The State Won't Allow Physical Filings for UCC-1 - It's Only Allowed Online - What Now

The State Won't Allow Physical Filings for UCC-1 - It's Only Allowed Online - What Now

Some states have moved to online filing for UCC-1s, but this does not inhibit a trust from printing out a UCC-1 and not filing it. The non-filed UCC-1 is simply there to show proof of an agreement regarding a debtor/creditor relationship, in addition to that there is also the Private Security Agreement which mirrors the debts / statements made within a non-filed UCC-1. When it comes time to move the assets and lien a trust within the trust web, that is when the UCC-1 can be filed and the prior (non-filed) UCC-1 AND Private Security Agreement can be used to show a prior debt agreement to any other creditors / suitors in line.

    • Related Articles

    • Purpose of the UCC-1

      A UCC-1 can be thought of as a financing statement giving notice to the public that the trust (or other entity) has a secured interest in the personal property that is being used as collateral in a secured transaction (via the Private Security ...

    • State Requires UCC-1 Filing to List All Fixed / Attached Property on The Real Property

      Some states, like California, require a fixture filing for all UCC-1 filings, meaning one has to list everything that is “fixed” or "attached" to the real estate property like: home, dishwasher, windows, etc. The way to blanket all these objects is ...

    • There Is A Prior UCC-1 Filed By Myself As Debtor & Creditor - What's Next

      A "strawman UCC-1 filing" is considered null and void (ab initio) by most courts. It is seen as "YOU" indebting "YOURSELF" to protect "YOU/SELF" - thus viewed as circular logic. We are not here to argue the points of the Birth Certificate, SSN, SPCs ...

    • Can A Physical Copy Of The Program Be Mailed

      Yes, we can print and bind a physical copy of each program and ship it to any address. There will be a 1-2 week turnaround to finish. We charge a print fee and a shipping fee for each program. All programs will come in a 1" or 2" 3-hole punch binder ...

    • Is It Ok If The Trust Bank Account Is Opened Online By Email or Fax Only

      If the bank has contacted one to open an account by filling out an application and sending in the required documents (i.e. trust indenture, any successor or co-trustee signatures for acceptance of office, IDs, etc.)  by email or fax, this will not ...