UCC3 - Financing Statement Amendment Addendum - Arizona - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
The Lima Arizona UCC3 Financing Statement Amendment Addendum is a legal document used to modify or rectify the information provided in a previously filed UCC3 Financing Statement. This addendum serves as an attachment to the original statement and ensures that the changes made are properly recorded. It is an essential component in the Uniform Commercial Code (UCC) process, which regulates transactions involving secured interests in personal property. The Lima Arizona UCC3 Financing Statement Amendment Addendum allows for corrections, updates, or amendments to be made to the original financing statement. It enables both debtors and creditors to modify certain details such as debtor's name, address, collateral descriptions, or any other pertinent information that requires revision. This addendum is immensely important as it ensures accurate and up-to-date information is recorded, eliminating potential disputes or conflicts in the future. By properly filing this amendment with the relevant authorities, a party can protect their security interest in the collateral involved in the transaction. In Lima, Arizona, there are a few different types of UCC3 Financing Statement Amendment Addendums, including: 1. Debtor Name Change — This type of addendum is used when a debtor's legal name has changed due to marriage, divorce, or any other reason. It updates the original financing statement to reflect the new name of the debtor. 2. Collateral Description Amendment — This addendum is utilized when there is a need to modify the original description of the collateral involved in the transaction. It might be necessary in cases where additional collateral is added, or existing collateral details need to be revised or clarified. 3. Address Update — If the debtor has changed their address, this addendum helps to update it in the original financing statement. 4. Termination Amendment — This type of addendum is used when there is a requirement to terminate or release the security interest previously filed. It helps to acknowledge the conclusion of the transaction and removes any future claim on the collateral. All these different types of Lima Arizona UCC3 Financing Statement Amendment Addendums are crucial for maintaining accurate and reliable information in the UCC records. Adhering to the UCC regulations and filing the appropriate addendum guarantees the parties involved transparency and legal protection regarding the secured interests in personal property.The Lima Arizona UCC3 Financing Statement Amendment Addendum is a legal document used to modify or rectify the information provided in a previously filed UCC3 Financing Statement. This addendum serves as an attachment to the original statement and ensures that the changes made are properly recorded. It is an essential component in the Uniform Commercial Code (UCC) process, which regulates transactions involving secured interests in personal property. The Lima Arizona UCC3 Financing Statement Amendment Addendum allows for corrections, updates, or amendments to be made to the original financing statement. It enables both debtors and creditors to modify certain details such as debtor's name, address, collateral descriptions, or any other pertinent information that requires revision. This addendum is immensely important as it ensures accurate and up-to-date information is recorded, eliminating potential disputes or conflicts in the future. By properly filing this amendment with the relevant authorities, a party can protect their security interest in the collateral involved in the transaction. In Lima, Arizona, there are a few different types of UCC3 Financing Statement Amendment Addendums, including: 1. Debtor Name Change — This type of addendum is used when a debtor's legal name has changed due to marriage, divorce, or any other reason. It updates the original financing statement to reflect the new name of the debtor. 2. Collateral Description Amendment — This addendum is utilized when there is a need to modify the original description of the collateral involved in the transaction. It might be necessary in cases where additional collateral is added, or existing collateral details need to be revised or clarified. 3. Address Update — If the debtor has changed their address, this addendum helps to update it in the original financing statement. 4. Termination Amendment — This type of addendum is used when there is a requirement to terminate or release the security interest previously filed. It helps to acknowledge the conclusion of the transaction and removes any future claim on the collateral. All these different types of Lima Arizona UCC3 Financing Statement Amendment Addendums are crucial for maintaining accurate and reliable information in the UCC records. Adhering to the UCC regulations and filing the appropriate addendum guarantees the parties involved transparency and legal protection regarding the secured interests in personal property.
