Idaho N1 Template

Idaho N1 Template

The Idaho N1 form is a legal document used to file a financing statement that establishes a security interest in personal property. This form is essential for creditors to protect their rights when lending money or extending credit. To ensure proper completion, follow the provided instructions carefully and submit the form by clicking the button below.

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Idaho N1 Preview

STATE OF IDAHO - COUNTY MEDICAL - FORM N1

Mail to:

Secretary of State

 

 

UCC Division

Telephone: 208-334-3191

 

70045 WN 4thJefferson

 

 

 

PO Box 83720

Fax: 208-334-2847

 

Boise ID 83720-0080

 

Instructions:

1.Please type and sign this form in black.

2.File only the original. Make copies for your file. The original will be returned as your acknowledgment.

3.Enter only one debtor’s name or assumed name per debtor block exactly as it is to be indexed. If more than four names, use an attached sheet.

4.When the obligation has been satisfied, complete the Termination Statement and return the original to the filing officer.

blockThis Filingfor useOffice .only

Name or business name of each debtor against whom the lien is claimed, and the address of each.

1

Organization or Indiv. Last Name

 

First Name

Middle Name

 

Suffix

 

 

 

 

 

 

 

 

 

 

 

Address

 

City

State

Zip

 

 

 

 

 

 

 

2

Organization or Indiv. Last Name

 

First Name

Middle Name

 

Suffix

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

City

State

Zip

 

 

 

 

 

 

 

3

Organization or Indiv. Last Name

 

First Name

Middle Name

 

Suffix

 

 

 

 

 

 

 

Address

 

City

State

Zip

 

 

 

 

 

 

 

4

Organization or Indiv. Last Name

 

First Name

Middle Name

 

Suffix

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

City

State

Zip

 

 

 

 

 

 

 

 

 

Secured Party Name and Address

 

 

 

Organization or Indiv. Last Name

Address

First Name

Middle Name

 

 

City

State

 

Zip

 

 

 

 

 

 

 

 

 

Assignee Name and Address

Organization or Indiv. Last Name

First Name

Middle Name

Address

City

State

Zip

Acknowledgment Name and Address, if not Secured Party

Organization or Indiv. Last Name

First Name

Middle Name

Address

City

State

Zip

This financing statement covers the following types or items of property:

Signature of Secured Party:

TERMINATION STATEMENT

The Secured Party no longer claims a security interest under the financing statement.

Signature of Secured Party / Assignee of Record

Date

Rev. 07/2001

Essential Queries on This Form

What is the Idaho N1 form used for?

The Idaho N1 form is a financing statement used to establish a lien against a debtor's property. This form is essential for secured parties who wish to claim a security interest in the property of an individual or organization. By filing this form, creditors can protect their interests in the event of a default on a loan or obligation.

Who needs to file the Idaho N1 form?

Any individual or organization that extends credit and wishes to secure that credit with a lien on property must file the Idaho N1 form. This includes banks, financial institutions, and private lenders. It is crucial for those who want to ensure they have a legal claim to the property should the debtor fail to meet their obligations.

How do I fill out the Idaho N1 form correctly?

To fill out the Idaho N1 form, follow these steps:

  1. Type the form in black ink and ensure it is signed.
  2. File only the original form; retain copies for your records.
  3. Enter one debtor's name or assumed name per debtor block. If there are more than four names, attach an additional sheet.
  4. After the obligation is satisfied, complete the Termination Statement and return the original to the filing officer.

Accuracy is vital; any mistakes may lead to complications in enforcing the lien.

Where should I send the completed Idaho N1 form?

The completed Idaho N1 form should be mailed to the Secretary of State's UCC Division at the following address:

  • 700 W Jefferson
  • PO Box 83720
  • Boise, ID 83720-0080

For additional inquiries, you can contact them at 208-334-3191 or send a fax to 208-334-2847.

What happens after I file the Idaho N1 form?

Once the Idaho N1 form is filed, the original will be returned to you as acknowledgment of your filing. This serves as proof that the lien has been established. If the debtor satisfies the obligation, you will need to complete a Termination Statement to officially release the lien.

Can I amend the Idaho N1 form after it has been filed?

Yes, if there are changes that need to be made after the Idaho N1 form has been filed, you can submit an amendment. It is important to ensure that all information is accurate and up-to-date to avoid any legal complications. Amendments can include changes to the debtor's name or additional property being secured.

▼ Idaho N1 PDF Form

Misconceptions

Misconceptions about the Idaho N1 form can lead to confusion and errors in filing. Here are six common misunderstandings:

  • Only one debtor can be listed. Many believe that the Idaho N1 form allows for only a single debtor. In reality, the form can accommodate multiple debtors, but it requires that each debtor's name is entered in separate blocks. If there are more than four debtors, an additional sheet must be attached.
  • Filing a copy is sufficient. Some individuals think they can file a copy of the Idaho N1 form instead of the original. This is incorrect. The instructions specify that only the original form should be filed, and it will be returned as an acknowledgment of receipt.
  • The form can be signed in any color ink. A common misconception is that the signature on the Idaho N1 form can be in any color. However, the instructions clearly state that the form must be typed and signed in black ink.
  • The Termination Statement is optional. Some people mistakenly believe that filing a Termination Statement is not necessary once an obligation has been satisfied. This is false. Completing and returning the Termination Statement is required to officially close the security interest.
  • Addresses are not necessary. There is a belief that providing addresses for debtors is not crucial. In fact, the Idaho N1 form requires the complete address for each debtor to ensure proper indexing and identification.
  • Only businesses can file the form. It is often thought that only organizations can utilize the Idaho N1 form. However, both individuals and organizations can file, as the form accommodates both types of debtors.

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