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Michigan Department of State Uniform Commercial Code UCC FINANCING STATEMENT FOLLOW INSTRUCTIONSFiling Number: 201805310006260A. NAME & PHONE OF CONTACT AT FILER (optional)Filing Date and Time: 05/31/2018

How to fill out ucc financing statement michigan

How to fill out ucc financing statement michigan

1. To fill out a UCC financing statement in Michigan, follow these steps:
2. Start by obtaining the necessary forms. In Michigan, you can find the UCC financing statement form (UCC-1) on the Michigan Secretary of State's website or at their office.
3. Read the instructions carefully to understand the requirements and sections to be completed.
4. Begin filling out the form by providing your contact information as the secured party. This includes your name, address, and contact details.
5. Provide the debtor's information, including their name, address, and contact details. Make sure to enter the information accurately to avoid any future disputes.
6. Identify the collateral being used to secure the debt. This includes a detailed description of the collateral, such as specific assets or types of property.
7. Indicate any exceptions or additional information in the appropriate section of the form. This may include specific terms or conditions related to the financing agreement.
8. Once you have completed all the required sections, review the form to ensure accuracy and completeness.
9. Sign and date the form. Make sure to follow any additional requirements or instructions provided by the Michigan Secretary of State.
10. Submit the completed form to the Michigan Secretary of State's office along with the required filing fee. Keep a copy of the form for your records.
11. Wait for the Secretary of State's office to process your UCC financing statement. Once processed, you should receive a confirmation or filing number as proof of submission.

Who needs ucc financing statement michigan?

1. Various entities may require a UCC financing statement in Michigan, including:
2. - Lenders or financial institutions providing loans or credit to businesses or individuals
3. - Businesses or individuals seeking to secure a debt with specific collateral
4. - Buyers or sellers involved in commercial transactions where a security interest is involved
5. - Lessors or lessees of personal property
6. - Secured parties looking to establish priority rights over certain assets
7. It is important to consult with legal counsel or a professional familiar with UCC laws in Michigan to determine if filing a UCC financing statement is necessary in a specific situation.

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