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UCC-1

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UCC-1 n. a financing agreement form for using personal property (eg. equipment) to secure a loan under the provisions of the Uniform Commercial Code (UCC) adopted in almost all states.



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In such cases, the lender records a UCC-1 on ACRIS to evidence its security interest in the borrower's shares of stock in the cooperative corporation, which acts as collateral for the loan.
Mortgage fraud on the rise, but new tools can help by Baron, Bill / Real Estate Weekly
In general, a lender must file a UCC-1 Financing Statement describing the collateral with the secretary of state of the state in which the borrower resides in order to perfect a security interest.
Can intellectual property be 'imperfected'? When it's used as ... by Remus, Paul C. / New Hampshire Business Review
 
 
 
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