Wisconsin UCC1 Financing Statement Addendum - Wisconsin 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the name of the first debtor in section 9. You can choose between an organization’s name or an individual’s last name, along with their first and middle names if applicable.
  3. In section 11, provide the additional debtor's full legal name. Ensure you do not abbreviate or combine names, and include their mailing address in section 11c.
  4. If there is additional information regarding the organization debtor, fill out section 12. This includes details like type of organization and jurisdiction.
  5. For collateral descriptions, complete sections 13 to 16 as necessary. Specify if the financing statement covers timber or is a fixture filing, and provide any additional collateral descriptions.
  6. Finally, review all entries for accuracy before saving your document. Utilize our platform's features to sign and distribute your completed form seamlessly.

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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 companys asset (or assets) and remove the UCC-1 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.
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.
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.
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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Wisconsin has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.
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. A UCC-1 Financing Statement expires after five (5) years unless a continuation is recorded and/or filed.

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