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Utah UCC 1 Financing Statement

Utah UCC 1 Financing Statement

Name: Utah UCC 1 Financing Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (209 reviews)

Category:

Utah Department of Commerce - Corporations Division - Uniform Commercial Code

State:

Utah

Control #:

UT-SKU-0182

Format:

Instant download

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Public form

Description

UCC 1 Financing Statement Utah UCC 1 Financing Statement is a form used to perfect a security interest in personal property in the state of Utah. It is also known as a UCC-1 form, and is the primary form used to register a security interest in Utah. This form is filed with the Utah Division of Corporations and Commercial Code and provides public notice of the secured party's interest in the collateral. There are two types of Utah UCC 1 Financing Statement: Short Form and Long Form. The Short Form is used to perfect a security interest in certain types of collateral, including motor vehicles, equipment, inventory, and intellectual property. The Long Form is used to perfect a security interest in all types of collateral, including accounts, chattel paper, and general intangibles. Both forms require the name and address of the debtor, the secured party, and a description of the collateral.

Utah UCC 1 Financing Statement is a form used to perfect a security interest in personal property in the state of Utah. It is also known as a UCC-1 form, and is the primary form used to register a security interest in Utah. This form is filed with the Utah Division of Corporations and Commercial Code and provides public notice of the secured party's interest in the collateral. There are two types of Utah UCC 1 Financing Statement: Short Form and Long Form. The Short Form is used to perfect a security interest in certain types of collateral, including motor vehicles, equipment, inventory, and intellectual property. The Long Form is used to perfect a security interest in all types of collateral, including accounts, chattel paper, and general intangibles. Both forms require the name and address of the debtor, the secured party, and a description of the collateral.

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How to fill out Utah UCC 1 Financing Statement?

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FAQ

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 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.

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.

UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtor's personal property.

The Utah Division of Corporations & Commercial Code is the central filing office for financing statements and other documents provided under the Uniform Commercial Code.

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.

Generally, the debtor must first make a formal (or authenticated) demand to the secured party of record to terminate the UCC-1. This process involves sending a signed written request to the secured party of record demanding for said party to file a UCC-3 termination statement.

UCC liens are used when a creditor wants to give notice to other lenders of its interest in a debtor's property. A UCC-1 financing statement is generally filed with the debtor's secretary of state when a loan is originated. Lenders can attach UCC liens to a wide range of assets, including: Inventory.

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FILING OFFICE COPY UCC FINANCING STATEMENT (Form UCC1) (Rev. Items 1 - 7 — Complete item B if you want an acknowledgment sent to you.Complete item C if filer desires an acknowledgment sent to them. Please type or laserprint this form. Be sure it is completely legible. The most basic and well known is the UCC-1. Essentially, a UCC-1 can be described as a financing statement. A PDF version of the UCC-1 form typically is available on the website of the state's Secretary of State office. UCC FINANCING STATEMENT (Form UCC1) (Rev. UCC-1. Important - Read Instructions before filing out form.

Utah UCC 1 Financing Statement

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