Form UCC1Ad 2025

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The document provides detailed instructions for completing the UCC Financing Statement (Form UCC1) and its related forms, including guidelines for accurately entering debtor and secured party names, collateral descriptions, and optional contact information. It emphasizes the importance of using correct legal names to avoid potential legal issues and outlines the process for filing the statement with the appropriate office.

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Why did I get an UCC statement request form?

The most common UCC form is the UCC-1 or Financing Statement. These forms are routine in the case of secured loan, where the lender uses the UCC-1 to place a lien on a particular piece of collateral or all assets belonging to a business or person.

Is a UCC filing good or bad?

UCC means the Uniform Commercial Code as adopted in this state.

What is the purpose of an UCC filing?

In general, a UCC filing is not a bad thing or a good thing. It simply notifies other institutions that there is a lien on the business ahead of them (if they are going to fund your company).

What is form UCC-1?

Essentially, a UCC-1 can be described as a financing statement. In fact, it is sometimes called a UCC financing statement. 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.

What is an UCC addendum for?

To include further additional Debtors, attach either an additional Addendum (Form UCC1Ad) or Additional Party (Form UCC1AP) and follow Instruction 1 of Financing Statement for determining and formatting additional names.

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