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Utah UCC 5 Information Statement

Utah UCC 5 Information Statement

Name: Utah UCC 5 Information Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (216 reviews)

Category:

Utah Department of Commerce - Corporations Division - Uniform Commercial Code

State:

Utah

Control #:

UT-SKU-0180

Format:

Instant download

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Public form

Description

UCC 5 Information Statement 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.

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.

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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.

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.

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.

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.

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 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.

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.

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.

More info

Instructions for Information Statement (Form UCC5). Please type or laser-print this form.FILING OFFICE COPY — INFORMATION STATEMENT (Form UCC5) (Rev. Complete ITEM C of the filing form to include a valid email address. The following PDF forms are provided to assist with your UCC processing. UCC 5 – Information Statement - To start a UCC 5 filing, enter an initial Financing Statement Number and then select the Next button. Effective July 1, 2001, the National Standard Form will be the only UCC form acceptable. View and download UCC forms and UCC filing forms associated with the Uniform Commercial Code and Georgia's UCC Central Indexing System. National UCC Financing Statement Amendment (UCC3), ucc3_f.pdf. That filing number, the debtor name or secured party name can be used to search our website for detailed information regarding the lien filing. Resources.

Utah UCC 5 Information Statement

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