Page 1 of 2 Requested By: ,A UCC 3 Termination is a form used to end a lender's interest in the collateral mortgage. It also indicates that the loan was paid in full.

What's a UCC-1 and UCC3?

There are two main forms: UCC-1 is completed upon the purchase or refinance of a property at closing and remains valid for 5 years from the date of filing. UCC-3 is an amendment or “continuation statement” that the owner files to renew the UCC-1 for another 5-year period.

  In addition, the security interest includes the warranty on the referenced collateral. Page 1 of 2 Requested By: ,All of the Debtor's right, title and interest in photovoltaic solar energy equipment, including but not limited to multiple rooftop solar panels, electrical inverter, cables and wires, support brackets, and related equipment, and additions and replacements of same. In addition, the security interest includes the warranty on the referenced collateral. Page 1 of 2 Requested By: ,A UCC 3 Termination is a form used to end a lender's interest in the collateral mortgage. It also indicates that the loan was paid in full.

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What does UCC-3 termination mean?

UCC-3 assignments: This type of filing is used to transfer rights in a filing from one secured party to another. There are both “partial” and “full” assignments. UCC-3 terminations: A UCC-3 termination is used to extinguish the lien before its five-year term has ended.

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