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College Document COAST 066 UCC Document # ___ Document Type ___ CATALOG YEAR __20082009___ (Please use separate form for each add/change) COLLEGE/SCHOOL/SECTION: Current Catalog Page(s) Affected:

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How to fill out filing a ucc financing

01

Obtain the UCC-1 form from the appropriate governing body.

02

Verify all required information is correct including debtor's name, address, and collateral description.

03

Fill out the form completely and accurately.

04

Submit the completed form along with any necessary fees to the governing body.

05

Receive a filing confirmation from the governing body for your records.

Who needs filing a ucc financing?

01

Businesses looking to secure a loan or line of credit with personal property as collateral.

02

Creditors needing to establish priority in the event of debtor default.

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What is filing a ucc financing?

Filing a UCC financing statement is a legal document that a creditor files to give notice that it has an interest in the personal property of a debtor.

Who is required to file filing a ucc financing?

Creditors who have provided a loan secured by personal property are required to file a UCC financing statement.

How to fill out filing a ucc financing?

To fill out a UCC financing statement, the creditor must provide information about the debtor, the secured party, and the collateral.

What is the purpose of filing a ucc financing?

The purpose of filing a UCC financing statement is to establish a creditor's priority in the collateral in case the debtor defaults on the loan.

What information must be reported on filing a ucc financing?

Information such as the names and addresses of the debtor and secured party, a description of the collateral, and any applicable financing statements must be reported on a UCC financing statement.

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