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This document serves as an amendment addendum for a UCC financing statement, allowing parties to update or provide additional information related to the initial financing statement.
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How to fill out ucc financing statement amendment

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How to fill out UCC FINANCING STATEMENT AMENDMENT

01
Start by downloading or obtaining the UCC Financing Statement Amendment form from your state's Secretary of State website.
02
Fill in the current debtor's name and address as it appears on the original financing statement.
03
Indicate the amended section by checking the appropriate box (e.g., to add collateral, to change the debtor's name, etc.).
04
If adding a new debtor, input the name and address of the new debtor in the designated section.
05
Provide details of the amendment in the description field as needed.
06
Review the form for accuracy and completeness.
07
Sign and date the form in the signature section.
08
Submit the completed form along with any required filing fee to the appropriate state office.

Who needs UCC FINANCING STATEMENT AMENDMENT?

01
Businesses or individuals who have previously filed a UCC Financing Statement and need to update or amend information related to the secured party, debtor, or collateral.
02
Lenders who want to ensure that their security interests are accurately documented and up to date.
03
Any entity seeking to reflect changes in the status or details of the financing statement for legal clarity.
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People Also Ask about

In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment. (e) [Certain amendments ineffective.] (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
Authorizing and Filing UCC Terminations Prepare and complete a UCC-3 amendment form to include: The filing number of the initial financing statement to which amendment relates. Review and review again for any mistakes or incorrect information. Submit the filing to Secretary of State's office in the appropriate state.
"Amendment" means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations. "Assignment" is an amendment that assigns all or part of a secured party's power to authorize an amendment to a financing statement.
from our example, the UCC-1 filing can remain in place even when the debt is paid off. In these situations, you can file a UCC-3 termination yourself with your secretary of state. You must swear under oath that you've satisfied the debt in full and complete the UCC termination form.

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A UCC Financing Statement Amendment is a legal form used to modify an existing UCC financing statement, which is a record that establishes a lender's security interest in a debtor's personal property.
Typically, the secured party or lender who has a security interest in the collateral is required to file the UCC Financing Statement Amendment.
To fill out the UCC Financing Statement Amendment, provide the original filing number, the names and addresses of both the debtor and the secured party, specify the changes being made, and sign the document.
The purpose of the UCC Financing Statement Amendment is to update, correct, or terminate an existing financing statement to reflect changes in the collateral, debtor's information, or the secured party's details.
The amendment must report the original filing number, the names and addresses of the debtor and secured party, details of the collateral, any amendments to the original statement, and the signatures of the parties involved.
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