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UCC FINANCING STATEMENT ADDITIONAL PARTY FOLLOW INSTRUCTIONS (front and back) CAREFULLY 17. NAME OF FIRST DEBTOR (1a or 1b) ON RELATED FINANCING STATEMENT 17a. ORGANIZATION IS NAME OR 17b. INDIVIDUAL
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How to fill out ucc financing statement additional
How to fill out a UCC Financing Statement Additional:
01
Start by obtaining the necessary form: The UCC Financing Statement Additional is typically provided by the Secretary of State's office or any other authorized entity responsible for recording UCC filings. You can usually find the form on their website or request a physical copy.
02
Read the instructions carefully: Before filling out the form, thoroughly review the accompanying instructions to ensure you understand the requirements and any specific details pertaining to your situation. This will help avoid errors or omissions that could render the form invalid.
03
Provide accurate debtor information: Begin by entering the debtor's legal name, indicating whether they are an individual or an organization. Include any additional information required to accurately identify the debtor, such as their address or employer identification number.
04
Include secured party information: Next, provide the name and address of the secured party or creditor who has a security interest in the collateral. This is the entity that will be protected in the event of default or non-payment.
05
State the collateral description: Clearly describe the collateral or assets that are subject to the security interest. This may include specific items, general categories, or all assets of the debtor. Be as precise as possible to avoid any ambiguity.
06
Indicate if the financing statement is newly filed or related to a previous filing: If this is a new UCC filing, check the appropriate box and provide the necessary details. If it relates to an existing filing, provide the previous filing number and any additional information required to establish the connection.
07
Sign and date the form: At the end of the UCC Financing Statement Additional, there will be a space for the debtor's signature, date, and contact information. Ensure that all required fields are completed accurately.
Who needs a UCC Financing Statement Additional?
A UCC Financing Statement Additional is needed when there is a need to modify, amend, or add information to an existing UCC financing statement. It is typically used in situations where there have been changes to the debtor's information, collateral, secured party, or other pertinent details that require updating. The need for a UCC Financing Statement Additional may arise in various business or financial transactions, such as loan refinancing, loan extensions, or changes in collateral. It is important to consult with legal professionals or financial advisors to determine if a UCC Financing Statement Additional is necessary in your specific circumstances.
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What is ucc financing statement additional?
UCC financing statement additional is a form filed to provide additional information about a previously filed UCC financing statement.
Who is required to file ucc financing statement additional?
Anyone who needs to provide additional information regarding a previously filed UCC financing statement is required to file UCC financing statement additional.
How to fill out ucc financing statement additional?
To fill out a UCC financing statement additional, one must provide the requested additional information on the form and submit it according to the filing instructions.
What is the purpose of ucc financing statement additional?
The purpose of UCC financing statement additional is to ensure that all relevant information regarding a financing statement is accurately reported.
What information must be reported on ucc financing statement additional?
The specific information required on a UCC financing statement additional may vary, but typically includes details about the debtor, secured party, collateral, and any amendments to the original financing statement.
When is the deadline to file ucc financing statement additional in 2024?
The deadline to file a UCC financing statement additional in 2024 will depend on the specific filing requirements of the jurisdiction.
What is the penalty for the late filing of ucc financing statement additional?
The penalty for late filing of a UCC financing statement additional may include fines, potential loss of priority status, or other legal consequences.
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