UCC3 - Financing Statement Amendment - Wisconsin - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes.
Title: Understanding Green Bay Wisconsin UCC3 Financing Statement Amendment and Its Types Introduction: Green Bay, Wisconsin UCC3 Financing Statement Amendment refers to a legal process employed to modify or update an existing Uniform Commercial Code (UCC) financing statement filed in Green Bay, Wisconsin. This amendment ensures the accuracy and completeness of secured transactions involving personal property. Let's delve into the details, types, and procedures associated with Green Bay Wisconsin UCC3 Financing Statement Amendment. Keywords: Green Bay, Wisconsin, UCC3 Financing Statement Amendment, legal process, modify, update, Uniform Commercial Code, accuracy, completeness, secured transactions, personal property. 1. Green Bay Wisconsin UCC3 Financing Statement Amendment Overview: The Green Bay Wisconsin UCC3 Financing Statement Amendment is a legal instrument utilized to adjust, correct, or supplement information within an initial UCC3 financing statement filed with the Wisconsin Secretary of State. This amendment ensures that secured parties, debtors, and buyers have accurate and up-to-date information for making informed financial decisions. Keywords: legal instrument, adjust, correct, supplement, information, initial UCC3 financing statement, Wisconsin Secretary of State, secure parties, debtors, buyers, financial decisions. 2. Types of Green Bay Wisconsin UCC3 Financing Statement Amendment: a) Corrective Amendment: When an error or inaccuracy is identified in the original UCC3 financing statement, a corrective amendment is filed to rectify the mistake. It updates information such as debtor's name, address, collateral description, or any other erroneous data. Keywords: corrective amendment, error, inaccuracy, original UCC3 financing statement, rectify, mistake, debtor's name, address, collateral description, erroneous data. b) Amendment to Add Collateral: This type of UCC3 financing statement amendment is filed when additional collateral needs to be added to the existing financing statement. It ensures that the secured party's interest extends to the newly added collateral. Keywords: amendment to add collateral, additional collateral, existing financing statement, secured party's interest, newly added collateral. c) Amendment to Terminate or Release: In case a secured party no longer has an interest in the collateral or when the debt is fully paid off, an amendment to terminate or release the UCC3 financing statement is filed. This amendment helps remove the secured party's claim on the collateral. Keywords: amendment to terminate, release, secured party, interest, collateral, debt, fully paid off, claim. 3. Procedure for Filing Green Bay Wisconsin UCC3 Financing Statement Amendment: a) Gather Required Information: Collect accurate details about the initial UCC3 financing statement, such as file number, debtor's name, secured party's information, and the specific amendment type. Keywords: gather information, required information, UCC3 financing statement, file number, debtor's name, secured party's information, amendment type. b) Prepare the Amendment Form: Using the correct UCC3 Amendment form, provide all the necessary information as per the type of amendment required. Ensure accuracy and precision while completing the form. Keywords: prepare amendment form, correct UCC3 Amendment form, necessary information, type of amendment, accuracy, precision. c) Submit the Amendment Form: File the completed UCC3 financing statement amendment form with the Wisconsin Secretary of State. Pay the required filing fee and retain a copy of the filed amendment for future references. Keywords: submit amendment form, file, completed UCC3 financing statement amendment form, Wisconsin Secretary of State, filing fee, retain copy, future references. Conclusion: Understanding Green Bay Wisconsin UCC3 Financing Statement Amendment is crucial for secured parties, debtors, and buyers involved in secured transactions. These amendments play a crucial role in rectifying errors, adding collateral, or terminating a party's claim on the collateral. By following the prescribed procedures, individuals and businesses can ensure the accuracy and completeness of their UCC3 financing statements. Keywords: Green Bay, Wisconsin, UCC3 Financing Statement Amendment, secured parties, debtors, buyers, errors, collateral, termination, procedures, accuracy, completeness.Title: Understanding Green Bay Wisconsin UCC3 Financing Statement Amendment and Its Types Introduction: Green Bay, Wisconsin UCC3 Financing Statement Amendment refers to a legal process employed to modify or update an existing Uniform Commercial Code (UCC) financing statement filed in Green Bay, Wisconsin. This amendment ensures the accuracy and completeness of secured transactions involving personal property. Let's delve into the details, types, and procedures associated with Green Bay Wisconsin UCC3 Financing Statement Amendment. Keywords: Green Bay, Wisconsin, UCC3 Financing Statement Amendment, legal process, modify, update, Uniform Commercial Code, accuracy, completeness, secured transactions, personal property. 1. Green Bay Wisconsin UCC3 Financing Statement Amendment Overview: The Green Bay Wisconsin UCC3 Financing Statement Amendment is a legal instrument utilized to adjust, correct, or supplement information within an initial UCC3 financing statement filed with the Wisconsin Secretary of State. This amendment ensures that secured parties, debtors, and buyers have accurate and up-to-date information for making informed financial decisions. Keywords: legal instrument, adjust, correct, supplement, information, initial UCC3 financing statement, Wisconsin Secretary of State, secure parties, debtors, buyers, financial decisions. 2. Types of Green Bay Wisconsin UCC3 Financing Statement Amendment: a) Corrective Amendment: When an error or inaccuracy is identified in the original UCC3 financing statement, a corrective amendment is filed to rectify the mistake. It updates information such as debtor's name, address, collateral description, or any other erroneous data. Keywords: corrective amendment, error, inaccuracy, original UCC3 financing statement, rectify, mistake, debtor's name, address, collateral description, erroneous data. b) Amendment to Add Collateral: This type of UCC3 financing statement amendment is filed when additional collateral needs to be added to the existing financing statement. It ensures that the secured party's interest extends to the newly added collateral. Keywords: amendment to add collateral, additional collateral, existing financing statement, secured party's interest, newly added collateral. c) Amendment to Terminate or Release: In case a secured party no longer has an interest in the collateral or when the debt is fully paid off, an amendment to terminate or release the UCC3 financing statement is filed. This amendment helps remove the secured party's claim on the collateral. Keywords: amendment to terminate, release, secured party, interest, collateral, debt, fully paid off, claim. 3. Procedure for Filing Green Bay Wisconsin UCC3 Financing Statement Amendment: a) Gather Required Information: Collect accurate details about the initial UCC3 financing statement, such as file number, debtor's name, secured party's information, and the specific amendment type. Keywords: gather information, required information, UCC3 financing statement, file number, debtor's name, secured party's information, amendment type. b) Prepare the Amendment Form: Using the correct UCC3 Amendment form, provide all the necessary information as per the type of amendment required. Ensure accuracy and precision while completing the form. Keywords: prepare amendment form, correct UCC3 Amendment form, necessary information, type of amendment, accuracy, precision. c) Submit the Amendment Form: File the completed UCC3 financing statement amendment form with the Wisconsin Secretary of State. Pay the required filing fee and retain a copy of the filed amendment for future references. Keywords: submit amendment form, file, completed UCC3 financing statement amendment form, Wisconsin Secretary of State, filing fee, retain copy, future references. Conclusion: Understanding Green Bay Wisconsin UCC3 Financing Statement Amendment is crucial for secured parties, debtors, and buyers involved in secured transactions. These amendments play a crucial role in rectifying errors, adding collateral, or terminating a party's claim on the collateral. By following the prescribed procedures, individuals and businesses can ensure the accuracy and completeness of their UCC3 financing statements. Keywords: Green Bay, Wisconsin, UCC3 Financing Statement Amendment, secured parties, debtors, buyers, errors, collateral, termination, procedures, accuracy, completeness.
