The Louisiana UCC-3 Financing Statement Amendment(National Version) is a legal document used to modify the terms of an existing UCC (Uniform Commercial Code) financing statement. This document is specific to the state of Louisiana, and can be used to add or delete collateral, modify the debtor's address, or update the name of the secured party. There are two main types of Louisiana UCC-3 Financing Statement Amendment (National Version): 1. Addition of Collateral: This amendment is used to add additional collateral to an existing UCC financing statement. This could include the addition of new property, such as equipment, inventory, or accounts receivable. 2. Amendment of Debtor's Address: This amendment is used to update the debtor's address on an existing UCC financing statement. This could include a change of address, the addition of a new address, or a change in the debtor's name or legal status. The Louisiana UCC-3 Financing Statement Amendment (National Version) must be completed and filed with the Secretary of State's office in Louisiana in order for it to be legally binding. The filing fee is $50.
Louisiana UCC-3 Financing Statement Amendment(National Version)
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How to fill out Louisiana UCC-3 Financing Statement Amendment(National Version)?
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FAQ
You typically record a UCC statement in the appropriate state office, such as the Secretary of State's office, where the debtor is located. For Louisiana, this means filing the Louisiana UCC-3 Financing Statement Amendment (National Version) in the correct jurisdiction to protect your security interests. Recording ensures that your claims are publicly accessible and legally enforceable.
UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party. For example, they can be used to change the name or the address.
The LSLI did not recommend the adoption of U.C.C. articles 2 (Sales) and 9 (Secured Transactions) because those provisions would have had ?an undesirable impact upon the important areas of Louisiana civilian heritage? governing sales contracts and security rights.
Every U.S. state and the District of Columbia have adopted at least part of the UCC (though it has not been adopted as federal law). Each jurisdiction, however, may make its own modifications (Louisiana has never adopted Article 2), and may organize its version of the UCC differently.
UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor's address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State's website.
In January of 1990, Louisiana adopted the Uniform Commercial Code.
All states have adopted and adapted the entire UCC, with the exception of Louisiana, which only adopted parts of it.
A request for a certified search of the UCC records must be submitted in writing to one of the Clerk of Court offices. The fee for the search is $30 per debtor name. The Secretary of State offers subscriptions to the UCC database for an annual fee of $400. The fee allows the subscriber unlimited usage.
