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UCC FINANCING STATEMENT AMENDMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER optional B. SEND ACKNOWLEDGMENT TO: (Name and Address) THE ABOVE SPACE IS FOR FILING
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UCC3 amendment assignment termination refers to the process of terminating or cancelling an assignment of a UCC-1 financing statement. This amendment is filed to remove the assignment of the original debtor's interest in the collateral.
The secured party who originally filed the assignment of the UCC-1 financing statement is required to file the UCC3 amendment assignment termination.
To fill out the UCC3 amendment assignment termination, you will need to provide information such as the original debtor's name, the secured party's name, the UCC-1 filing number, and a statement indicating the termination of the assignment.
The purpose of the UCC3 amendment assignment termination is to remove the assignment of the original debtor's interest in the collateral. This allows the original debtor to regain full ownership or control over the collateral.
The UCC3 amendment assignment termination must report the original debtor's name, the secured party's name, the UCC-1 filing number, and a statement indicating the termination of the assignment.
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