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.
Scottsdale Arizona UCC3 Financing Statement Amendment is a legal document used to modify or amend an existing financing statement filed under the Uniform Commercial Code (UCC) in Scottsdale, Arizona. This amendment assists in notifying potential creditors about changes to the original financing statement, ensuring accuracy and updated information. Keywords: Scottsdale Arizona, UCC3 Financing Statement Amendment, legal document, modify, amend, existing financing statement, Uniform Commercial Code, potential creditors, accuracy, updated information. There are various types of Scottsdale Arizona UCC3 Financing Statement Amendments that can be filed, depending on the specific changes made to the original financing statement. Some common types include: 1. Name Change Amendment: This amendment is filed when the debtor's legal name changes due to marriage, divorce, or any other reason. It updates the financing statement by reflecting the new name of the debtor. 2. Collateral Change Amendment: This amendment is filed when there is a change in the collateral listed in the original financing statement. It provides updated information regarding the collateral that the debtor has pledged as security. 3. Amendment to Add Additional Debtors: In cases where there is a need to include additional debtors to the financing statement, this type of amendment is filed. It expands the scope of the financing statement to cover the newly added debtors. 4. Amendment to Terminate or Partially Release a Financing Statement: When the debtor has paid off a portion or the entire debt, an amendment is filed to terminate or partially release the financing statement. This amendment ensures the accuracy of the public records by reflecting the updated status of the debt. 5. Amendment to Correct Errors: If there were any errors or omissions in the original financing statement, an amendment is filed to correct them. This amendment helps to rectify any inaccuracies or missing information in the original filing. Scottsdale Arizona UCC3 Financing Statement Amendments play a crucial role in maintaining the integrity and accuracy of the UCC records. It is essential for debtors, creditors, and other interested parties to file the appropriate amendment to reflect any changes accurately and provide accurate information to potential creditors.
