UCC-1 FINANCING STATEMENT

(National Form - Uniform Commercial Code)

FILING OFFICE INFORMATION

A. DEBTOR INFORMATION

DEBTOR 1 (Organization)

DEBTOR 1 (Individual - Alternative)

ADDITIONAL DEBTOR(S) - See UCC-1 Addendum (Form UCC1Ad)

☐ Additional debtor(s) included on Addendum

B. SECURED PARTY INFORMATION

SECURED PARTY 1

ADDITIONAL SECURED PARTY - See UCC-1 Addendum (Form UCC1Ad)

☐ Additional secured party included on Addendum

C. COLLATERAL DESCRIPTION

Item 4. Collateral Description

Select collateral type and provide description:

☐ All Assets - All assets of Debtor, whether now owned or hereafter acquired, and all proceeds thereof.

☐ All Personal Property - All personal property of Debtor, whether now owned or hereafter acquired, and all proceeds thereof.

☐ Specific Categories (check all that apply):

☐ All Accounts
☐ All Chattel Paper (including electronic chattel paper)
☐ All Commercial Tort Claims
☐ All Deposit Accounts
☐ All Documents
☐ All Equipment
☐ All Farm Products
☐ All Fixtures
☐ All General Intangibles (including payment intangibles and software)
☐ All Goods
☐ All Health-Care-Insurance Receivables
☐ All Instruments
☐ All Inventory
☐ All Investment Property
☐ All Letter-of-Credit Rights
☐ All Money
☐ All Supporting Obligations

☐ Specific Property Description:

[DETAILED DESCRIPTION OF SPECIFIC COLLATERAL - Include serial numbers, VINs, account numbers, real property descriptions for fixtures, etc.]

Proceeds Clause

Together with all proceeds and products thereof, including but not limited to:
- Insurance proceeds
- Accounts arising from sale/disposition
- Returned/repossessed goods
- All supporting obligations

D. SPECIAL COLLATERAL TYPES

Item 5. Check ONLY if applicable:

☐ Collateral is Timber to Be Cut
Real property description attached (Item 13 of Addendum)

☐ Collateral is As-Extracted Collateral (oil, gas, minerals)
Real property description attached (Item 13 of Addendum)

☐ This is a Fixture Filing (UCC § 9-502(b))
Real property description attached (Item 13 of Addendum)
Record owner (if not Debtor): [NAME AND ADDRESS]
County Recording Office: [COUNTY, STATE]

☐ Collateral is Held in Trust
Check box in Item 17 of Addendum

☐ Debtor is a Transmitting Utility (UCC § 9-501(b))
[Transmitting utility filings do not lapse and do not require continuation]

☐ Manufactured-Home Transaction (as defined in UCC § 9-102(a)(54))

☐ Public-Finance Transaction (as defined in UCC § 9-102(a)(67))

E. FILER INFORMATION

Item 6. Optional Filer Reference Data

F. FILING OFFICE USE ONLY

AUTHORIZATION AND CERTIFICATION

Authorization to File (UCC § 9-509)

By filing this financing statement, the filing party certifies that:

☐ The Debtor has authorized this filing in an authenticated record (security agreement).

☐ The Debtor has authorized this filing and a copy of such authorization is attached.

☐ This filing covers collateral that is the proceeds of collateral covered by an earlier financing statement.

☐ This filing covers collateral acquired in a transaction where the secured party has a purchase-money security interest (PMSI).

☐ The collateral consists of goods that are or will become fixtures, and the secured party has a right to file a fixture filing.

Filing Party Certification

The undersigned certifies that the information contained in this financing statement is true and accurate to the best of filing party's knowledge.

IMPORTANT FILING INSTRUCTIONS

Where to File (UCC § 9-501)

General Rule - File with Secretary of State:
- Most personal property collateral
- Accounts, chattel paper, general intangibles
- Equipment, inventory, instruments
- Investment property

Exception - File Locally (County Recorder):
- Fixtures (where real property records are maintained)
- Timber to be cut
- As-extracted collateral (minerals)

Filing Jurisdiction Rules (UCC § 9-301 to 9-307)

Duration and Continuation (UCC § 9-515)

CRITICAL DEADLINE: Continuation statement must be filed within 6 months BEFORE the 5-year lapse date. A late continuation is INEFFECTIVE.

Common Filing Errors to Avoid

☐ Debtor Name Errors - Most common cause of ineffective filings
- Use EXACT legal name from formation documents (entities) or driver's license (individuals)
- Do not use trade names, DBAs, or assumed names alone
- Check for spelling, punctuation, and entity designators (LLC vs. L.L.C.)

☐ Wrong Filing Jurisdiction
- File where debtor is "located" under UCC rules, not where collateral is located

☐ Inadequate Collateral Description
- While "all assets" is permitted, overly vague descriptions may cause disputes

☐ Missing Organizational Information
- For registered organizations, include jurisdiction and organizational ID number

☐ Unauthorized Filing
- Ensure debtor has authenticated authorization (usually in security agreement)

STATE-SPECIFIC FILING OFFICES

Sample State Filing Offices:

POST-FILING CHECKLIST

☐ Receive filing acknowledgment with file number and date
☐ Verify filing appears in online UCC search database
☐ Calendar continuation deadline (6 months before 5-year lapse)
☐ Provide copy of filed financing statement to Debtor (if required)
☐ Update loan/collateral file with filing information
☐ Conduct periodic UCC searches to monitor for subsequent filings

UCC ARTICLE 9 CITATIONS

Financing Statement Requirements

• § 9-501: Filing office (centralized vs. local filing)
• § 9-502: Contents of financing statement
• § 9-503: Name of debtor and secured party
• § 9-504: Indication of collateral
• § 9-506: Effect of errors or omissions
• § 9-509: Persons entitled to file (authorization)
• § 9-510: Effectiveness of filed record
• § 9-515: Duration and effectiveness of financing statement
• § 9-516: What constitutes filing; effectiveness
• § 9-520: Acceptance and refusal to accept record
• § 9-521: Uniform form of written financing statement
• § 9-522: Maintenance and destruction of records

Perfection by Filing

• § 9-308: When security interest or agricultural lien is perfected
• § 9-310: When filing required to perfect security interest
• § 9-311: Perfection of security interests in property subject to certain statutes
• § 9-312: Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money
• § 9-316: Effect of change in governing law

Priority Rules

• § 9-317: Interests that take priority over or take free of unperfected security interest
• § 9-322: Priorities among conflicting security interests (first-to-file-or-perfect)
• § 9-323: Future advances
• § 9-324: Priority of purchase-money security interests

ATTACHMENTS CHECKLIST

☐ UCC-1 Addendum (Form UCC1Ad) - if additional debtors, secured parties, or real property description
☐ Authorization to file (if not in security agreement)
☐ Exhibit A - Extended collateral description (if needed)
☐ Real property description (for fixtures, timber, as-extracted collateral)
☐ Filing fee payment

This template follows the national UCC-1 form adopted by the International Association of Commercial Administrators (IACA). Verify compliance with state-specific requirements before filing.