UCC3 - Financing Statement Amendment - Arizona - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes.
The UCC3 Financing Statement Amendment in Phoenix, Arizona is a legal process through which changes or updates can be made to an existing financing statement. This amendment is governed by the Uniform Commercial Code (UCC) — a set of laws that regulate commercial transactions in all 50 states. The UCC3 Financing Statement Amendment is vital when there is a need to modify certain information previously provided in the original financing statement. This amendment helps ensure accuracy and clarity in the public record of a debtor's secured transactions, providing protection to both creditors and debtors. There are several types of UCC3 Financing Statement Amendments that can be filed in Phoenix, Arizona. Some common types include: 1. Continuation: This amendment extends the duration of the financing statement as it approaches its expiration date, ensuring that it remains effective against other creditors or potential buyers. 2. Termination: A termination amendment is filed when a secured debt has been fully paid off or when the collateral secured by the financing statement has been sold or no longer exists. 3. Assignment: This amendment is required when there is a transfer of the secured debt from one secured party to another. It helps update the information regarding the new secured party's details. 4. Amendment of Collateral: If there is a change in the collateral covered by the financing statement, this type of amendment is filed to modify or add the details of the new collateral. 5. Name Change: When a debtor changes their legal name, a UCC3 financing statement amendment is necessary to update their information on the public record. To file a UCC3 Financing Statement Amendment in Phoenix, Arizona, relevant keywords to consider would include UCC3 financing statement, Uniform Commercial Code, secured transactions, public record, debtor, creditor, collateral, continuation amendment, termination amendment, assignment amendment, amendment of collateral, and name change amendment. Additionally, it is important to consult with legal professionals or the appropriate authorities to ensure compliance with specific requirements and process guidelines enforced in Phoenix, Arizona.The UCC3 Financing Statement Amendment in Phoenix, Arizona is a legal process through which changes or updates can be made to an existing financing statement. This amendment is governed by the Uniform Commercial Code (UCC) — a set of laws that regulate commercial transactions in all 50 states. The UCC3 Financing Statement Amendment is vital when there is a need to modify certain information previously provided in the original financing statement. This amendment helps ensure accuracy and clarity in the public record of a debtor's secured transactions, providing protection to both creditors and debtors. There are several types of UCC3 Financing Statement Amendments that can be filed in Phoenix, Arizona. Some common types include: 1. Continuation: This amendment extends the duration of the financing statement as it approaches its expiration date, ensuring that it remains effective against other creditors or potential buyers. 2. Termination: A termination amendment is filed when a secured debt has been fully paid off or when the collateral secured by the financing statement has been sold or no longer exists. 3. Assignment: This amendment is required when there is a transfer of the secured debt from one secured party to another. It helps update the information regarding the new secured party's details. 4. Amendment of Collateral: If there is a change in the collateral covered by the financing statement, this type of amendment is filed to modify or add the details of the new collateral. 5. Name Change: When a debtor changes their legal name, a UCC3 financing statement amendment is necessary to update their information on the public record. To file a UCC3 Financing Statement Amendment in Phoenix, Arizona, relevant keywords to consider would include UCC3 financing statement, Uniform Commercial Code, secured transactions, public record, debtor, creditor, collateral, continuation amendment, termination amendment, assignment amendment, amendment of collateral, and name change amendment. Additionally, it is important to consult with legal professionals or the appropriate authorities to ensure compliance with specific requirements and process guidelines enforced in Phoenix, Arizona.
