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How to file a Ucc-1 Form: What You Should Know

This check protects the lender from legal or  interest-related liability in the event that the loan does not pay. A secured loan  is a loan secured by the actual or legal ownership or use of real or personal property. If you are trying to  recoup money from your landlord, mortgage company, etc., we suggest you file a UCC-1 form as well. UCC Forms: What You Need to Know | Wolters Kluwer  UCC-1F: Financing Statement [Form F] (Form F) for an Unsecured Loan If the debtor has a secured debt, such as a mortgage or car loan, the borrower must file a UCC-1F Financing Statement. The Form for Loans under 25,000 [Form F] is required to get a credit check for any secured debt. The Form Financing Statement provides information about the lender (1) the types of assets the borrower owns (1a) and (1b) the property being loaned (1c) the interest rates being paid on the loans (1d) the payment schedule of the loan (1e) the loan amount being financed (1f) the loan payoff date (1g) the type of security that protects the debt (1h) and the value of the property pledged (1i) to secure the loan. If the property is a house, apartment or condominium, the borrower will be sent a Form Financing Statement for a property that is owned if the UCC Forms: What You Need to Know | Wolters Kluwer UCC Financial Statement: Filing With the FDIC (if you have an FHA loan) If you have an FHA loan, and you are filing an FSA, the borrower must send a Form FS-1 or the Form FS-1A (for an FEEL program loan). The Form FS-1 is approved for an FS-1 or FEEL program loan. If the borrower did not receive a Form FS-1 or Form FS-1A, the borrower may send a new Form FS-1 or Form FS-1A to the lender, but  only if the lender has not already notified the loan service of the borrower's default.

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