The Pennsylvania UCC5 Correction Statement (National) is a document used to correct errors or omissions in a previously filed Uniform Commercial Code (UCC) financing statement. This document is filed with the Pennsylvania Secretary of State's office in order to correct a mistake or omission in a prior UCC filing. This document is also known as a “Correction Statement”, “UCC5”, or “UCC-5”. Types of Pennsylvania UCC5 Correction Statements (National) include: -UCC5 Continuation Statement: Used to extend the duration of a UCC financing statement. —UCC5 Amendment Statement: Used to make changes to a UCC financing statement. —UCC5 Termination Statement: Used to terminate a UCC financing statement.
Pennsylvania UCC5 Correction Statement (National)
State:
Pennsylvania
Control #:
PA-SKU-0231
Format:
PDF
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UCC5 Correction Statement (National)
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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.
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.
You can find Uniform Commercial Code information on any person or corporation in Pennsylvania or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered.
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.
UCC means Uniform Commercial Code. The purpose of a UCC filing means a creditor has filed a document that puts the world on notice that there is a lien on a company's asset.
They're usually filed by lenders with the debtor's state's secretary of state office when a loan is first originated. If the collateral is tangible property, such as equipment, the lender may also file the UCC lien with the county recorder's office in the county where the property is located.
Pennsylvania became the first state to enact the UCC, and it became law there on July 1, 1954. The UCC editorial board issued a new code in 1957 in response to comments from various states and a special report by the Law Revision Commission of New York State. By 1966 48 states had enacted the code.
By Mail: send the completed form with the processing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
More info
Instructions for Information Statement (Form UCC5) Please type or laser-print this form. Be sure it is completely legible.UCC5, Information Statement (Form UCC5) (Rev. UCC5 Correction Statement (National) Form. This is a Official Federal Forms form and can be use in Uniform Commercial Code (UCC). What you get: Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. Instant access to fillable Microsoft Word or PDF forms. The following PDF forms are provided to assist with your UCC processing. Items 1 - 7 — Read all Instructions, especially Instruction 1; correct Debtor name is crucial. Follow.