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TE 23 30C (Ed. Effective 2/96) FORM F1 UNIFORM COMMERCIAL MOTOR VEHICLE BODILY INJURY AND PROPERTY DAMAGE LIABILITY INSURANCE ENDORSEMENT (To comply with Texas Civil Statutes, Art. 6675c) This endorsement
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Form F-1 Uniform Commercial Code refers to a document used to register a security interest in personal property as collateral for a loan.
Lenders or creditors who want to establish a security interest in personal property are required to file Form F-1 Uniform Commercial Code.
Form F-1 should be completed with accurate information about the borrower, lender, collateral, and terms of the loan. It should then be filed with the appropriate government agency.
The purpose of Form F-1 is to give public notice of the lender's security interest in the borrower's personal property, providing protection to the lender in case of default.
The form typically requires details about the borrower and lender, a description of the collateral, the amount of the loan, and any other terms or conditions agreed upon.
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