Form UCC5 Information Statement - Texas

What Is Form UCC5?

This is a legal form that was released by the International Association of Commercial Administrators on July 1, 2023 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a UCC5 Information Statement?
A: A UCC5 Information Statement is a document used in Texas to provide updates or amendments to a UCC filing.

Q: What is UCC filing?
A: UCC filing refers to the process of recording a financing statement with the state to establish a security interest in personal property.

Q: Who uses a UCC5 Information Statement in Texas?
A: Parties who have previously filed a UCC financing statement in Texas and need to make changes or updates to that filing use a UCC5 Information Statement.

Q: What type of information can be updated with a UCC5 Information Statement?
A: A UCC5 Information Statement can be used to update information such as debtor's name, secured party's name, and collateral description.

Q: How can I file a UCC5 Information Statement in Texas?
A: You can file a UCC5 Information Statement in Texas by submitting the completed form to the Secretary of State's office.

Q: Are there any fees associated with filing a UCC5 Information Statement in Texas?
A: Yes, there is a fee for filing a UCC5 Information Statement in Texas. The fee is determined by the Secretary of State and can vary.

Q: How long does it take for a UCC5 Information Statement to be processed in Texas?
A: The processing time for a UCC5 Information Statement in Texas can vary, but typically it takes a few business days to be processed.

Q: Do I need to notify anyone else about the UCC5 Information Statement filing?
A: No, once you file the UCC5 Information Statement in Texas, the Secretary of State will make the necessary updates to the UCC filing system.

Q: How long is a UCC5 Information Statement valid in Texas?
A: A UCC5 Information Statement in Texas remains valid until the financing statement it amends is terminated or expires, or until subsequent amendments are filed.