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LSDefine

Simple English definitions for legal terms

notice filing

Read a random definition: fraudulent transfer

A quick definition of notice filing:

Notice filing: When someone lends money to another person or business and wants to make sure they get paid back, they can file a notice with the government. This notice tells everyone that the lender has a right to some of the borrower's things if they don't pay back the money. The notice just has to include the borrower's name and address, the lender's name and address, and a description of what the lender can take if the borrower doesn't pay. This is called a notice filing.

A more thorough explanation:

Definition: Notice filing is the process of perfecting a security interest under Article 9 of the UCC by filing a financing statement. This means that instead of filing a copy or abstract of the security agreement, only a financing statement needs to be filed. The financing statement must include the debtor's signature, the secured party's name and address, the debtor's name and mailing address, and a description of the types of collateral.

Example: Let's say that a business takes out a loan from a bank and uses its inventory as collateral. The bank can perfect its security interest in the inventory by filing a financing statement with the state's Secretary of State. This notice filing puts other creditors on notice that the bank has a security interest in the inventory and has priority over other creditors who may try to claim the same collateral.

Explanation: In this example, the bank is using notice filing to protect its security interest in the inventory. By filing a financing statement, the bank is notifying other creditors that it has a claim to the inventory and has priority over any other claims. This helps to ensure that the bank will be able to recover its loan if the business defaults on its payments.

notice doctrine | notice-of-alibi rule

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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