Where Is The UCC-1 & Private Security Agreement Found

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• Does The Private Security Agreement or UCC-1 Need To Be Filed

  The Private Security Agreement (PSA) does not need to be filed, although it can be filed with the local county recorder if so desired, please review COURT PROTECTION SECRETS > ARTICLE III COURT FILING INSTRUCTIONS. Should the PSA be required due to a ...

• 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 ...

• 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 ...

• When Will A Private Security Agreement Need To Be Shown

  Hopefully never, but if shown it will be for the judge to determine financial status(es).

• Does The Private Security Agreement Give Legal and Equitable Title To The Interest

  Security interest is a legal claim (i.e. legal title) on collateral that has been pledged, usually to obtain a loan. This gives a creditor the right to repossession (i.e. equitable title) should the loan ever be called due. This security interest can ...