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Public form
Description
UCC1 - National Financial Statement - For use after July 1, 2001. This form is a financing statement used to cover certain collateral as specified in the form. This Financing Statement complies will all applicable state laws.
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Interesting Questions
If you skip filing a UCC1, you run the risk of losing your claim to the assets if someone else steps in and files first. Better safe than sorry!
You would file your UCC1 statement at the county clerk's office or through the Secretary of State’s office in Texas.
You can secure various assets, including inventory, equipment, and accounts receivable. It’s all about what you want to protect.
Absolutely! Anyone with a legitimate interest in an asset can file a UCC1 statement, whether you're an individual or a business.
Typically, a UCC1 filing lasts for five years unless it's renewed. If you're still in business after that, it's wise to keep it up to date.
A UCC1 National Financial Statement is a legal form used to secure a lender's interest in an asset, signaling to others that the lender has a claim to that property.
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