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This document is used for amending a financing statement under the Uniform Commercial Code in Pennsylvania.
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How to fill out ucc3
How to fill out UCC3
01
Obtain a UCC3 form from the appropriate state authority or online.
02
Enter the name and address of the debtor in the debtor section.
03
Provide the UCC filing number of the initial UCC-1 financing statement you are amending.
04
Specify the changes being made, such as adding or deleting collateral or changing the debtor's name.
05
Complete the signature section and date the form.
06
Submit the UCC3 form to the appropriate filing office, along with any required fees.
Who needs UCC3?
01
Lenders or creditors who want to amend a previously filed UCC-1 financing statement.
02
Businesses or individuals looking to update information regarding a secured transaction.
03
Legal professionals assisting clients in securing interests in personal property.
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People Also Ask about
What is a UCC3 in New York?
A UCC-3 Financing Statement is filed for an amendment or termination of the lien. For example, if your address or the bank's address changes.
What is a UCC-3?
A UCC-3 is used as a way to amend that original lien filing and do things like terminate the UCC, edit any of the details of the lien, or assign your interests to another secured party for the lien.
What is the UCC explained?
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, adopted in some form by every state and the District of Columbia. It aims to provide uniformity and consistency across states' commercial laws.
What is the purpose of the ucc3?
UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party. For example, they can be used to change the name or the address.
Where do I file a UCC 3 in NY?
By Mail: send the completed with the filing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
What is a CA UCC statement?
A UCC (Uniform Commercial Code) financing statement is a mortgage or security agreement that uses personal property as collateral. These agreements are recorded in the county if real property is affected.
Where do I file a UCC-3 in NY?
By Mail: send the completed with the filing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
What is section 3 of the UCC?
Uniform Commercial Code Article 3 governs negotiable instruments: drafts (including checks) and notes representing a promise to pay a sum of money, and that have independent value because they are negotiable.
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What is UCC3?
UCC3 is a form used to amend or terminate a financing statement in the UCC (Uniform Commercial Code) filing system, allowing creditors to update their claims on collateral.
Who is required to file UCC3?
The secured party or creditor who wishes to amend or terminate an existing UCC financing statement is required to file UCC3.
How to fill out UCC3?
To fill out UCC3, you need to provide the original UCC filing information, indicate whether you are amending or terminating the statement, and supply any necessary details related to the changes being made.
What is the purpose of UCC3?
The purpose of UCC3 is to update, modify, or terminate an existing UCC financing statement, ensuring that the public record accurately reflects the status of the secured transaction.
What information must be reported on UCC3?
UCC3 must report the file number of the original UCC statement, the name and address of the debtor, the name and address of the secured party, and details about the amendment or termination.
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