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US Legal Forms
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Colorado
Aurora
UCC1-AD Financing Statement Addendum

Aurora Colorado UCC1-AD Financing Statement Addendum

Category:

Contracts - Uniform Commercial Code - Financing Statements

State:

Multi-State

City:

Aurora

Control #:

US-UCC1-AD

Format:

Word;

PDF

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Description

This form is a UCC Financing Statement Addendum for use in documenting personal property used as collateral for a loan. Available in Word and Adobe pdf format.

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Interesting Questions

Can multiple creditors file a UCC1-AD for the same borrower?

Yes, multiple creditors can file, just like a crowd of fans lining up for concert tickets—but only one will get the first pick on the best seats!

What happens if I don’t file the UCC1-AD?

If you skip it, you might lose your claim to the collateral, like forgetting your umbrella in a rainstorm—suddenly, you're left out in the wet!

Where do I file the UCC1-AD in Aurora, Colorado?

You usually file it with the Secretary of State's office, like sending a postcard to the right address so it gets delivered without any hiccups.

Who needs to file a UCC1-AD?

If you're a creditor wanting to secure your investment, you're the one who needs to file it. Think of it as putting a 'Reserved' sign on your favorite seat at a concert!

When do I need to use the UCC1-AD Addendum?

You'll need it when you're claiming a security interest in personal property and want to provide extra details about the collateral, kind of like adding a cherry on top of a sundae.