Tn form ucc 2025

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A UCC-1 is a financing statement filed to provide notice that a creditor has a security interest in a debtors personal property. It is not an agreement. It is just notice to the world that one person claims an interest in someone elses property, usually as collateral for a debt.
The Uniform Commercial Code (UCC) is a set of regulations adopted to make commerce from state to state easier. It provides a standardized legal framework for the sale of goods, commercial paper, secured transactions, and other business transactions.
A UCC financing statement is valid until it lapses. How much is the filing fee to file a UCC1? The filing fee is fifteen dollars ($15.00) per debtor.
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.
If you dont file the UCC-1 financing statement on time, you can lose priority should the debtor default or file bankruptcy. UCC-1 filings are often subject to a first to file rule, so timing is critical.
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