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UCC Financing Statement Additional Party (Form UCC1AP)

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The document is a UCC Financing Statement Additional Party form (UCC1AP) used to add additional Debtors or Secured Parties when filing a UCC Financing Statement. It provides fields for entering the names, addresses, and organizational details of up to three additional Debtors and two additional Secured Parties, along with instructions for completing the form accurately.

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Versions	Form popularity	Fillable & printable
2011	4.9 Satisfied (41 Votes)
2002	4.3 Satisfied (65 Votes)

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What are the requirements for a UCC-1 financing statement?

A qualified financing statement should include: Debtor and secured partys name, Collateral describing, and. A creditor or other person authorized by the debtor in their security agreement files it.

Why did I receive a UCC financing statement?

The most basic and well known is the 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 a UCC filing on a home?

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 does filing a UCC-1 do for you?

A UCC (Uniform Commercial Code) financing statement is a mortgage or security agreement that uses personal property as collateral. These agreements are recorded in the county if real property is affected. Note: The Registrar-Recorder/County Clerk sells complete documents, not individual pages, of a document.

Is a UCC filing good or bad?

UCC filings appear on your business credit report to let other lenders know that a particular asset has a lien against it. However, they generally dont appear on your personal credit report.

Why file a UCC-1 on yourself?

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.

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