Is the original debtor name required on a UCC termination?
It is not required to list the original debtor on the form. The filing party should list the original file number in Block 1(a); check the action desired (Block 2, 3, 4, 5 or 8); and list the name of the secured party in Block 9. If the filing party wants to list the name of the original debtor again, he should list it in Block 6 or on a separate sheet of paper so that it is indexed again.
Related Questions
- Does the acceptance of payment from a third person constitute novation, thereby releasing the original debtor from his obligation?
- What must a termination statement filed by a debtor on a bogus UCC Financing Statement include in order to be valid?
- Can a UCC filing be extended beyond the original filing date?
