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UCC-1 Financing Statements do not have to be signed by either the Debtor or Secured Party; however, they must be authorized.
When should UCC-1 be filed?
When is a UCC-1 filed? UCC-1 filings typically happen when a loan is first originated. If the borrower has loans from more than one lender, the first lender to file the UCC-1 is first in line for the borrower's assets. This motivates lenders to file a UCC-1 as soon as a loan is made.
How do you complete UCC-1?
How to complete a UCC1 (Step by Step) Filer Information. Name and phone number of contact at filer. Email contact at filer. ... Debtor Information. Organization or individual's name. Mailing address. Secured Party Information. Organization or individual's name. Mailing address. Collateral Information. Description of collateral.
How do I remove a UCC file in CT?
To do so you will generally need to make a trip in person down to your secretary of state's office. Once there, you will be able to swear under oath that you've satisfied the debt in full and wish to request for the UCC-1 filing to be removed.
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