anyone can file a UCC-1 against anyone else. To protect both secured creditors and debtors, Article 9 has strict requirements that must be met for a filed UCC-1 to be effective. One of those requirements is that the financing statement must be authorized by the debtor. Even if that authorization is way of a non-response to an affidavit and/or notice, silent acquiescence, tacit agreement, and/or tacit procuration.
The straw man/franchise/ens legis/trust/U.S. Citizen(created and defined by 14th Amendment), typically represented by your name in ALL CAPS LETTER, is […]
The Pledge of Allegiance – 1892
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The Pledge of Allegiance was written in August 1892 by the socialist minister Francis Bellamy (1855-1931). It was originally published […]
While many Americans struggle to make car payments and/or struggle to save up to buy their dream cars, they are […]
In this video an Agent of a financial institution is being questioned during a trial and easily admits that all […]
A UCC-3 Amendment allows secured parties to update an existing UCC-1 Financing Statement to include additional collateral. This process ensures that the newly added assets are perfected and legally protected under the original filing. By amending rather than filing a new UCC-1, the secured party maintains the continuity of the original filing while expanding its scope. The amendment must clearly describe the new collateral and be filed in the appropriate jurisdiction to ensure the perfection of the security interest. This approach streamlines the process while securing the updated assets.