01. Edit your notice of judgment lien california secretary of state online
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Click ‘Get Form’ to open form jl1 in the editor.
Begin with Section A, entering the name and mailing address of the requester. This information is essential for communication.
In Item 1a or 1b, input the exact legal name of the debtor as it appears on the court judgment. If there are additional names, utilize the judgment lien addendum.
For Item 1c, provide the last known mailing address of the judgment debtor to ensure accurate delivery.
Proceed to Item 2a or 2b to enter the creditor's exact legal name. Again, use the addendum for any extra names.
Complete Item 2c with the last known mailing address of the judgment creditor.
Fill out Items 3A-E with details from the court judgment and specify the amount due in Item 3F.
Sign in Item 4, ensuring that if signing on behalf of a law firm, you write its name beneath your signature.
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Filing a UCC-1 reduces a creditors lending risks. It allows them to ensure their legal right to the personal property of a borrower should that borrower default on their loan. In addition, the UCC-1 elevates the lenders status to that of a secured creditor, ensuring that it will be paid.
What is a UCC-1 used for?
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.
What is the purpose of an UCC?
The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments.
What does it mean if someone has an UCC filing?
A Uniform Commercial Code filing, also known as a UCC filing or UCC-1 financing statement, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrowers collateral in the case of default.
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