answersLogoWhite

0

It is a form showing that the lender on the property has a lien against the property until it is paid in full. The form is for personal property only, not real estate

User Avatar

Meredith Feest

Lvl 9
2y ago

What else can I help you with?

Related Questions

What is UCC 1-103 1-308?

what is UCC 1-103 1-308


How does UCC 1-308 work?

It is a form showing that the lender on the property has a lien against the property until it is paid in full. The form is for personal property only, not real estate


Can ucc 1-308 expunge a felony conviction?

This UCC-thing can be (and is) debated endlessly. Suffice it to say that the simple answer is, NO. The individual states have set forth specific requirements for expunction of criminal records. See the below link for further information on specific states.


What is the simplest form 154 over 308?

1/2


Does UCC-1 expire every five years?

UCC-1 financing statements expire in five years, unless renewed.


Does UCC 1 expire every five years?

UCC-1 financing statements expire in five years, unless renewed.


How long do ucc-1 filings last for financial loan?

How long do UCC-1 filings last for financial companies?


Can you file a ucc-1 before a security agreement is signed?

Its not recommended. You should sign the security agreement and have it notarized prior to filing your ucc 1


What is UCC 1-103?

UCC 1-103 is a provision of the Uniform Commercial Code (UCC) that emphasizes the interpretation of its rules in conjunction with common law and principles of equity. It states that unless expressly displaced by the UCC, the principles of common law and equity supplement UCC provisions. This ensures that both statutory and traditional legal principles can apply in commercial transactions. Essentially, it provides a framework for resolving issues not explicitly addressed by the UCC.


What does without prejudice ucci-308 mean?

"Without prejudice" is a legal term used to indicate that statements or negotiations made cannot be used as evidence in court if the discussion does not lead to a settlement. UCC § 3-308 pertains to the Uniform Commercial Code, which addresses the burden of proof in cases involving negotiable instruments. Therefore, "without prejudice UCC-308" suggests that a party is making a claim or assertion regarding a negotiable instrument without the risk of it being used against them in future legal proceedings.


What is a ucc-11?

A UCC-11 is a form used in the United States to request a search of the Uniform Commercial Code (UCC) filings for a specific debtor. It provides information about any existing liens or security interests in personal property associated with that debtor. The UCC-11 is typically utilized by lenders, creditors, or attorneys to assess the creditworthiness of a borrower before extending credit or entering into a financial agreement. The form is submitted to the appropriate state office that maintains UCC filings.


What is half of 308?

1/2 of 308 is 154.