The South Carolina UCC-5 Correction Statement is a document used to correct any errors in a previously filed UCC-1 Financing Statement. The South Carolina UCC-5 Correction Statement is filed with the South Carolina Secretary of State. The South Carolina UCC-5 Correction Statement is used to correct any errors in the name of the debtor, the name of the secured party, or the description of the collateral. It can also be used to add or remove collateral, or to indicate an amendment or termination of the UCC-1 Financing Statement. There are two types of South Carolina UCC-5 Correction Statement. The first is a “Continuation” statement, which is used to correct or supplement an existing UCC-1 Financing Statement. The second is an “Amendment” statement, which is used to amend or terminate an existing UCC-1 Financing Statement.
The South Carolina UCC-5 Correction Statement is a document used to correct any errors in a previously filed UCC-1 Financing Statement. The South Carolina UCC-5 Correction Statement is filed with the South Carolina Secretary of State. The South Carolina UCC-5 Correction Statement is used to correct any errors in the name of the debtor, the name of the secured party, or the description of the collateral. It can also be used to add or remove collateral, or to indicate an amendment or termination of the UCC-1 Financing Statement. There are two types of South Carolina UCC-5 Correction Statement. The first is a “Continuation” statement, which is used to correct or supplement an existing UCC-1 Financing Statement. The second is an “Amendment” statement, which is used to amend or terminate an existing UCC-1 Financing Statement.