collateral being secured. The Pennsylvania UCC1AP Financing Statement Additional Party (National) is required to be filed with the Pennsylvania Department of State in order to be legally valid. The various types of Pennsylvania UCC1AP Financing Statement Additional Party (National) include: National Financing Statement Additional Party (UCC1AP), National Financing Statement Additional Party (UCC1AP-Amended), and National Financing Statement Additional Party (UCC1AP-Continuation).
Pennsylvania UCC1AP Financing Statement Additional Party (National)
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How to fill out Pennsylvania UCC1AP Financing Statement Additional Party (National)?
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FAQ
Secured party is a lender, seller, or other person in whose favor a security interest exists. Debtor is the person who owes payment or performance of the obligation that is secured. Security agreement is the agreement between the secured party and the debtor that creates or provides for a security interest.
The Commonwealth of Pennsylvania has adopted the National UCC Financing Statement (PDF), the National UCC Financing Statement Amendment (PDF), the Information Request (PDF) and the Information Statement (PDF) as approved by the International Association of Commercial Administrators (IACA).
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.
The Pennsylvania Uniform Construction Code (UCC) regulates the codes and standards of building projects in the Commonwealth. The UCC has been enforced since April 2004 across Pennsylvania.
Pennsylvania became the first state to adopt the UCC in 1953, and every other state followed suit over the next twenty years.
To put it in simple terms, the secured party is the creditor on the UCC loan. The creditor is the secured party because they have a financial interest in the collateral which the lien is on.
(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed.
Original Financing Statement (UCC1) Subsection (a) (2) provides that the office in which to file a financing statement to perfect a security interest is the office of the Secretary of State in all other cases.