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Get the free UCC5 Information Statement - sos state tx

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This document is used to file an information statement related to a financing statement in cases of inaccuracies or wrongful filings.
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How to fill out ucc5 information statement

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How to fill out UCC5 Information Statement

01
Obtain a UCC5 Information Statement form from your state's Secretary of State website or office.
02
Fill in the debtor's name and address in the appropriate fields.
03
Provide the secured party's name and address.
04
Include a description of the collateral involved.
05
Indicate the reason for the request, such as a change or termination of the UCC filing.
06
Sign and date the form.
07
Submit the completed form to the appropriate state office, either by mail or online, along with any required filing fees.

Who needs UCC5 Information Statement?

01
The UCC5 Information Statement is typically needed by secured parties, debtors, and creditors who want to amend, terminate, or provide notice of changes to a UCC financing statement.
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People Also Ask about

"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.
A UCC filing on your business is usually made to create a lien against property used as collateral. Typically, a UCC filing is required in order to secure private financing.
A UCC financing statement — also called a UCC-1 financing statement or a UCC-1 filing — is a legal form that allows a lender to announce a lien on an asset to secure a loan.
UCC5 Information Statement Form A UCC5, filed by either the debtor or secured party, is solely intended to 'inform' third parties searching the UCC public records of the following: 'RECORD IS INACCURATE' 'RECORD WAS WRONGFULLY FILED' 'RECORD FILED BY PERSON NOT ENTITLED TO DO SO'

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The UCC5 Information Statement is a form used to provide updates or changes related to a previously filed UCC financing statement, specifically when the debtor's name or address changes or when there are modifications to the secured party's information.
Any secured party or debtor who has a previously filed UCC financing statement that requires updates, such as changes in the debtor's name or address, or changes in the secured party's details, is required to file a UCC5 Information Statement.
To fill out the UCC5 Information Statement, individuals should provide the original UCC filing number, the name and address of the debtor, the updated name or address, any necessary amendments to the secured party’s details, and sign the statement before submission.
The purpose of the UCC5 Information Statement is to ensure that accurate and up-to-date information is maintained in the UCC filing system, thus protecting the rights of secured parties and maintaining the integrity of public records.
The UCC5 Information Statement must report the original UCC filing number, changes to the debtor's name or address, amendments to the secured party's information, and any other relevant details that reflect updates to the original filing.
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