UCC

UCC

$25.00

UCC lien filings are records that give notice to other potential lienholders or creditors what assets you have already pledged to use as collateral. Typically, a UCC-1 form is filed by the creditor to secure the borrower’s assets.

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Description

A UCC-1 is a financing statement that must be filed with the Secretary of State in the state your business is incorporated. Creditors file this in order to make a UCC lien claim “perfected” or valid. The UCC-1 financing statement contains a description of the lien, the identity of the lienholder, and the identity of the debtor.

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