Rhode Island UCC1Ad Financing Statement Addendum (National) is an official form required by the state of Rhode Island for filing a Financing Statement Addendum with the Rhode Island Secretary of State. It serves to provide supplementary information to that which is included on a UCC1 Financing Statement form. It typically includes additional information such as the name and address of the secured party, type of security interest taken, and the collateral being secured. The Rhode Island UCC1Ad Financing Statement Addendum (National) form is generally used in conjunction with a UCC1 Financing Statement filing to provide additional information and is required for all UCC filings in Rhode Island. There are two types of Rhode Island UCC1Ad Financing Statement Addendum (National) forms: Initial Financing Statement Addendum and Continuation Financing Statement Addendum. Both forms are used to add additional information to a UCC1 Financing Statement filing.
Rhode Island UCC1Ad Financing Statement Addendum (National)
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How to fill out Rhode Island UCC1Ad Financing Statement Addendum (National)?
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FAQ
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.
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.
A UCC financing statement ? also called a UCC-1 financing statement or a UCC-1 filing ? is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.
What is a UCC Cooperative Addendum/UCC Addendum form: A filed UCC Cooperative Addendum form contains the names of the debtor, the secured party or its representatives, and the cooperative. It also holds information such as the property's address and the file number of the Initial UCC-1.
Documents Filed in the Offices of the County Clerks All other types of amendment filings would require the filing of a financing statement in the Office of the Secretary of State. Documents pertaining to real estate records are to be filed in the Office of the County Clerk.
?UCC? stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.
A UCC filing won't impact your business credit scores directly because it doesn't indicate anything about your ability to repay your debts. However, it can affect your ability to get credit again in the future.