What is a UCC 1 filing Florida?
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
How do I get a UCC 1?
You should file a UCC-1 Financing Statement with the secretary of state’s office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder’s office in the county where the debtor’s real property is located.
Is Florida a UCC state?
The “Florida Secured Transaction Registry” is a centralized Uniform Commercial Code (UCC) filing and retrieval system containing initial financing statements, amendments, assignments, and other UCC filings as authorized by Florida Statutes Chapter 679.
What is a UCC-1 form used for?
A UCC financing statement — also called a UCC-1 financing statement or a UCC-1 filing — is a legal form that allows a lender to announce a lien on an asset to secure a loan. By filing the UCC financing statement, the lender is giving notice that it has an interest in the property listed in the filing.
How long do UCC filings last in Florida?
A UCC-1 filing is good for five years.
Where is US located in UCC?
District of Columbia
The United States is located in the District of Columbia.
Where to file UCC filings?
The general rule of thumb when you’re conducting a UCC filing is to file at the central filing office, which is usually the secretary of state or division of corporations, where the debtor is located.
What is an UCC 1 filing?
A UCC filing refers to the UCC-1 Financing Statement, which is a legal form that a creditor files to give notice that it has or might have an interest in the personal or business property of a debtor.
What is an UCC-1 financing statement?
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Why is the UCC filing?
A UCC lien filing, or UCC filing, is a notice lenders file when a business owner takes a loan against an asset . A UCC filing gives lenders a claim on assets a debtor pledges as collateral. The term originates from the Uniform Commercial Code (UCC), a set of rules governing commercial transactions.