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UCC FINANCING STATEMENT ADDENDUM FOLLOW INSTRUCTIONS (front and back) CAREFULLY9. NAME OF FIRST DEBTOR (1a or 1b) ON RELATED FINANCING STATEMENT OR 9a. ORGANIZATION IS NAME9b. INDIVIDUAL IS LAST NAMEFIRST
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How to fill out financing statement form:

01
Begin by obtaining the financing statement form from the appropriate source. This could be a government agency, bank, or online platform.
02
Read the instructions carefully to understand the requirements for filling out the form. Pay attention to any specific information or documents that need to be included.
03
Start by entering the debtor's information. This includes the legal name and address of the individual or business for whom the financing statement is being filed.
04
Provide the secured party's information. This refers to the person or entity that is granting the loan or financing. Include their name and address.
05
Specify the collateral being offered as security for the loan or financing. This could be assets such as property, equipment, inventory, or accounts receivable.
06
Complete any additional sections or fields required by the form. This may include providing a detailed description of the collateral, stating the amount of the loan or financing, or indicating any other relevant information.
07
Review the completed form thoroughly to ensure accuracy and completeness. Double-check all the information entered before submitting the form.

Who needs financing statement form:

01
Individuals or businesses that are granting loans or providing financing to others may need to fill out a financing statement form. This helps protect their interest in the collateral being used as security for the loan.
02
Lenders, banks, and financial institutions often require the use of a financing statement form to establish their legal rights and priority in case of default or bankruptcy.
03
Borrowers or individuals receiving financing may also be required to fill out a financing statement form. This allows them to provide accurate information about their assets and provide consent for the lender to file the financing statement.
Note: The specific requirements for who needs a financing statement form may vary depending on the jurisdiction and the nature of the loan or financing arrangement. It is advisable to consult with legal or financial professionals to ensure compliance with relevant laws and regulations.

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A financing statement form is a legal document that a creditor files to give notice that they have a secured interest in the personal property of a debtor. This form is typically filed under the Uniform Commercial Code (UCC).
The creditor or secured party is required to file the financing statement form to establish their security interest in the collateral offered by the debtor.
To fill out a financing statement form, you need to provide the names and addresses of both the debtor and the secured party, describe the collateral being secured, and include any other required details as per state regulations.
The purpose of the financing statement form is to publicly record the secured party's interest in the debtor's collateral, thereby protecting the creditor's rights in the case of the debtor's bankruptcy or liquidation.
The financing statement form must report the names and addresses of the debtor and secured party, a description of the collateral, and any additional information required by the jurisdiction where the form is filed.
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