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1 2 THE LEGA L INTELLIGENCERMON DAY, N OV E MB E R 1 3 , 2 0 2 3VOL P. 2704PUBLIC NOTICESJennifer McCullough215.557.2321ESTATE NOTICESNOTICE TO COUNSEL Your attention is directed to Section 3162 of
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The 1-202 notice, also known as the Knowledge Uniform Commercial Code (UCC) notice, is a legal document used to formally record the existence of a security interest in personal property.
Creditors who have a security interest in personal property, such as lenders or sellers, are required to file the 1-202 notice to establish their claim.
To fill out the 1-202 notice, provide the name and address of the debtor, the secured party, a description of the collateral, and any other required information as specified by local regulations.
The purpose of the 1-202 notice is to publicly disclose a creditor's security interest, thereby protecting the creditor's rights and establishing priority over other claims.
The information that must be reported includes the names and addresses of the debtor and secured party, a description of the collateral, and any other relevant details mandated by law.
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