West Virginia Release of Security Interest - Termination Statement

State:
Multi-State
Control #:
US-0587BG
Format:
Word; 
Rich Text
Instant download

Description

This form is for the release of security interest.

A West Virginia Release of Security Interest — Termination Statement is an important legal document used to formally terminate a security interest or lien on a specific property or asset. This document serves as proof that the debt or obligation secured by the security interest has been fully satisfied or released. Keywords: West Virginia, Release of Security Interest, Termination Statement, lien, property, asset, debt, obligation, satisfied, released. The state of West Virginia offers different types of Release of Security Interest — Termination Statements depending on the specific nature of the security interest being released. Some common types include: 1. Real Estate Release of Security Interest — Termination Statement: This type of termination statement is used to release a security interest or lien on a real property, such as a house, land, or building. 2. Vehicle Release of Security Interest — Termination Statement: This type of termination statement is used to release a security interest or lien on a vehicle, such as a car, motorcycle, boat, or recreational vehicle. 3. Equipment Release of Security Interest — Termination Statement: This type of termination statement is used to release a security interest or lien on equipment, machinery, or other movable assets used in business operations. 4. Personal Property Release of Security Interest — Termination Statement: This type of termination statement is used to release a security interest or lien on general personal property, excluding real estate or vehicles. It may include assets such as furniture, electronics, inventory, or other valuable items. To create a West Virginia Release of Security Interest — Termination Statement, certain information is required. This usually includes the parties involved in the original security agreement, the date of the agreement, a description of the property or asset, the amount of debt or obligation secured, and the date of full satisfaction or release. It's crucial to ensure the accuracy and completeness of the termination statement before filing it with the appropriate county or state authority. This is because any errors or omissions might invalidate the termination, leaving the security interest still attached to the property or asset. Overall, a West Virginia Release of Security Interest — Termination Statement is a vital legal document that provides assurance and clarity by officially releasing a security interest or lien, thereby protecting the property owner's rights and interests.

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Enter file number of initial financing statement to which this Amendment relates. Filing Number. Search. Debtors. Order, Debtor ... A UCC-3 Termination is a form used to end a lender's interest in the collateral mortgage. UCC-5. Statement of Claim. A UCC-5 Information Statement may be filed ...Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes ... (77) "Security agreement" means an agreement that creates or provides for a security interest. ... a termination statement or that the identified financing ... by MM Nepa · 2001 · Cited by 4 — ... file a termination statement if the secured party fails to do so). ... For example, security interests perfected in West Virginia under the prior Article 9 that ... §46-9-338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. §46-9-339 ... A Termination Statement is a Financing. Statement Amendment (UCC-3) that releases the debtor and the collateral from the secured party's lien. In cases covering. Oct 3, 2023 — Financing Statement, $20.00 each ; Financing Statement Amendment, $20.00 each ; (i.e., assignment, change, continuation, termination) ; Information ... 8.9A-513. Termination statement. (a) Consumer goods. A secured party shall cause the secured party of record for a financing statement to file a termination ... Sep 1, 2023 — A security interest holder may use a Statement of Lien Satisfaction, Form 524, to release interest in a vehicle when they cannot release ...

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West Virginia Release of Security Interest - Termination Statement