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5/15/2013 JULY 1ST IS COMING THE NEW FORMS Presented by: Paul Minefield Associate General Counsel Corporation Service Company The UCC1 Financing Statement 2013 Corporation Service Company 1 5/15/2013

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What is form ucc1 financing statement?

UCC1 financing statement is a legal document that a lender files to give notice that it has a security interest in the assets of a borrower.

Who is required to file form ucc1 financing statement?

Lenders or creditors who want to establish priority in case a borrower defaults on a loan or debt.

How to fill out form ucc1 financing statement?

The form typically requires information about the debtor, secured party, collateral, and any other relevant details.

What is the purpose of form ucc1 financing statement?

The purpose is to provide public notice of a creditor's security interest in the collateral of a debtor.

What information must be reported on form ucc1 financing statement?

Information such as debtor and secured party details, collateral description, and any other relevant terms of the agreement.

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