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Public form
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.
In Memphis, you can file the UCC1-AD at the county clerk’s office or online through the appropriate state website. Just make sure you have everything in order!
If you skip filing the UCC1-AD when needed, it could spell trouble down the road. Creditors might find it harder to enforce their rights if the details aren’t clear.
The UCC1-AD is good for five years, but it can be renewed. It’s like keeping your hat on while the sun’s still shining!
Nope, you need to file a UCC1 first. The UCC1-AD is just a supplementary form that works alongside it to give more clarity.
The UCC1-AD typically includes information about additional collateral, debtor details, and any other important notes that help clarify the financing arrangement.
A UCC1-AD Financing Statement Addendum is a form that adds extra details to a UCC1 Financing Statement, which is used to secure a creditor's interest in assets.