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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.
If your UCC1 statement lapses, it's like losing your claim to the collateral. The lender may risk losing their rights over the property if it's not renewed.
Yes indeed! You can search existing UCC filings through the Arizona Secretary of State's website, so you can see who has claims on what.
You can file your UCC1 statement with the Arizona Secretary of State's office. It's like putting your stake in the ground where everyone can see it.
Absolutely! If there's a change in the details or if you need to add or remove collateral, you can amend your filing to reflect those changes.
Typically, a UCC1 filing lasts for five years. After that, you might need to renew it to keep your rights intact.
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