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Kentucky UCC Financing Statement Amendment

Category:
Kentucky Secretary of State - Uniform Commercial Code
State:
Kentucky
Control #:
KY-SKU-0923
Format:
PDF
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Description

UCC Financing Statement Amendment The Kentucky UCC Financing Statement Amendment is a legal document that amends an existing security agreement in the form of a financing statement. It is used by lien holders to update or correct information contained in a financing statement for secured transactions governed by the Uniform Commercial Code (UCC). This amendment must be filed with the Kentucky Secretary of State’s Office in order to be effective. There are two types of Kentucky UCC Financing Statement Amendment: a short form amendment and a long form amendment. The short form amendment can be used to make any of the following changes: change the name or address of the debtor, add or delete collateral, or correct a typographical error. The long form amendment can be used to make any of the following changes: change the name or address of the secured party, change the name or address of the debtor, add or delete collateral, modify the terms of the security agreement, or correct a typographical error.

The Kentucky UCC Financing Statement Amendment is a legal document that amends an existing security agreement in the form of a financing statement. It is used by lien holders to update or correct information contained in a financing statement for secured transactions governed by the Uniform Commercial Code (UCC). This amendment must be filed with the Kentucky Secretary of State’s Office in order to be effective. There are two types of Kentucky UCC Financing Statement Amendment: a short form amendment and a long form amendment. The short form amendment can be used to make any of the following changes: change the name or address of the debtor, add or delete collateral, or correct a typographical error. The long form amendment can be used to make any of the following changes: change the name or address of the secured party, change the name or address of the debtor, add or delete collateral, modify the terms of the security agreement, or correct a typographical error.

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