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This document is used to amend a UCC financing statement related to security interests, including changes to debtor or secured party information, termination of effectiveness, continuation, and collateral
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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.
02
Fill in the name and address of the debtor as listed in the original UCC financing statement.
03
Provide the name and address of the secured party.
04
Indicate the purpose of the amendment, such as adding or deleting a debtor or secured party.
05
Include any additional information relevant to the amendment.
06
Sign and date the form if required by your jurisdiction.
07
Submit the completed form along with any required fees to the appropriate Secretary of State office.

Who needs UCC FINANCING STATEMENT AMENDMENT?

01
Secured parties who need to update their UCC filings due to changes in debtor information.
02
Debtors who wish to correct inaccuracies in their original UCC financing statement.
03
Lenders who need to maintain accurate and current records for collateral interests.
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People Also Ask about

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 used to change the information in an existing UCC financing statement filed under the Uniform Commercial Code, such as updates to debtor or secured party information.
The secured party or creditor who holds an interest in collateral is required to file a UCC Financing Statement Amendment when updates or changes to the original financing statement are necessary.
To fill out a UCC Financing Statement Amendment, include the original UCC statement's file number, the date of filing, and the specific changes being made, along with the names and addresses of the debtor and secured party.
The purpose of a UCC Financing Statement Amendment is to maintain accurate records regarding secured transactions, ensuring that all parties are informed of any changes in the terms or parties involved.
The information that must be reported includes the original filing number, the names and addresses of the debtor and secured party, the type of amendment (addition, deletion, or change), and the specific details being amended.
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