Get the free UCC Document # 128 - tamiu

COAS132 College Document # UCC Document # 128 Date Received 011906 CATALOG YEAR 20062007 (Please use separate form for each add/change) COLLEGE/SCHOOL : Current Catalog Page(s) Affected Course: (check

How to fill out ucc document 128

How to fill out UCC document 128:

1. Start by obtaining a copy of the UCC document 128 form. This form can usually be found on the website of the relevant state's Secretary of State or UCC filing office.
2. Begin filling out the form by entering the debtor's information. This includes the debtor's name, address, and organizational identification number (if applicable).
3. Next, provide the secured party's information. This includes the secured party's name, address, and organizational identification number (if applicable).
4. Indicate the collateral description in detail. This includes information about the collateral being pledged, such as its type, make, model, serial number, and any other relevant identifiers.
5. Specify the duration of the security interest. This can be provided as a specific end date or can be left open-ended.
6. Review the completed form for accuracy and completeness. Make sure all necessary fields are filled out and that the information provided is correct.
7. Sign and date the form. The debtor and secured party (or their authorized representatives) must both sign and date the form to make it legally binding.
8. Submit the completed UCC document 128 form to the appropriate filing office. This is usually the Secretary of State or UCC filing office in the state where the debtor is located.
9. Pay any associated filing fees, if required. The filing office may require a fee to process and record the UCC form.
10. Keep a copy of the completed form for your records. It's important to have a copy of the UCC document 128 for future reference or if any disputes arise.

Who needs UCC document 128:

1. Lenders and financial institutions: Lenders and financial institutions often use UCC document 128 to establish a security interest in collateral to secure loans or other financial transactions.
2. Businesses and organizations: Businesses and organizations may need UCC document 128 when entering into transactions involving the sale or financing of goods or equipment.
3. Individuals: Individuals may also need UCC document 128 if they are involved in transactions where a security interest needs to be established, such as purchasing a vehicle or securing a personal loan with collateral.

It's important to consult with legal or financial professionals to ensure compliance with state-specific requirements and to understand the full implications of filing a UCC document 128.

For pdfFiller’s FAQs

What is ucc document 128?

UCC document 128 is a financing statement filed under the Uniform Commercial Code to provide public notice of a secured party's security interest in collateral.

Who is required to file ucc document 128?

The secured party or creditor who has a security interest in collateral is required to file UCC document 128.

How to fill out ucc document 128?

UCC document 128 can be filled out by providing information about the debtor, secured party, collateral, and any other relevant details as required by the UCC laws.

What is the purpose of ucc document 128?

The purpose of UCC document 128 is to establish a public record of a secured party's security interest in collateral and to protect the rights of the secured party in case of default by the debtor.

What information must be reported on ucc document 128?

The information that must be reported on UCC document 128 includes details about the debtor and secured party, a description of the collateral, and any other relevant information as required by the UCC laws.

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