Gainesville, FL asked in Business Law for Florida

Q: On line 4 of the UCC-1 (rev. 7-29-98 form) financing statement, what EXACTLY do i put as the collateral to be covered

On line 4 of the UCC-1 financing statement, what EXACTLY do I put to as the collateral to b covered by this filing?

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1 Lawyer Answer
Francis M. Boyer
Francis M. Boyer
  • Jacksonville, FL
  • Licensed in Florida

A: Well, this should be the equipment or other items that you are placing a lien on...Ask the salespersons, they will not let you get hold of the equipment wihtout having pprotected themselves.

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