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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.
Not really! While it might seem a bit tricky at first, many find it straightforward once they get the hang of it. Think of it as learning a neat trick!
Yes, if you need to make changes due to new information or updates, you can file an amendment to the UCC1-AD. It’s like hitting the refresh button!
When a UCC1-AD is filed, it can appear in public records and may influence how lenders view your creditworthiness, just like a shadow might follow you around.
Typically, the lender or secured party files the UCC1-AD. They want to protect their interests, so they make sure everything is documented right.