UCC1 - Financing Statement Addendum - Colorado - For use after July 1, 2001. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.
Westminster Colorado UCC1 Financing Statement Addendum is a legal document that is filed in conjunction with a UCC1 Financing Statement in the state of Colorado. UCC stands for Uniform Commercial Code, which is a standardized set of laws regulating commercial transactions in the United States. The UCC1 Financing Statement Addendum serves as an attachment to the original UCC1 Financing Statement, providing additional information and clarification about the collateral pledged by the debtor to secure a loan or other obligation. It is filed with the Colorado Secretary of State's office to notify other interested parties, such as lenders or buyers, about the status and priority of the debtor's secured interests. Keywords: Westminster Colorado, UCC1 Financing Statement, Addendum, legal document, commercial transactions, collateral, debtor, loan, obligation, Colorado Secretary of State. Different types of Westminster Colorado UCC1 Financing Statement Addendums might include: 1. Debtor Information Addendum: This specific addendum provides additional details about the debtor, such as their legal name, address, social security number, or other identifying information necessary for proper identification. 2. Secured Party Information Addendum: This addendum discloses the contact information and details of the secured party. It includes the secured party's name, address, and other pertinent information required by the UCC1 Financing Statement. 3. Collateral Description Addendum: In this addendum, a more detailed description of the collateral is provided. It may include specifics about the type of property pledged as collateral, such as inventory, equipment, vehicles, or real estate. 4. Amendment Addendum: An amendment addendum is used to modify or update the information provided in the original UCC1 Financing Statement. Changes could include adding or removing a secured party, changing debtor information, or revising the collateral description. 5. Continuation Addendum: This addendum extends the effectiveness of the original UCC1 Financing Statement beyond the initial expiration period. Continuation addendums must be filed before the expiration of the initial statement to maintain the secured party's priority. By properly completing and filing the Westminster Colorado UCC1 Financing Statement Addendum, debtors and secured parties can ensure that their rights and interests are protected and properly recorded under the Uniform Commercial Code. It is crucial to consult with legal professionals or experts in UCC regulations to ensure accurate and compliant filing.Westminster Colorado UCC1 Financing Statement Addendum is a legal document that is filed in conjunction with a UCC1 Financing Statement in the state of Colorado. UCC stands for Uniform Commercial Code, which is a standardized set of laws regulating commercial transactions in the United States. The UCC1 Financing Statement Addendum serves as an attachment to the original UCC1 Financing Statement, providing additional information and clarification about the collateral pledged by the debtor to secure a loan or other obligation. It is filed with the Colorado Secretary of State's office to notify other interested parties, such as lenders or buyers, about the status and priority of the debtor's secured interests. Keywords: Westminster Colorado, UCC1 Financing Statement, Addendum, legal document, commercial transactions, collateral, debtor, loan, obligation, Colorado Secretary of State. Different types of Westminster Colorado UCC1 Financing Statement Addendums might include: 1. Debtor Information Addendum: This specific addendum provides additional details about the debtor, such as their legal name, address, social security number, or other identifying information necessary for proper identification. 2. Secured Party Information Addendum: This addendum discloses the contact information and details of the secured party. It includes the secured party's name, address, and other pertinent information required by the UCC1 Financing Statement. 3. Collateral Description Addendum: In this addendum, a more detailed description of the collateral is provided. It may include specifics about the type of property pledged as collateral, such as inventory, equipment, vehicles, or real estate. 4. Amendment Addendum: An amendment addendum is used to modify or update the information provided in the original UCC1 Financing Statement. Changes could include adding or removing a secured party, changing debtor information, or revising the collateral description. 5. Continuation Addendum: This addendum extends the effectiveness of the original UCC1 Financing Statement beyond the initial expiration period. Continuation addendums must be filed before the expiration of the initial statement to maintain the secured party's priority. By properly completing and filing the Westminster Colorado UCC1 Financing Statement Addendum, debtors and secured parties can ensure that their rights and interests are protected and properly recorded under the Uniform Commercial Code. It is crucial to consult with legal professionals or experts in UCC regulations to ensure accurate and compliant filing.
