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To do so you will generally need to make a trip in person down to your secretary of states office. Once there, you will be able to swear under oath that youve satisfied the debt in full and wish to request for the UCC-1 filing to be removed.
How to complete a UCC1 (Step by Step) Filer Information. Name and phone number of contact at filer. Email contact at filer. Debtor Information. Organization or individuals name. Mailing address. Secured Party Information. Organization or individuals name. Mailing address. Collateral Information. Description of collateral.
At least 1 debtor and one secured party is required. No signatures are required if included they will be redacted. No SSN or TIN numbers required if included they will be redacted. Debtor and Secured Party may not appear to be the same.
How Does a UCC Filing Affect My Credit? A UCC filing wont impact your business credit scores directly because it doesnt indicate anything about your ability to repay your debts. However, it can affect your ability to get credit again in the future.
Although the UCC-1 Financing Statement does not require signatures, any attachment such as the legal description or special terms and conditions may require the signature of the Debtor.
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People also ask

UCC. A UCC3 is a change statement to a UCC1. Its an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. Its a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.
-- Except as otherwise provided in subsections (e), (f), and (g) of this section, an initial financing statement filed in connection with a public-finance transaction or manufactured-home transaction is effective for a period of 30 years after the date of filing if it indicates that it is filed in connection with a
In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtors personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
How do I get rid of a UCC filing? You can remove a UCC filing when youve repaid your business loan in full. Once you repay the debt, the lender should remove the lien from your business assets. If not, you may request that the lender files a UCC-3 to terminate the lien.
A UCC financing statement also called a UCC-1 financing statement or a UCC-1 filing is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.

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