UCC1 - Financing Statement Addendum - Arizona - For use after July 1, 2001This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.
The Phoenix Arizona UCC1 Financing Statement Addendum is a legal document that serves as an add-on to the UCC1 Financing Statement, specifically in the context of Phoenix, Arizona. The addendum contains additional information that may be necessary to provide a more detailed understanding of the financing arrangement between parties involved in a transaction. The purpose of the Phoenix Arizona UCC1 Financing Statement Addendum is to supplement and clarify the information contained in the original UCC1 Financing Statement. It helps to ensure that all relevant details of a secured transaction are disclosed and properly recorded to protect the interests of the parties involved. Some relevant keywords associated with the Phoenix Arizona UCC1 Financing Statement Addendum include: 1. UCC1 Financing Statement: The primary document that establishes a creditor's security interest in a debtor's collateral. 2. Collateral: Assets or property that are used as security for a loan or debt. 3. Secured Transaction: A transaction in which a borrower pledges an asset as collateral for a loan, providing the lender with a security interest in that asset. 4. Addendum: An additional document attached to a primary agreement to provide supplemental information or modify certain terms. 5. Disclosure: The act of making relevant information known and provided to parties involved in a transaction or legal process. Different types of Phoenix Arizona UCC1 Financing Statement Addendum may exist depending on the specific details of the financing arrangement. These variations could include: 1. Amended UCC1 Financing Statement Addendum: This type of addendum is used when changes or modifications need to be made to the original UCC1 Financing Statement. 2. Continuation UCC1 Financing Statement Addendum: If the original UCC1 Financing Statement has a specified end date, but the financing arrangement is to be extended, a continuation addendum is used to renew the effectiveness of the UCC1 filing. 3. Termination UCC1 Financing Statement Addendum: This addendum is filed when the secured obligation is fully discharged, indicating the termination of the security interest. Overall, the Phoenix Arizona UCC1 Financing Statement Addendum is an important legal document that provides supplementary information and clarification to the UCC1 Financing Statement. It adds an extra layer of detail and helps ensure that all parties involved have a comprehensive understanding of the secured transaction.
