This Release of UCC Financing Statement is a memorandum detailing the release of a financing obligation and should be filed with the state filing office to clear the records once the obligation has been satisfied.
Once a loan is paid off, the borrower will want the public record to reflect that the property is no longer encumbered (being used as collateral) in favor of the lender.
To do this, you will need to file this form with the public agency where you filed the UCC Financing Statement. That will let prospective lawyers, creditors, and credit rating agencies know that the lender no longer claims an interest in the borrower’s collateral.
This Release of UCC Financing Statement form is professionally formatted, prepared by a top attorney, can be easily modified, downloaded instantly, includes free customer support, and is backed by our 100% money-back satisfaction guarantee.
This Release of UCC Financing Statement also includes:
1. Instructions & Checklist;
2. Detailed information; and
3. Release of UCC Financing Statement fill-in-the-blank form.
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