Printable blank ucc 1 form pdf nj 2025

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What Are the Benefits of Filing a Uniform Commercial Code-1 (UCC-1) Statement? Filing a UCC-1 allows creditors to collateralize their loans by utilizing the personal property assets of their customers.
Lets say a borrower puts up his house as collateral. A UCC filing could state that the borrowers home is foreclosed on in the event of a default or bankruptcy. It could also state that the house is seized or just sold off. UCC filings are active for five years.
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.
What is the cost to search and file UCC documents? ServiceStatutory FeePortal Admin Fee UCC-1 $25.00 per filing $5.00 UCC-3 $25.00 per filing $5.00 Certified Search Certificate and Photo Copies $25.00 per certificate, $1.00 per page $5.00 Relative-to-Filing Certificate $1.00 per filing $.203 more rows
The UCC-1 form is used to establish a creditors claim on personal property as collateral. By filing this form, creditors notify the public and other potential creditors of their interest in specific assets. It creates a public record that determines the priority of competing claims.
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UCC Databases StateLinkUCC Filing California X Colorado X Connecticut X Delaware X47 more rows
Steps Download the UCC-1 form. Provide direct contact information if desired. Fill in the debtors name and mailing address. List the name and address of the secured party. Indicate the collateral covered by the financing statement. Include applicable descriptions of the transaction. Fill out an addendum if necessary.

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