Get the free UCC FINANCING STATEMENT ADDENDUM - M Burr Keim

UCC FINANCING STATEMENT ADDENDUM FOLLOW INSTRUCTIONS 9. NAME OF FIRST DEBTOR: Same as line 1a or 1b on Financing Statement; if line 1b was left blank because Individual Debtor name did not fit, check

How to fill out ucc financing statement addendum

How to fill out UCC financing statement addendum:

1. Start by obtaining the UCC financing statement addendum form. This form can typically be found on the website of your state's Secretary of State office or a similar government agency.
2. Fill in the debtor's name and address. This should be the same information used on the original UCC financing statement.
3. Provide the secured party's name and address. This is the party to whom the debtor owes the obligation secured by the collateral.
4. Indicate the original UCC filing number. This is the number assigned to the original financing statement.
5. Describe the collateral being added to the original financing statement. Be specific and detailed in your description to ensure accuracy.
6. If applicable, include any specific exemptions or limitations regarding the collateral being added. This can include things like excluded assets or certain time periods for the collateral's inclusion.
7. Sign and date the UCC financing statement addendum. Make sure all required signatures are provided, including those of the debtor and secured party.
8. File the completed form with the appropriate government agency. Be sure to follow any specific filing instructions or procedures outlined by your state to ensure proper submission.

Who needs UCC financing statement addendum:

1. Debtors who have already filed a UCC financing statement and need to add additional collateral to the original filing.
2. Secured parties who want to ensure their interest in additional collateral is properly recorded and protected.
3. Lenders or financial institutions who want to establish or perfect their security interest in specific assets.
4. Businesses or individuals who want to provide notice to other creditors about their interest in certain collateral.
5. Anyone involved in commercial transactions where collateral is used to secure a debt, such as equipment leases, loans, or sales contracts.

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What is ucc financing statement addendum?

UCC financing statement addendum is a form that provides additional information and clarification to a previously filed UCC financing statement.

Who is required to file ucc financing statement addendum?

The secured party or any other party with an interest in the collateral may be required to file a UCC financing statement addendum.

How to fill out ucc financing statement addendum?

To fill out a UCC financing statement addendum, you will need to provide detailed information about the original financing statement and the additional information being added.

What is the purpose of ucc financing statement addendum?

The purpose of a UCC financing statement addendum is to provide clarity and ensure accuracy in the information filed with the UCC.

What information must be reported on ucc financing statement addendum?

The UCC financing statement addendum must include information regarding the original financing statement, the collateral, and any additional details being added.