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In the absence of a security agreement can a UCC-1 filing be considered evidence of a legal security interest?
Wiki User
∙ 8y ago
The question is unclear. If a security agreement is not completed and signed by the debtor, their is no security and a UCC alone will not. If you know/believe there was a security agreement signed and cannot locate or get access to it: a UCC-1 that has the "stamp" or other certification on it that the Secretary of State "recorded" the UCC-1, then the creditor indeed has a security interest. You can call the Sec'y of State and ask the procedure for filing a UCC-1. The process of doing so, and receiveing a copy back with the recording information on it, is called "perfecting a security interest". The office can also tell you how to do a search, and the cost, to find out if the UCC-1 was recorded, and the cost of getting a copy. This is all public information, in fact, the act of filing the UCC-1 in this "public" manner is part of the legal requirement of perfecting. In additon to talking with the office of the Sec'y of State, you can learn more, including the extent this is accurate in the state in question, by talking with business lawyers and bank loan officers. Check the legal section of book stores too, many have a department with books on variuos aspects of the law, including how to create a security interest.
Wiki User
∙ 8y ago
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What is the arrest charge of no evidence of security?
what does no evidence of security mean? what does no evidence of security mean?
How do you assign a CDARS account as collateral for a loan?
If you intend to borrow from the custodian (the institution through which you placed your order for the CDs), you and the institution enter into a security agreement that establishes the institution's security interest in the CDs. No separate control agreement is necessary, since the institution's security interest in the CDs is perfected by the institution's control of the CDs as your custodian. If you fail to repay the loan, the institution will be able to recover the amount of the loan when the CDs mature, since the payment of principal and accrued interest must come through the custodian institution.
If a debtor defaults does the creditor have an enforceable security interest in the debtor's property?
The answer would depend entirely upon the exact wording of the loan and the security agreement, when read in context of local laws for lending and consumer protection.
Can a security agreement be contained in a promissory note or forbearance agreement?
Yes. A promissory note or forbearance agreement may be modified to include provisions that attached assets to the loan as security or collateral.
Creating a security agreement?
a League of nations
When dealing with Security agreement what are the 3 elements of attachment?
value collateral secured agreement
Can you file a ucc-1 before a security agreement is signed?
Its not recommended. You should sign the security agreement and have it notarized prior to filing your ucc 1
What is evidence custodian?
An evidence custodian preserves the chain of custody and ensures the security of evidence , non evidential property received from law enforcement personnel. They also have the responsibility of receiving logs, packages, stores, inventories, issues and assists in the release of adjudicated materials. Another job for an evidence custodian is clearly labelling evidence packaging and making sure that the evidence labels and the sketch are in perfect agreement.
What is the difference between credit support annex under new york law and credit support annex under English law?
The New York law form of CSA is a "security interest" form where possession of the collateral is maintained by the transfer and subject to a security interest granted to the counterparty. The English law form of CSA is a "transfer" form where the collateral is transferred to the counterparty (or an escrow agent) absolutely subject to an agreement to retransfer equivalent securities and it is not intended to create a security interest.
Does the government charge interest on SSI debts?
The Social Security Administration does not charge interest on a Supplemental Security Income overpayment.
What was achieved in collective security agreements?
Collective security agreements give assurance to a country that the other members of the agreement will never attack it. Also, if one country is attacked, the other members of the security agreement will come to its defense.
What are some recent international agreements with Mexico?
NAFTA (North American Free Trade Agreement) - trade agreement Plan Merida - security agreement
