Wyoming UCC1 Financing Statement Addendum

State:
Wyoming
Control #:
WY-UCC1-A
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

UCC1 - Financing Statement Addendum - Wyoming - For use after July 1, 2001 WY-UCC1-A. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.

How to fill out Wyoming UCC1 Financing Statement Addendum?

Use US Legal Forms to obtain a printable Wyoming UCC1 Financing Statement Addendum. Our court-admissible forms are drafted and regularly updated by skilled attorneys. Our’s is the most extensive Forms library online and offers cost-effective and accurate templates for consumers and legal professionals, and SMBs. The templates are categorized into state-based categories and a number of them can be previewed before being downloaded.

To download templates, customers must have a subscription and to log in to their account. Hit Download next to any template you want and find it in My Forms.

For individuals who do not have a subscription, follow the following guidelines to quickly find and download Wyoming UCC1 Financing Statement Addendum:

  1. Check to make sure you get the right form in relation to the state it is needed in.
  2. Review the document by reading the description and using the Preview feature.
  3. Press Buy Now if it is the document you need.
  4. Generate your account and pay via PayPal or by card|credit card.
  5. Download the template to your device and feel free to reuse it multiple times.
  6. Use the Search field if you need to get another document template.

US Legal Forms offers a large number of legal and tax templates and packages for business and personal needs, including Wyoming UCC1 Financing Statement Addendum. More than three million users already have used our service successfully. Choose your subscription plan and get high-quality documents in just a few clicks.

Form popularity

FAQ

Also known as a UCC-3, and, depending on the context, a UCC-3 financing statement amendment, a UCC-3 termination statement, and a UCC-3 continuation statement. Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).

A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

If you're approved for a small-business loan, a lender might file a UCC financing statement or a UCC-1 filing. This is just a legal form that allows for the lender to announce lien on a secured loan. This allows for the lender to seize, foreclose or even sell the underlying collateral if you fail to repay your loan.

Form UCC3 is used to amend (make changes to) a UCC1 filing.However, it is important to note that for a UCC1 filing a termination is only an amendment and that the UCC1 filing may be amended further, even after a termination has been filed. Box 3 Continuation A UCC1 filing is good for five years.

The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file. If this does not happen within the 20-day time frame, the debtor may file a UCC-3 termination statement.

Rules vary by State around releasing a UCC lien after a borrower satisfied the debt. Primarily there are two main ways to remove them. One way is by having the lender file a UCC-3 Financing Statement Amendment. Another way to remove a UCC filing is by swearing an oath of full payment at the secretary of state office.

Section 9-503 of the UCC provides various, more specific rules regarding the sufficiency of a debtor's name on a financing statement.However, unlike with a security agreement, on a financing statement it is acceptable to use a supergeneric description of collateral.

It should be noted that UCC financing statements filed now generally do not contain a grant of the security interest and generally are not signed or otherwise authenticated by the Debtor and therefore would not satisfy the requirement of a security agreement.

Trusted and secure by over 3 million people of the world’s leading companies

Wyoming UCC1 Financing Statement Addendum