UCC-1 Form

{
  "id": "MLC-T-LAW-005022",
  "term": "UCC-1 Form",
  "field": "Law",
  "definition": "A financing statement filed under the Uniform Commercial Code (UCC) to provide public notice of a creditor's security interest in a debtor's personal property. This form establishes the priority of a creditor's claim against other creditors if the debtor defaults on a loan. It is typically filed with a state's Secretary of State office.",
  "url": "https://mlchart.com/terminology/law/ucc-1-form/"
}