A Uniform Commercial Code Financing Statement (Form UCC-1) is a document that a creditor files as notice of a lien on the personal property of a borrower.

A UCC-1 financing statement is a type of UCC filing that a lender files with the borrower’s secretary of state to formalize—or perfect—its right to underlying loan collateral.

Continuation statements must be filed in the six months prior to a UCC-1 financing statement's expiration. Statements filed outside of this window are refused, whether they're filed too early or ...

Insist on a “Public Finance Transaction” Financing Statement When Applicable . UCC financing statement mishaps can occur either because of an inadequate or unfiled initial financing statement ...

If you're approved for a small-business loan, a lender might file a UCC financing statement, also known as a UCC-1 filing. This is just a legal form that allows the lender to announce a lien on a ...

Under the Uniform Commercial Code (UCC), a secured party can perfect its lien on certain of a debtor's assets by the filing of a UCC-1 financing statement. However, Section 9-509 of the UCC ...

The UCC financing statement is a form that a creditor files to give notice that it has an interest in the personal property of a debtor. A bank, not an entrepreneur, typically files the statement.

Explore UCC filing - its definition, history, and functioning. Learn about UCC-1 Financing Statements, collateral liens, and terminating UCC liens at India Infoline.