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This document serves as an addendum to amend a UCC financing statement. It is crucial to follow all instructions carefully to ensure the correct filing of the amendment. Mistakes in the debtor name

How to fill out ucc financing statement amendment

How to fill out UCC FINANCING STATEMENT AMENDMENT ADDENDUM

1. Obtain the UCC Financing Statement Amendment Addendum form from the appropriate state agency or website.
2. Fill out the top section with the debtor's name and address, ensuring it matches the original UCC financing statement.
3. Specify the type of amendment being made (e.g., continuation, termination, or correction).
4. If correcting information, indicate the changes clearly and accurately.
5. Provide the original UCC file number you are amending.
6. Complete the signature section; ensure it is signed by the secured party or authorized representative.
7. Submit the completed addendum along with any required fees to the appropriate filing office.

Who needs UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

1. Businesses or individuals who need to correct, continue, or terminate an existing UCC financing statement.
2. Secured parties that want to update or amend details regarding their security interests.
3. Debtors who need to ensure that their public record accurately reflects their obligations.

People Also Ask about

How to assign an UCC financing statement?

If there has been a total assignment of the Secured Party's interest prior to filing this form, you may either (1) enter Assignor S/P's name and address in item 3 and file an Amendment (Form UCC3) [see item 5 of that form]; or (2) enter Total Assignee's name and address in item 3 and, if you wish, also attaching

Why would you file an UCC-1 on yourself?

Filing a UCC-1 allows creditors to collateralize their loans by utilizing the personal property assets of their customers. In the event of a default, a UCC-1 elevates the lender's status to a secured creditor, ensuring that it will be paid.

What is the purpose of a UCC financing statement?

The most common UCC form is the UCC-1 or Financing Statement. These forms are routine in the case of secured loan, where the lender uses the UCC-1 to place a lien on a particular piece of collateral or all assets belonging to a business or person.

What is a UCC Financing Statement Amendment?

Steps Download the UCC-1 form. Provide direct contact information if desired. Fill in the debtor's name and mailing address. List the name and address of the secured party. Indicate the collateral covered by the financing statement. Include applicable descriptions of the transaction. Fill out an addendum if necessary.

How to file a UCC-3 financing statement amendment with your Secretary of State office to terminate the SBA lien?

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.

How to fill out UCC-1 financing statement?

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.

What are the requirements for a UCC-1 financing statement?

The following information must be included in the UCC-1 filing in order to perfect the lien: Personal and contact information for the borrower. Personal and contact information for the lender or the lender's representative. Description of the collateral covered in the UCC lien.

What is an UCC filing for dummies?

UCC stands for Uniform Commercial Code. The UCC is a set of laws concerning commercial transactions, such as the sale of goods. It also covers secured transactions, where a lender gains the right to foreclose on a borrower's collateral should the borrower default on the loan. This is also called a security interest.

For pdfFiller’s FAQs

What is UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

The UCC Financing Statement Amendment Addendum is a legal document used to amend or modify an existing UCC Financing Statement, which records secured transactions involving personal property.

Who is required to file UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

Creditors or secured parties who wish to amend a previously filed UCC Financing Statement filing are required to file a UCC Financing Statement Amendment Addendum.

How to fill out UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

To fill out the UCC Financing Statement Amendment Addendum, include the original statement's file number, the name and address of the debtor and secured party, specify the amendments being made, and provide any other required information as outlined by the jurisdiction.

What is the purpose of UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

The purpose of the UCC Financing Statement Amendment Addendum is to update or correct information in a previously filed UCC Financing Statement, such as changes in debtor names, secured party details, or collateral descriptions.

What information must be reported on UCC FINANCING STATEMENT AMENDMENT ADDENDUM?

The UCC Financing Statement Amendment Addendum must report the original file number, debtor's name and address, secured party's name and address, a description of the collateral, and any specific details of the amendments being made.