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US Legal Forms
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North Carolina
Raleigh
UCC1 National Financial Statement

Raleigh North Carolina UCC1 National Financial Statement

Category:

Contracts - Uniform Commercial Code - Financing Statements

State:

Multi-State

City:

Raleigh

Control #:

US-UCC1

Format:

Word;

PDF

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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

What information do I need to provide for a UCC1 filing?

You'll need to provide details like the name and address of the debtor and creditor, and a description of the collateral. It's like filling out a recipe – the right ingredients matter to get it right!

Is a UCC1 filing public information?

Yes, it is. A UCC1 filing is considered public information, meaning anyone can look it up. It's like putting your business card in a directory – it's out there for the world to see.

How long does a UCC1 filing last in North Carolina?

In North Carolina, a UCC1 filing lasts for five years. After that, it may need to be renewed if you wish to keep your security interest.

Can I amend or terminate my UCC1 filing?

Absolutely! You can amend or terminate a UCC1 filing by filing another form that indicates the changes or cancellation. Think of it like updating your address when you move – it keeps everything in order.

How do I file a UCC1 in Raleigh?

To file a UCC1 in Raleigh, you'll typically need to fill out the necessary forms and submit them to the North Carolina Secretary of State's office. It's like filing for a claim to make sure you protect your interests.

What is a UCC1 filing, and why is it important in Raleigh, North Carolina?

A UCC1 filing is a legal document that secures a lender's interest in a borrower's personal property. In Raleigh, this is important because it helps protect lenders and allows them to establish rights over assets.