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UCC FINANCING STATEMENTFOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER [optional]Thomas: Widlar (402) 4431788 B. SEND ACKNOWLEDGMENT TO: (Name and Address)Thomas:
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01
Obtain a copy of the Uniform Commercial Code (UCC) form from the appropriate government agency.
02
Fill in the required information, such as the names and addresses of the parties involved, the description of the collateral, and the terms of the agreement.
03
Make sure to sign the form and have it notarized, if necessary.
04
File the completed form with the appropriate government agency, usually the Secretary of State's office.
05
Keep a copy of the filed form for your records.

Who needs subtitle iuniform commercial code?

01
Anyone involved in a commercial transaction that involves the sale of goods or services may need to fill out a Uniform Commercial Code (UCC) form.
02
This includes businesses, lenders, suppliers, and individuals.
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The Subtitle I of the Uniform Commercial Code (UCC) establishes comprehensive regulations governing sales transactions, leases, negotiable instruments, and secure transactions, providing a standardized set of rules for commercial exchanges across jurisdictions.
Entities such as businesses, financial institutions, and individuals involved in secured transactions may be required to file under Subtitle I of the UCC to establish liens on collateral.
To fill out a filing for Subtitle I of the UCC, one must complete the required forms, which typically include information about the debtor, secured party, collateral description, and must adhere to the state's specific requirements for filing.
The purpose of Subtitle I of the UCC is to promote uniformity in commercial laws across states, facilitating secure transactions, protecting the rights of parties involved, and ensuring clarity in financial dealings.
The information that must be reported includes the names and addresses of the debtor and secured party, a description of the collateral, and the type of transaction involved.
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