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NOTE: The attached form document is provided for illustrative purposes only and should not be revised or relied on for any other purpose and is subject to further modification by the CFI Fund. The

How to fill out ucc1 financing statement addendum

How to fill out a UCC1 financing statement addendum:

1. Start by obtaining the UCC1 financing statement addendum form. This form is typically provided by the jurisdiction's secretary of state or the office responsible for filing UCC documents.
2. Gather all the necessary information required to complete the addendum. This may include the debtor's name and address, the secured party's name and address, the collateral description, and any additional details required by the specific jurisdiction.
3. Section 1 of the addendum form usually requests the debtor's information. Enter the debtor's full legal name, any previous names used, and their address. Be sure to accurately input this information as it will be used to identify the debtor.
4. In Section 2, you will provide information about the secured party. This includes the secured party's full legal name, any previous names used, and their address. It may also require the secured party's taxpayer identification number or other identifying information.
5. Next, proceed to Section 3 where you will describe the collateral being covered by the UCC1 financing statement. This section must be completed thoroughly and accurately to ensure proper identification of the collateral. Include details such as the type of collateral, serial numbers (if applicable), and any other relevant identifying information.
6. Some jurisdictions may require additional sections or information to be included in the addendum form. Review the instructions provided with the form or consult the filing office for any specific requirements.
7. Once you have completed all the necessary fields, review the addendum form carefully to ensure accuracy and completeness. Incorrect or missing information may lead to rejected filings or errors in identifying the collateral.
8. Finally, submit the completed UCC1 financing statement addendum to the appropriate filing office. Follow the filing office's instructions for payment and submission methods.
9. Keep a copy of the addendum form and any related documents for your records.

Who needs a UCC1 financing statement addendum:

1. Individuals or businesses that have previously filed a UCC1 financing statement and need to provide additional information or update the existing filing may require a UCC1 financing statement addendum. This addendum is used when there are changes or additions to the original financing statement that need to be recorded.
2. Secured parties, such as lenders or creditors, may also need a UCC1 financing statement addendum if they wish to modify or add to the existing financing statement to reflect changes in the collateral or other relevant information.
3. It is essential to consult with legal counsel or the filing office to determine if a UCC1 financing statement addendum is necessary for your specific situation. Following proper UCC filing procedures is crucial to protect the rights and interests of both debtors and secured parties.

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