
DECLARING YOUR STATUS Beginners Q&A Group
UCC-1 & UCC-3 Online NY.Gov Filing Link
The DTCC address should be entered for Debtor 3.
They have a new address 570 Washington Boulevard, Jersey City, NJ 07310

Understanding "Secured Party Creditor (SPC) Status"
The term "Secured Party Creditor" (SPC) typically refers to a lender or seller who holds a legal claim or security interest in a debtor's collateral. This arrangement allows the SPC to recover funds by seizing or selling the collateral if the borrower defaults on their obligations. In essence, the collateral provides a safeguard for the creditor's investment.
SPC status is achieved by creating and perfecting this security interest, often by filing a Uniform Commercial Code (UCC) financing statement with the appropriate authorities, making it public record. This action signifies the SPC's claim on the debtor's assets, potentially offering protection against other creditors.
In a secured transaction, there are key roles:
The Secured Party: The lender or entity holding the security interest, aiming to ensure the debtor fulfills their obligations.
The Debtor: The individual or entity owing the debt or having a performance obligation, often backed by an asset.
The Collateral:…

Scribd is a great account to have. It shares a lot of useful documents and guides for Secured Party Creditor and other related actions.