Ways to Secure a Promissory Note. This is a tricky question. For a security interest to attach, the lender or secured party must give some value in exchange for the security interest on the collateral. All My Movies Torrent Crack Windows. In the case of a prior loan that is not in default, it is not clear what value the borrower would be giving. For example, most security interests are created when the loan is given. The value is the loan itself, in exchange for the collateral. Nursery Rhymes Torrent. If you are creating a security interest close in time to the original loan, this is probably satisfied. However, consider an unsecured loan that has existed for two years, for example, without default. What reason would there be for creating a security interest two years laterYou can go through the steps of creating the security interest, as described in this article, but the borrower might be able to argue that there was no consideration value given for the security interest. If the borrower is willing to go along with you and grant the security interest after some time has passed I dont know why he would, you can go ahead and do it. Include the general phrase, For value given in the financing statement. Search Office of The Secretary of State Search the current Agency with a Keyword Filtered Topic Search. Take Back Your Strawman. UCC1Uniform Commercial CodeTake back your Strawman. On April 5, 1933, then President Franklin Delano Roosevelt, under Executive Order. UCC Pending Document. If you previously printed a UCC document from this site and have not submitted it, you may click here to modify andor file the pending document. Provide Debtor name. Use exact, full name do not omit, modify, or abbreviate any part of the Debtors name.