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Instructions for National UCC Financing Statement Form

Instructions for National UCC Financing Statement Form

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welcome back to make it make sense the series where we break down the complicated stuff so you can get it right the first time what's a UCC One financing statement it's a form that lets lenders claim collateral in case a borrower defaults on a loan filing it protects your interest in the borrower property by making it public record hey race how you file one scene four screen text with steps 1 to8 as the presenter explains presenter step one go to your state Secretary of State website you'll find the UC see one form there some states let you file online which can be faster and cheaper than mailing it in step two pick the right state for individual borrowers file in their state of residence for businesses file in the state where the company is registered don't skip this part because filing in the wrong State can make your claim invalid step three fill out the debtor's information this is the borrower info so if it's a person use their full

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