Get the free ucc financing statement addendum - bM. Burr Keimb Company

UCC FINANCING STATEMENT ADDITIONAL PARTY FOLLOW INSTRUCTIONS 18. 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

How to fill out ucc financing statement addendum

How to fill out a UCC financing statement addendum:

1. Start by gathering all the necessary information and documents. You will need the original UCC financing statement, as well as any additional information that is relevant to the addendum.
2. Verify the accuracy of the existing UCC financing statement. Make sure all the information regarding the debtor, secured party, collateral, and other details are correct.
3. Determine the reason for filing the addendum. The addendum is typically used to provide additional information or make changes to the original filing. Common reasons for filing an addendum include adding or removing collateral, extending the expiration date, or updating debtor information.
4. Complete the appropriate sections of the addendum form. The exact sections to be completed will depend on the specific nature of the changes being made. Make sure to accurately and clearly provide all the required information.
5. Attach any supporting documents if required. Depending on the changes being made, you may need to include additional documentation to support the addendum. This could include contracts, agreements, or any other relevant paperwork.
6. Review the completed addendum form and supporting documents. Double-check all the information for accuracy and completeness. Any mistakes or missing information could result in the addendum being rejected or deemed ineffective.
7. Submit the addendum to the appropriate authority. The addendum must be filed with the same authority where the original UCC financing statement was filed. Follow their specific instructions for submitting the addendum, whether it is by mail, online, or in person.

Who needs a UCC financing statement addendum:

1. Secured parties: If you are the party that holds a security interest in the collateral listed on a UCC financing statement, you may need to file an addendum to reflect changes in the terms or status of the security interest. This ensures that your rights and position are properly documented.
2. Debtors: If you are a debtor and need to make changes to the information provided on the original UCC financing statement, such as updating your address or adding additional collateral, you will need to file an addendum.
3. Other parties with an interest in the financing statement: Depending on the specific circumstances, there may be other parties involved who have a legal interest in the financing statement. These parties may need to file an addendum if they need to make changes or add information to the original filing.

It is important to consult with legal counsel or a qualified professional when completing a UCC financing statement addendum to ensure compliance with relevant laws and regulations.

For pdfFiller’s FAQs

What is ucc financing statement addendum?

The UCC financing statement addendum is a document attached to the UCC financing statement that provides additional information about the secured party or collateral.

Who is required to file ucc financing statement addendum?

The secured party or their representative is required to file the UCC financing statement addendum.

How to fill out ucc financing statement addendum?

To fill out the UCC financing statement addendum, the secured party must provide detailed information about the collateral being used as security for a loan or credit transaction.

What is the purpose of ucc financing statement addendum?

The purpose of the UCC financing statement addendum is to provide additional information to interested parties about a secured transaction and the collateral involved.

What information must be reported on ucc financing statement addendum?

The UCC financing statement addendum must include information about the secured party, collateral description, debtor information, and any other relevant details.

When is the deadline to file ucc financing statement addendum in 2023?

The deadline to file the UCC financing statement addendum in 2023 is typically within a set number of days after the original UCC financing statement is filed.

What is the penalty for the late filing of ucc financing statement addendum?

The penalty for the late filing of a UCC financing statement addendum may vary by jurisdiction, but can include fines, loss of priority status, or other legal consequences.

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