Information Statement UCC5Pdf DOC DocxWashington
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People also ask
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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 a financing statement under the UCC?
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 debtor's personal property.
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How to fill out UCC-1 financing statement?
DO: Always use the Debtor's exact Legal Name and Address. The debtor's name should match what is listed on their legal license along with the correct address, or on the most recently filed corporate documents. Include the Lender's Name and Address. Provide a description of the collateral.
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How do I fill out an UCC-1 financing statement?
DO: Always use the Debtor's exact Legal Name and Address. The debtor's name should match what is listed on their legal license along with the correct address, or on the most recently filed corporate documents. Include the Lender's Name and Address. Provide a description of the collateral.
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What is an example of a UCC filing?
Let's say a borrower puts up his house as collateral. A UCC filing could state that the borrower's 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.
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Why did I receive a UCC statement?
A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
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How to file an UCC financing statement in Washington state?
The easiest way to file a financing statement or search UCC records is online. Follow the directions to fill out the form, pay with a credit card, and print your acknowledgement or search report. All filing, indexing, and search fees are nonrefundable.
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