UCC3 - Financing Statement Amendment - Georgia - 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.
Atlanta, Georgia UCC3 Financing Statement Amendment is a legal document that modifies or updates a previously filed UCC3 Financing Statement in Atlanta, Georgia. UCC3 financing statements are commonly used in commercial transactions to establish and protect a secured party's interest in personal property collateral. The Atlanta Georgia UCC3 Financing Statement Amendment is typically filed with the Secretary of State's office or the appropriate agency responsible for recording UCC filings. It is important to note that each state may have its own specific rules and requirements for filing the UCC3 Financing Statement Amendment. This amendment serves several purposes, including making changes to the original financing statement, correcting errors or omissions, and providing additional information that may be necessary to perfect or maintain the perfection of a security interest. It ensures that the public record accurately reflects any changes or updates related to the secured party's interest in the collateral. Keywords for this topic include Atlanta Georgia, UCC3, Financing Statement Amendment, secured party, personal property collateral, legal document, Secretary of State, UCC filings, perfection, commercial transactions. In Atlanta, Georgia, there are different types of UCC3 Financing Statement Amendments that can be filed, including: 1. Amendment to Add Secured Party or Assignee: This type of amendment is filed when a new secured party or assignee needs to be added to the existing UCC3 Financing Statement. It typically includes information about the new party's name, address, and contact details. 2. Amendment to Terminate Secured Party's Interest: This amendment is filed when the secured party's interest in the collateral is no longer in effect. It may be due to the satisfaction of the underlying debt or the release of the collateral. This type of amendment provides notice to interested parties that the secured party's interest has been terminated. 3. Amendment to Correct Errors or Omissions: Sometimes, mistakes or omissions occur when filing the original UCC3 Financing Statement. In such cases, an amendment is filed to correct these errors or provide the missing information. This ensures that the public record is accurate and up to date. 4. Amendment to Change Collateral Description: If there is a need to modify or update the description of the collateral listed in the original financing statement, this type of amendment is filed. It provides clarity and precision regarding the assets subject to the security interest. 5. Amendment to Extend Lien Priority: When a secured party wants to continue their priority position over the collateral beyond the initial filing period, an amendment to extend the lien priority can be filed. This amendment is typically filed before the expiration of the initial financing statement. In conclusion, the Atlanta Georgia UCC3 Financing Statement Amendment plays a crucial role in updating, correcting, or modifying the original UCC3 Financing Statement. It ensures that the public record accurately reflects any changes or updates related to a secured party's interest in personal property collateral. Understanding the different types of amendments helps parties involved in commercial transactions comply with the relevant regulations and protect their interests effectively.Atlanta, Georgia UCC3 Financing Statement Amendment is a legal document that modifies or updates a previously filed UCC3 Financing Statement in Atlanta, Georgia. UCC3 financing statements are commonly used in commercial transactions to establish and protect a secured party's interest in personal property collateral. The Atlanta Georgia UCC3 Financing Statement Amendment is typically filed with the Secretary of State's office or the appropriate agency responsible for recording UCC filings. It is important to note that each state may have its own specific rules and requirements for filing the UCC3 Financing Statement Amendment. This amendment serves several purposes, including making changes to the original financing statement, correcting errors or omissions, and providing additional information that may be necessary to perfect or maintain the perfection of a security interest. It ensures that the public record accurately reflects any changes or updates related to the secured party's interest in the collateral. Keywords for this topic include Atlanta Georgia, UCC3, Financing Statement Amendment, secured party, personal property collateral, legal document, Secretary of State, UCC filings, perfection, commercial transactions. In Atlanta, Georgia, there are different types of UCC3 Financing Statement Amendments that can be filed, including: 1. Amendment to Add Secured Party or Assignee: This type of amendment is filed when a new secured party or assignee needs to be added to the existing UCC3 Financing Statement. It typically includes information about the new party's name, address, and contact details. 2. Amendment to Terminate Secured Party's Interest: This amendment is filed when the secured party's interest in the collateral is no longer in effect. It may be due to the satisfaction of the underlying debt or the release of the collateral. This type of amendment provides notice to interested parties that the secured party's interest has been terminated. 3. Amendment to Correct Errors or Omissions: Sometimes, mistakes or omissions occur when filing the original UCC3 Financing Statement. In such cases, an amendment is filed to correct these errors or provide the missing information. This ensures that the public record is accurate and up to date. 4. Amendment to Change Collateral Description: If there is a need to modify or update the description of the collateral listed in the original financing statement, this type of amendment is filed. It provides clarity and precision regarding the assets subject to the security interest. 5. Amendment to Extend Lien Priority: When a secured party wants to continue their priority position over the collateral beyond the initial filing period, an amendment to extend the lien priority can be filed. This amendment is typically filed before the expiration of the initial financing statement. In conclusion, the Atlanta Georgia UCC3 Financing Statement Amendment plays a crucial role in updating, correcting, or modifying the original UCC3 Financing Statement. It ensures that the public record accurately reflects any changes or updates related to a secured party's interest in personal property collateral. Understanding the different types of amendments helps parties involved in commercial transactions comply with the relevant regulations and protect their interests effectively.
