Eugene Oregon UCC3 Financing Statement Amendment Addendum

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Eugene
• Control #: OR-UCC3-A
• Format: PDF

Description

UCC3 - Financing Statement Amendment Addendum - Oregon - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records. Eugene Oregon UCC3 financing statement amendment addendum is a legal document that allows individuals or businesses to modify or make changes to their UCC3 financing statements in Eugene, Oregon. UCC stands for the Uniform Commercial Code, which governs commercial transactions in the United States. The UCC3 financing statement originally provides information about a secured party's interest in collateral. The Eugene Oregon UCC3 financing statement amendment addendum is crucial for parties wishing to update or correct their previously filed UCC3 financing statements. It ensures that any modifications or amendments made to these statements follow the proper legal procedures and provide accurate and updated information. This addendum is used when any changes are made to the original UCC3 financing statement. Some common reasons for filing an amendment include changing the secured party's name or address, adding additional collateral to be included in the UCC3 financing statement, correcting errors in the original statement, or terminating or releasing the secured party's interest in specific collateral. Different types of Eugene Oregon UCC3 financing statement amendment addendums may include: 1. Name Change Amendment: This addendum is filed when the secured party undergoes a legal name change, typically due to a merger, acquisition, or rebranding. It ensures that the UCC3 financing statement reflects the new legal name of the secured party. 2. Address Change Amendment: Secured parties may file this addendum to update their address information, ensuring that any correspondence or notifications are sent to the correct location. 3. Collateral Addition Amendment: If a secured party wishes to include additional collateral on the UCC3 financing statement, they can file this addendum. It specifies the details of the new collateral being added, providing clarity and acting as evidence of the secured party's interest. 4. Correction Amendment: This type of addendum is used to rectify any errors or discrepancies in the original UCC3 financing statement. It may be filed to correct mistakes in the spelling of names, incorrect identification numbers, or any other incorrect information. 5. Termination or Release Amendment: When a secured party's interest in specific collateral ends, either due to repayment, end of the agreement, or other reasons, this addendum is filed to terminate or release the secured party's rights. It serves as proof that the secured party is no longer claiming any interest in the collateral mentioned. In Eugene, Oregon, the UCC3 financing statement amendment addendum ensures that any modifications made to previously filed UCC3 financing statements comply with the legal requirements of the Uniform Commercial Code. It provides transparency, accuracy, and a clear legal framework for secured parties, debtors, and other relevant parties involved in commercial transactions.

Eugene Oregon UCC3 financing statement amendment addendum is a legal document that allows individuals or businesses to modify or make changes to their UCC3 financing statements in Eugene, Oregon. UCC stands for the Uniform Commercial Code, which governs commercial transactions in the United States. The UCC3 financing statement originally provides information about a secured party's interest in collateral. The Eugene Oregon UCC3 financing statement amendment addendum is crucial for parties wishing to update or correct their previously filed UCC3 financing statements. It ensures that any modifications or amendments made to these statements follow the proper legal procedures and provide accurate and updated information. This addendum is used when any changes are made to the original UCC3 financing statement. Some common reasons for filing an amendment include changing the secured party's name or address, adding additional collateral to be included in the UCC3 financing statement, correcting errors in the original statement, or terminating or releasing the secured party's interest in specific collateral. Different types of Eugene Oregon UCC3 financing statement amendment addendums may include: 1. Name Change Amendment: This addendum is filed when the secured party undergoes a legal name change, typically due to a merger, acquisition, or rebranding. It ensures that the UCC3 financing statement reflects the new legal name of the secured party. 2. Address Change Amendment: Secured parties may file this addendum to update their address information, ensuring that any correspondence or notifications are sent to the correct location. 3. Collateral Addition Amendment: If a secured party wishes to include additional collateral on the UCC3 financing statement, they can file this addendum. It specifies the details of the new collateral being added, providing clarity and acting as evidence of the secured party's interest. 4. Correction Amendment: This type of addendum is used to rectify any errors or discrepancies in the original UCC3 financing statement. It may be filed to correct mistakes in the spelling of names, incorrect identification numbers, or any other incorrect information. 5. Termination or Release Amendment: When a secured party's interest in specific collateral ends, either due to repayment, end of the agreement, or other reasons, this addendum is filed to terminate or release the secured party's rights. It serves as proof that the secured party is no longer claiming any interest in the collateral mentioned. In Eugene, Oregon, the UCC3 financing statement amendment addendum ensures that any modifications made to previously filed UCC3 financing statements comply with the legal requirements of the Uniform Commercial Code. It provides transparency, accuracy, and a clear legal framework for secured parties, debtors, and other relevant parties involved in commercial transactions.