How do I make my Florida UCC-1 secured party filing legally effective?
Asked on 8/05/13, 11:42 am
1 Answer from Attorneys
Byron Petersen
Byron G. Petersen P.A.
Hold on-- It is the underlying "security agreement" that counts. A UCC-1 simply "freezes" priority among creditors. The debt remains, whether a UCC-1 is filed or not. This is not to say you shouldn't implement a UCC-1 to let the world know that your debt will have priority over the claims of subsequent creditors. Go online to "Florida Secretary of State". FAQs will provide the necessary information to file the UCC-1. Also note that UCC-1s may be referred to as "Financing Statements".
Answered on 8/09/13, 2:07 pm
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