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UCC FINANCING STATEMENT ADDENDUM FOLLOW INSTRUCTIONS 9. NAME OF FIRST DEBTOR: Same as line 1a or 1b on Financing Statement; if line 1b was left blank because Individual Debtor name did not fit, check

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What is ucc1ad?

The UCC1AD refers to a Uniform Commercial Code financing statement filed by a creditor to stake their claim on the assets of a debtor as collateral for a loan.

Who is required to file ucc1ad?

The creditor or lender is required to file UCC1AD to establish their security interest in the debtor's assets.

How to fill out ucc1ad?

To fill out UCC1AD, one needs to include information about the debtor, the creditor, and the collateral. This information typically includes names, addresses, and descriptions of the assets used as collateral.

What is the purpose of ucc1ad?

The purpose of UCC1AD is to provide notice to third parties about a creditor's security interest in a debtor's assets. It helps establish priority and avoid conflicts in case of default or bankruptcy.

What information must be reported on ucc1ad?

The UCC1AD requires reporting information about the debtor, the creditor, and the collateral. This includes names, addresses, and descriptions of the assets used as collateral.

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