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A UCC filing is a legal notice that a creditor has an interest in the personal property of a debtor. It records the creditor's claim and serves as public notice of that claim. This filing helps safeguard a lender’s interests, especially when a debtor owns valuable assets. If you have questions or need help, the Clark Nevada UCC11 Information Request is available on US Legal Forms to simplify the process.
Set up a trust account by contacting the Secretary of State's Accounting Division at (775) 684-5708. Search the Nevada Secretary of State's Office Uniform Commercial Code (UCC) filings database.
3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
All states have adopted and adapted the entire UCC, with the exception of Louisiana, which only adopted parts of it.
In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).
UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor's address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State's website.
Uniform Commercial Code filings are NOT filed with the Secretary of State. Filers must submit their UCCs to the Clerk of Court in any one of the 64 parishes.
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.
UCC-11 Search means a search of the records of the Florida Secretary of State evidencing any UCC filings against the Borrower, which UCC-11 Search shall be current as of the recording of the Mortgage.
Thus, if the debtor is a transmitting utility, the secured party must file its fixture filing in the Section 92010501(b) office of the state where the fixtures are located. Like a record of mortgage, a financing statement that indicates the debtor is a transmitting utility does not lapse.