Iowa UCC1 Financing Statement Addendum - Iowa 2025

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The document is a UCC Financing Statement Addendum, which provides instructions for filing additional information related to debtors and secured parties in a financing statement. It includes sections for naming debtors, providing collateral descriptions, and specifying the type of organization or trust involved. The addendum ensures compliance with legal requirements for securing interests in personal property.

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Click ‘Get Form’ to open the Iowa UCC1 Financing Statement Addendum in the editor.
Begin by entering the name of the first debtor in section 9. You can choose between an organization’s name or an individual’s name, ensuring accuracy as per the related financing statement.
In section 11, if you need to add an additional debtor, provide their exact full legal name and mailing address. Remember to follow the instructions carefully for formatting.
For any additional secured parties, complete section 12 with their details. If there are more than one, attach another addendum as needed.
Sections 13 to 16 require specific information about collateral. Ensure you check the appropriate boxes and provide detailed descriptions where necessary.
Finally, review all entries for accuracy before saving your document. Our platform allows you to easily modify any fields if needed.

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What is the UCC-1 financial statement?

UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtors personal property.

Can an UCC financing statement be assigned?

Assignment When a secured party needs to assign or transfer all or a portion of its rights to the collateral listed in a UCC-1 financing statement. It is considered an alteration of the previous filing.

How to release an UCC financing statement?

First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file.

What is an UCC filing in Iowa?

A UCC-1 (or a UCC-Uniform Commercial Code-1 statement) is a legal notice filed by a creditor to declare their right to seize certain assets of a debtor who defaults on a loan.