Form UCC5 Information Statement - Rhode Island

What Is Form UCC5?

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

FAQ

Q: What is a Form UCC5 Information Statement?A: A Form UCC5 Information Statement is a legal document used to provide updated information about a UCC filing in Rhode Island.

Q: What is a UCC filing?A: A UCC filing is a public notice filed with the state to establish a security interest in collateral for a loan.

Q: Why would I need to file a Form UCC5 Information Statement?A: You would need to file a Form UCC5 Information Statement if there are any changes or updates to the original UCC filing.

Q: What information is required in a Form UCC5 Information Statement?A: The form requires information such as the debtor's name, the secured party's name, and the original UCC filing number.

Q: How do I file a Form UCC5 Information Statement in Rhode Island?A: To file a Form UCC5 Information Statement in Rhode Island, you need to submit it to the Rhode Island Department of State, Division of Business Services.

Q: Is there a fee to file a Form UCC5 Information Statement?A: Yes, there is a fee associated with filing a Form UCC5 Information Statement. The fee amount may vary, so it's best to check with the Rhode Island Department of State for the current fee schedule.

Q: How long does a Form UCC5 Information Statement remain in effect?A: A Form UCC5 Information Statement remains in effect for five years from the date of filing, unless terminated or continued before the expiration.

Q: Can I make changes to a Form UCC5 Information Statement after it has been filed?A: No, once a Form UCC5 Information Statement has been filed, you cannot make changes to it. You would need to file a new statement to provide updated information.

Q: What happens if I fail to file a Form UCC5 Information Statement?A: If you fail to file a Form UCC5 Information Statement when required, it may affect the validity or priority of your UCC filing.

Q: Are there any penalties for filing an inaccurate or fraudulent Form UCC5 Information Statement?A: Yes, filing an inaccurate or fraudulent Form UCC5 Information Statement may result in penalties, including fines and potential legal consequences.