North Dakota UCC1 Financing Statement Addendum - North Dakota 2025

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Rules for UCC cover all types of commercial transactions for sales, leases and private financial arrangements. A UCC filing on your business is usually made to create a lien against property used as collateral. Typically, a UCC filing is required in order to secure private financing.
UCC Lien - Initial Financing Statement A lien against goods used or bought for commercial purposes. Fees: Initial Filing - $40. Amendment - $40.
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.
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.
A qualified financing statement should include: Debtor and secured partys name, Collateral describing, and. A creditor or other person authorized by the debtor in their security agreement files it.
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Legal requirements for the UCC-1 In order for a UCC-1 to hold weight in a legal proceeding, it must include the exact legal name of the debtor, the collateral included in the lien and the name of the secured party. When listing collateral, the law doesnt require a detailed description.

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