The Utah UCC 5 Information Statement is a one-page document that is used to record the filing of a UCC-1 financing statement with the Utah Department of Commerce. It is typically used by lenders to secure the repayment of a loan or debt, and generally includes the following information: the debtor's name and address, the secured party's name and address, description of the collateral being used as security, the date of filing, the file number, and the name of the county clerk or recorder where the UCC-1 was filed. There are two types of Utah UCC 5 Information Statements: a Blank UCC 5 Information Statement and a Verified UCC 5 Information Statement. The Blank UCC 5 Information Statement is used when a UCC-1 financing statement was filed without a signed verification, and the Verified UCC 5 Information Statement is used when a UCC-1 financing statement was filed with a signed verification.
Utah UCC 5 Information Statement
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How to fill out Utah UCC 5 Information Statement?
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FAQ
You can find Uniform Commercial Code information on any person or corporation in Utah 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.
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.
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.
UCC5 Information Statement Form A UCC5, filed by either the debtor or secured party, is solely intended to 'inform' third parties searching the UCC public records of the following: 'RECORD IS INACCURATE' 'RECORD WAS WRONGFULLY FILED' 'RECORD FILED BY PERSON NOT ENTITLED TO DO SO'
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.
You can find UCC (Uniform Commercial Code) data yourself on the Secretary of State website for each state. Click on the link and search by a debtor's (buyer's) personal or business name. To view the record, click on the file number.
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.
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.