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 Lima Arizona UCC1 Financing Statement Addendum is an important legal document used in relation to the Uniform Commercial Code (UCC) regulations in the state of Arizona. It serves as an addendum or supplement to the main UCC1 Financing Statement, providing additional information and details regarding the secured transaction. This document is crucial for both lenders and borrowers involved in financial transactions. The Lima Arizona UCC1 Financing Statement Addendum includes various key elements essential for accurately documenting and disclosing information related to secured transactions. These elements may vary based on the type of transaction and the parties involved. However, some common keywords and concepts associated with this addendum are: 1. Debtor Information: The addendum requires the complete and accurate identification of the debtor, including their legal name, address, and any relevant organizational details. This information helps ensure the security interest is properly attached and perfected. 2. Secured Party Information: The document also requires the identification of the secured party or parties involved in the transaction. This includes their legal name, address, and contact details. It is crucial for establishing the rights and interests of the secured party in the collateral. 3. Collateral Description: The Lima Arizona UCC1 Financing Statement Addendum necessitates a detailed description of the collateral being used to secure the transaction. This description should be specific and comprehensive, identifying the collateral's type, quantity, model numbers (if applicable), and any other relevant details. 4. Additional Terms: Depending on the unique circumstances of the transaction, the addendum may include any additional terms or provisions agreed upon by the parties involved. These terms could cover matters such as repayment terms, interest rates, penalties, or any other relevant conditions. 5. Real Property Collateral: In cases where the collateral includes real property, the addendum may require additional information such as a legal property description, recording details, or mortgage information. 6. Multiple Debtor or Secured Party: If there are multiple debtors or secured parties involved in the transaction, the addendum will include provisions to state the order in which the names should be filed or how the interests are shared. While the Lima Arizona UCC1 Financing Statement Addendum remains the primary version, it is essential to note that there may be specific variations or other types of UCC1 addendum forms based on different counties or jurisdictions within Arizona. These variations can be named after the respective county or jurisdiction, such as Maricopa Arizona UCC1 Financing Statement Addendum, Cochise Arizona UCC1 Financing Statement Addendum, or Mohave Arizona UCC1 Financing Statement Addendum. It is crucial to consult the specific requirements of the relevant county or jurisdiction to ensure compliance and accuracy in filing these addendums.The Lima Arizona UCC1 Financing Statement Addendum is an important legal document used in relation to the Uniform Commercial Code (UCC) regulations in the state of Arizona. It serves as an addendum or supplement to the main UCC1 Financing Statement, providing additional information and details regarding the secured transaction. This document is crucial for both lenders and borrowers involved in financial transactions. The Lima Arizona UCC1 Financing Statement Addendum includes various key elements essential for accurately documenting and disclosing information related to secured transactions. These elements may vary based on the type of transaction and the parties involved. However, some common keywords and concepts associated with this addendum are: 1. Debtor Information: The addendum requires the complete and accurate identification of the debtor, including their legal name, address, and any relevant organizational details. This information helps ensure the security interest is properly attached and perfected. 2. Secured Party Information: The document also requires the identification of the secured party or parties involved in the transaction. This includes their legal name, address, and contact details. It is crucial for establishing the rights and interests of the secured party in the collateral. 3. Collateral Description: The Lima Arizona UCC1 Financing Statement Addendum necessitates a detailed description of the collateral being used to secure the transaction. This description should be specific and comprehensive, identifying the collateral's type, quantity, model numbers (if applicable), and any other relevant details. 4. Additional Terms: Depending on the unique circumstances of the transaction, the addendum may include any additional terms or provisions agreed upon by the parties involved. These terms could cover matters such as repayment terms, interest rates, penalties, or any other relevant conditions. 5. Real Property Collateral: In cases where the collateral includes real property, the addendum may require additional information such as a legal property description, recording details, or mortgage information. 6. Multiple Debtor or Secured Party: If there are multiple debtors or secured parties involved in the transaction, the addendum will include provisions to state the order in which the names should be filed or how the interests are shared. While the Lima Arizona UCC1 Financing Statement Addendum remains the primary version, it is essential to note that there may be specific variations or other types of UCC1 addendum forms based on different counties or jurisdictions within Arizona. These variations can be named after the respective county or jurisdiction, such as Maricopa Arizona UCC1 Financing Statement Addendum, Cochise Arizona UCC1 Financing Statement Addendum, or Mohave Arizona UCC1 Financing Statement Addendum. It is crucial to consult the specific requirements of the relevant county or jurisdiction to ensure compliance and accuracy in filing these addendums.
