The Syracuse New York UCC3 Financing Statement Amendment is a legal document filed with the New York Secretary of State to modify or update an existing financing statement under the Uniform Commercial Code (UCC). This amendment is essential in reflecting any changes made to the original filing, ensuring accuracy and clarity of the financial interests and obligations involved. Keywords: Syracuse New York, UCC3 Financing Statement Amendment, legal document, New York Secretary of State, modify, update, financing statement, Uniform Commercial Code, changes, accuracy, clarity, financial interests, obligations. There are several types of Syracuse New York UCC3 Financing Statement Amendments, each serving a specific purpose: 1. Amendment to Add Collateral: This type of amendment is filed when additional collateral is added to the existing financing statement. It provides information on the newly added assets and expands the secured party's interest. 2. Amendment to Terminate or Release Collateral: In this case, the amendment is used to remove collateral from the financing statement. It acknowledges that certain assets are no longer pledged as security for a loan or financial obligation. 3. Amendment to Change Secured Party's Information: When there is a change in the secured party's information, such as a new address, name, or contact details, this amendment ensures accurate records and facilitates effective communication. 4. Amendment to Assign or Transfer Financing Statement: When the secured party transfers their interest in the financing statement to another party, an amendment is filed to reflect the change in the secured party's identity. 5. Amendment to Correct Errors or Omissions: In case of any errors or omissions in the original financing statement, this type of amendment is filed to rectify the inaccuracies. It ensures that the filing is corrected and aligns with the intended terms. 6. Amendment to Renew Financing Statement: Financing statements have expiration dates. Whenever an extension or renewal is necessary, an amendment is filed to extend the duration of the filing, ensuring it remains effective. Overall, the Syracuse New York UCC3 Financing Statement Amendments are crucial in maintaining accurate and up-to-date records of financial interests, collateral, and obligations associated with secured transactions. These amendments ensure clarity, protect the rights of involved parties, and provide a comprehensive overview of the evolving financial relationships.
Syracuse New York UCC3 Financing Statement Amendment
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How to fill out Syracuse New York UCC3 Financing Statement Amendment?
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