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This document is used to amend a previously filed UCC financing statement. It allows for termination, continuation, assignment, and changes to party information or collateral description.
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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
Obtain the UCC Financing Statement Amendment form from your state's Secretary of State website or office.
02
Fill in the filer information, including your name and contact details.
03
Provide the original UCC file number to ensure the amendment is linked to the correct initial statement.
04
Indicate the specific amendments being made, such as adding or removing collateral or a debtor.
05
Review the completed form to ensure all information is accurate.
06
Sign the form in the designated space provided for the filer's signature.
07
Submit the form along with any required filing fees to the appropriate state office, either by mail or in person.

Who needs UCC FINANCING STATEMENT AMENDMENT?

01
Businesses or individuals who have previously filed a UCC Financing Statement and need to update or amend the information.
02
Creditors who want to correct, add, or clarify details associated with a security interest.
03
Debtors who need to reflect changes in their collateral or correct debtor information.
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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 that modifies an existing UCC financing statement, which is used to secure a creditor's interest in collateral offered by a borrower.
Typically, the secured party or creditor who has a security interest in the collateral is required to file a UCC Financing Statement Amendment to ensure that their interests are accurately represented.
To fill out a UCC Financing Statement Amendment, you need to provide the file number of the original UCC statement, the names and addresses of the debtor and secured party, details of the amendment (such as additions, modifications, or terminations), and signatures where required.
The purpose of a UCC Financing Statement Amendment is to update or modify the information contained in an original UCC statement, which could include changes in the collateral, debtor information, or securing party details.
The information that must be reported includes the file number of the original financing statement, the name and address of the debtor, the name and address of the secured party, details of any amendments, and any additional collateral being added or removed.
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