INFORMATION OPTIONS Relating to UCC Filings and Other Notices on File in the Filing Office that Include as a Debtor Name the Nam
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People also ask
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What is UCC 11 used for?
UCC-11 - a paid search that can furnish a listing and/or copies of financing statements and tax liens by debtor or file number.
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What is the purpose of an UCC search?
Searching for UCC or federal & state tax liens means looking for legal claims against a business or business owner's property due to unpaid debts. For UCC liens, the debt is on a loan from a private creditor. For Federal & State tax liens, the debt is on taxes owed to a federal or state government.
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What is a UCC on a property?
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.
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Why would someone file an UCC?
Uniform Commercial Code (UCC) filings allow creditors to notify other creditors about a debtor's assets used as collateral for a secured transaction. UCC liens filed with Secretary of State offices act as a public notice by the "creditor" of the creditor's interest in the property.
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What is a UCC 11 search?
The UCC-11 information request is the method for getting official search results of the UCC records in Wisconsin. If you need official search results (either Certified or not) for any purpose, you will need to complete a UCC-11 request.
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What is a UCC information statement?
"Information Statement" means a UCC record that indicates that a financing statement is inaccurate or wrongfully filed. "Filing Officer Statement" means a statement entered by the Secretary of State into the UCC information management system to correct an error made by the Secretary of State's office.
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What is the debtor name for UCC filing?
Accurate Debtor Names: The person or entity completing the UCC 1 financing statement must use the name provided exactly as it appears on the official documents accepted by the jurisdiction. Debtor name accuracy is crucial to avoid an invalid filing. Secured Party's Name and Address: The creditor must also be accurate.
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What is a UCC filing type?
The UCC-1 form is used to establish a creditor's 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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