Form EFS-1 Farm Products Financing Statement Standard Form - Oregon

What Is Form EFS-1?

This is a legal form that was released by the Oregon Secretary of State - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form EFS-1?
A: Form EFS-1 is the Farm Products Financing Statement Standard Form in Oregon.

Q: What is the purpose of Form EFS-1?
A: The purpose of Form EFS-1 is to provide notice of a security interest in farm products.

Q: Who uses Form EFS-1?
A: Lenders and creditors use Form EFS-1 to establish their security interest in farm products.

Q: Is there a fee for filing Form EFS-1?
A: Yes, there is a fee for filing Form EFS-1. The fee varies depending on the type of filing and the number of debtor names being listed.

Q: What information is required on Form EFS-1?
A: Form EFS-1 requires information about the debtor, secured party, and the farm products subject to the security interest.

Q: How long is Form EFS-1 valid?
A: Form EFS-1 is valid for five years from the date of filing, unless terminated or continued.

Q: Can Form EFS-1 be amended or terminated?
A: Yes, Form EFS-1 can be amended or terminated by filing the appropriate documents with the Oregon Secretary of State.

Q: What happens if Form EFS-1 is not filed?
A: If Form EFS-1 is not filed, the lender or creditor may not have priority over other creditors in the event of default or bankruptcy.