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This form is used as an addendum to the UCC Financing Statement to provide additional information about the debtors, secured parties, and associated collateral. It includes instructions on how to fill out the form accurately to avoid legal consequences and provides space for additional information as necessary.
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How to fill out ucc financing statement addendum

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How to fill out ucc financing statement addendum

01
Obtain the UCC Financing Statement Addendum form from your local Secretary of State or online.
02
Fill in the debtor's name and address in the designated fields.
03
Provide the secured party's name and address in the required section.
04
In the 'additional space for collateral description' section, describe the collateral in detail.
05
Indicate any additional information needed for the addendum, if applicable.
06
Review all entries for accuracy and completeness.
07
Sign and date the form appropriately where required.
08
Submit the completed addendum together with the UCC financing statement to the appropriate filing office.

Who needs ucc financing statement addendum?

01
Businesses or individuals who are borrowing money and using collateral to secure the loan.
02
Secured parties (lenders or creditors) who need to establish a legal claim against collateral.
03
Entities looking to inform potential creditors of prior security interests in the collateral.
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A UCC financing statement addendum is a supplemental form that provides additional information regarding the secured transaction, such as additional debtors or collateral.
Debtors and secured parties involved in a secured transaction are required to file a UCC financing statement addendum if additional information needs to be disclosed.
To fill out a UCC financing statement addendum, provide the information regarding the new debtor or additional collateral, ensuring to reference the original financing statement.
The purpose of a UCC financing statement addendum is to modify or provide more details to the original UCC financing statement, ensuring that all relevant information is recorded.
The addendum must report additional debtors' names and addresses, details about any new collateral, and any changes in the secured party's information.
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UCC Financing Statement Addendum Secured Party Debtor Collateral Real Estate Records Legal Form Filing Instructions American LegalNet

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