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UCC-1 Statement

A required filing under the Uniform Commercial Code used when a borrower claims personal property as collateral against a loan. Under the Code, the borrower must not dispose of the property without repaying the debt in full, because the loan provides the lender with a security interest in the property.

Related information about UCC-1 Statement:
  1. UCC FINANCING STATEMENT - IACA
    May 22, 2002 ... B. SEND ACKNOWLEDGMENT TO: (Name and Address). FILING OFFICE COPY — UCC FINANCING STATEMENT (FORM UCC1) (REV.
     
  2. What is a UCC-1 Financing Statement - Filing Business Taxes ...
    UCC-1 Statement. ... inventory, and other tangible assets of a business) are used as collateral for borrowing, a UCC-1 statement is prepared, signed, and filed.
     
  3. UCC-1 Statement Definition | Investopedia
    One of the standard mortgage documents listed in the Uniform Commercial Code . The UCC-1 Statement lists and describes any personal property that is ...
     
  4. UCC-1 Statement - Financial Dictionary - The Free Dictionary
    A statement filed for personal property used as collateral on a loan. The statement derives its name from the Uniform Commercial Code (UCC), which requires its ...
     
  5. UCC-1 - Legal Dictionary - The Free Dictionary
    UCC 2B · UCC Church of Christ · UCC Church of Christ · UCC&A · UCC(N). UCC -1. UCC-1 Statement · UCC-1 Statements · UCC/XDP · UCC1 Statement ...
     
  6. ucc-1 statement Definition | Business Dictionaries from AllBusiness ...
    document filed with a lender detailing personal property taken as collateral from a borrower. The financing statement, a standard document under the Uniform ...
     
  7. What is UCC-1 Statement? definition and meaning
    Definition of UCC-1 Statement: A required filing under the Uniform Commercial Code used when a borrower claims personal property as collateral against a ...
     
  8. putting an end to the use of the uCC-1 Financing ... - Chuhak
    filing a baseless UCC -1 statement that is done with malice and intent to harm ... A simple search of “UCC-1 statement” through any search engine will turn up a ...