UCC Financing Statement
A standardized form that a lender files with a state agency (usually a Secretary of State) to secure an interest in personal property that the borrower used as collateral for a loan. Also called a UCC-1 Form.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • UCC-1 Statement — One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC 1 Statement lists and describes any personal property that is provided by the borrower as collateral for the loan. This document must be filed with either the… …   Investment dictionary

  • financing statement — n: a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest see also perfect b uniform commercial code in the important… …   Law dictionary

  • UCC-3 financing statement — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • UCC-3 financing statement amendment — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • UCC-1 financing statement — USA UCC 1, Also known as a UCC 1 financing statement and a financing statement. A record or records composed of an initial financing statement and any filed record relating to the initial financing statement (UCC § 102(39)). In accordance with… …   Law dictionary

  • UCC-1 Form — See: UCC Financing Statement Category: Business, LLCs & Corporations Category: Personal Finance & Retirement Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • UCC-1 — USA UCC 1, Also known as a UCC 1 financing statement and a financing statement. A record or records composed of an initial financing statement and any filed record relating to the initial financing statement (UCC § 102(39)). In accordance with… …   Law dictionary

  • UCC-3 termination statement — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • UCC-3 — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • UCC-3 continuation statement — USA UCC 3 continuation statement, Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC 1 beyond the date which is five years after the date of its filing. The continuation statement should identify the… …   Law dictionary

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