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UNIFORM COMMERCIAL CODE State of Florida FINANCING STATEMENT FORM UCC-1 (REV.1993) This Financing Statement is presented to a filing officer pursuant to the Uniform Commercial Code: 1. Debtor (Last

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What is ucc1 filing form?

The UCC1 filing form is a legal document used to record a financing statement for personal property collateral. It is commonly used in commercial transactions to establish priority rights over the collateral.

Who is required to file ucc1 filing form?

Any person or entity who wants to secure their interest in personal property collateral involved in a transaction is required to file a UCC1 form. This includes lenders, creditors, and parties involved in sales or leases of goods.

How to fill out ucc1 filing form?

To fill out a UCC1 filing form, you need to provide information about the debtor (the party owing the debt), the secured party (the party with a security interest), and a description of the collateral. The form may vary by state, so it is important to follow the specific instructions provided by the relevant filing office.

What is the purpose of ucc1 filing form?

The purpose of the UCC1 filing form is to establish a public record of a security interest in personal property collateral. It provides notice to other parties about the existence and priority of any liens or security interests, which is important in determining who has the right to claim the collateral in the event of default or bankruptcy.

What information must be reported on ucc1 filing form?

The UCC1 filing form typically requires the following information: debtor's name and address, secured party's name and address, description of collateral, any additional debtor or secured party information, and a signature of the debtor. It is important to provide accurate and complete information to ensure the effectiveness of the filing.

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