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Get the free UCC1 - Original Filing - UCC Financing Statement

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Filing Number: 979090600028 Date: 11/09/2017 Time: 9:23 PM STATE OF MINNESOTA Office: Office of the Minnesota Secretary of StateUCC1 Original Filing UCC Financing Statement RETURN ACKNOWLEDGEMENT
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How to fill out ucc1 - original filing

01
Obtain the UCC1 form from your state's Secretary of State website or office.
02
Fill in the debtor's name and address accurately.
03
Provide the secured party's name and address in the designated section.
04
Describe the collateral that is being secured in the appropriate section.
05
Check the box indicating whether the filing is an amendment, continuation, or original filing.
06
Sign and date the form where indicated.
07
Submit the completed form along with the required filing fee to the appropriate state office.
08
Keep a copy of the filed UCC1 for your records.

Who needs ucc1 - original filing?

01
Businesses seeking to secure loans or credit by using assets as collateral.
02
Lenders requiring evidence of the secured interest in the borrower's assets.
03
Individuals or entities that want to publicly declare their security interest in specific collateral.
04
Anyone involved in transactions that fall under the Uniform Commercial Code.
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UCC1 - original filing is a legal form used to secure a creditor's interest in a debtor's collateral under the Uniform Commercial Code (UCC). It establishes liens and gives public notice of the creditor's claim.
Creditors who have a security interest in collateral owned by a debtor are required to file a UCC1 - original filing to protect their rights.
To fill out a UCC1 - original filing, provide the debtor's name and address, the secured party's name and address, and a description of the collateral. Ensure all information is accurate and complete.
The purpose of UCC1 - original filing is to provide public notice of a secured party's interest in the debtor's collateral, thereby prioritizing the creditor's claim in the event of debtor default.
The UCC1 - original filing must report the debtor's name and address, the secured party's name and address, and a description of the collateral securing the debt.
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