Get the free Filing Under Article 9 of the Uniform Commercial Code

Article 9. Instruments to Secure Equity Lines of Credit. 4581. Definitions. The following definitions apply in this Article: (1) Authorized person. Any borrower; the legal representative of any borrower;

How to fill out filing under article 9

How to fill out filing under article 9

1. Obtain the necessary forms for filing under article 9.
2. Provide all required information such as debtor's name and address, secured party's name and address, and description of collateral.
3. File the forms with the appropriate government agency, typically the Secretary of State's office.
4. Pay the filing fee, if applicable.
5. Keep a copy of the filed documents for your records.

Who needs filing under article 9?

1. Lenders who want to secure their interest in collateral provided by a debtor.
2. Businesses that want to provide notice to other potential creditors of their security interest in specific assets.

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What is filing under article 9?

Filing under Article 9 refers to the provision in the Uniform Commercial Code (UCC) that governs secured transactions, allowing creditors to secure loans with collateral.

Who is required to file filing under article 9?

Secured parties, or creditors who want to protect their interests in collateral from other claims, are required to file under Article 9.

How to fill out filing under article 9?

To fill out filing under Article 9, one must provide specific information including the names of the debtor and creditor, a description of the collateral, and other required details in the financing statement form.

What is the purpose of filing under article 9?

The purpose of filing under Article 9 is to publicly record a secured interest in collateral, establishing priority over other claims and informing third parties of the secured creditor's rights.

What information must be reported on filing under article 9?

Filing under Article 9 must report the names and addresses of both the debtor and the secured party, a description of the collateral, and the type of transaction.