SC UCC-1 2011 free printable template
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IN LIEU OF CONTINUATION UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS CAREFULLY A. NAME & PHONE OF CONTACT AT FILER optional B. SEND ACKNOWLEDGMENT TO: (Name and Address) THE ABOVE SPACE IS FOR FILING
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How to fill out pennsylvania ucc search
How to fill out SC UCC-1
01
Obtain the SC UCC-1 form from the South Carolina Secretary of State's website or office.
02
Provide the legal name and address of the debtor in the appropriate fields.
03
Enter the name and address of the secured party (the lender or entity holding the security interest).
04
Describe the collateral that is being secured by the financing statement.
05
Indicate whether the debtor is an individual or an organization.
06
Sign the form as the secured party or an authorized representative.
07
Submit the completed form to the South Carolina Secretary of State's office along with the required filing fee.
Who needs SC UCC-1?
01
Any individual or organization that is extending credit to a debtor and wants to secure a security interest in collateral to protect their loan.
02
Lenders, banks, and financial institutions offering loans.
03
Businesses that extend credit to customers and require collateral for assurance.
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People Also Ask about
Did Pennsylvania adopt the UCC?
Pennsylvania became the first state to enact the UCC, and it became law there on July 1, 1954. The UCC editorial board issued a new code in 1957 in response to comments from various states and a special report by the Law Revision Commission of New York State.
What is the purpose of a UCC filing?
A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
How do I get UCC data?
You can find UCC (Uniform Commercial Code) data yourself on the Secretary of State website for each state. Click on the link and search by a debtor's (buyer's) personal or business name. To view the record, click on the file number. You can do this all day long but it's time consuming.
Why is a UCC search important?
A UCC search reveals any individuals or entities that have filed a claim against business property or other assets pledged on a loan. The search information includes debtor name and address, original date and number, filing state and date files, secured party's name and address, and document number.
What is the purpose of a UCC search?
A UCC Search is generally conducted when a lender or other business management related interest wants to know if the assets of a business are owed as a collateral for a debt. If the assets are already owed as collateral on a previous debt, it should show up in the UCC search results.
Does PA follow the UCC?
The Pennsylvania Uniform Construction Code (UCC) regulates the codes and standards of building projects in the Commonwealth. The UCC has been enforced since April 2004 across Pennsylvania.
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What is SC UCC-1?
SC UCC-1 is a financing statement used in South Carolina to perfect a security interest in personal property.
Who is required to file SC UCC-1?
Secured parties, such as lenders or creditors, are required to file SC UCC-1 to protect their interests in collateral.
How to fill out SC UCC-1?
To fill out SC UCC-1, provide the debtor's name and address, the secured party's name and address, and a description of the collateral.
What is the purpose of SC UCC-1?
The purpose of SC UCC-1 is to provide public notice of a secured party's interest in personal property, establishing priority for claims.
What information must be reported on SC UCC-1?
SC UCC-1 must report the names and addresses of the debtor and secured party, as well as a description of the collateral involved.
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