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.
Fulton Georgia UCC3 Financing Statement Amendment is a legal document filed to modify or update a previously submitted UCC (Uniform Commercial Code) financing statement related to specific property or collateral. UCC3 Financing Statement Amendments are necessary when there are changes in the original UCC statement, such as a debtor's name change, correction of errors, adding additional collateral, or extending the validity period. Keywords: Fulton Georgia, UCC3, Financing Statement Amendment, legal document, modify, update, UCC financing statement, property, collateral, debtor's name change, correction of errors, additional collateral, validity period. Types of Fulton Georgia UCC3 Financing Statement Amendments: 1. Debtor Name Change Amendment: This type of amendment is filed when a debtor's name has been legally changed. It updates the UCC financing statement to reflect the new name accurately, ensuring the statement remains valid and enforceable. 2. Error Correction Amendment: If any errors or inaccuracies are identified in the original UCC3 Financing Statement, an amendment is filed to correct these mistakes. It might include fixing misspelled names, incorrect identification numbers, or erroneous collateral descriptions. 3. Additional Collateral Amendment: In case additional assets or collateral are acquired or added to the existing UCC financing statement, an amendment is submitted to include these new assets. By doing so, the lender ensures that the expanded collateral is protected under the UCC filing. 4. Extension of Validity Amendment: UCC3 Financing Statements have an expiration date. However, if the secured party wishes to extend the original filing's validity period, an amendment is filed to prolong the duration. This amendment avoids the need for refiling and ensures the required protections are retained. 5. Termination Amendment: When a debtor has fulfilled their obligations or the reason for the original UCC filing ceases to exist, a termination amendment is filed to cancel the UCC3 Financing Statement. This amendment removes any encumbrances associated with the statement, signaling the completion of the secured transaction. Fulton Georgia UCC3 Financing Statement Amendments play a crucial role in maintaining accurate and up-to-date UCC filings. They ensure that any changes in the debtor's information, assets, or the validity period are properly documented, protecting both the debtor and the secured party's interests.Fulton Georgia UCC3 Financing Statement Amendment is a legal document filed to modify or update a previously submitted UCC (Uniform Commercial Code) financing statement related to specific property or collateral. UCC3 Financing Statement Amendments are necessary when there are changes in the original UCC statement, such as a debtor's name change, correction of errors, adding additional collateral, or extending the validity period. Keywords: Fulton Georgia, UCC3, Financing Statement Amendment, legal document, modify, update, UCC financing statement, property, collateral, debtor's name change, correction of errors, additional collateral, validity period. Types of Fulton Georgia UCC3 Financing Statement Amendments: 1. Debtor Name Change Amendment: This type of amendment is filed when a debtor's name has been legally changed. It updates the UCC financing statement to reflect the new name accurately, ensuring the statement remains valid and enforceable. 2. Error Correction Amendment: If any errors or inaccuracies are identified in the original UCC3 Financing Statement, an amendment is filed to correct these mistakes. It might include fixing misspelled names, incorrect identification numbers, or erroneous collateral descriptions. 3. Additional Collateral Amendment: In case additional assets or collateral are acquired or added to the existing UCC financing statement, an amendment is submitted to include these new assets. By doing so, the lender ensures that the expanded collateral is protected under the UCC filing. 4. Extension of Validity Amendment: UCC3 Financing Statements have an expiration date. However, if the secured party wishes to extend the original filing's validity period, an amendment is filed to prolong the duration. This amendment avoids the need for refiling and ensures the required protections are retained. 5. Termination Amendment: When a debtor has fulfilled their obligations or the reason for the original UCC filing ceases to exist, a termination amendment is filed to cancel the UCC3 Financing Statement. This amendment removes any encumbrances associated with the statement, signaling the completion of the secured transaction. Fulton Georgia UCC3 Financing Statement Amendments play a crucial role in maintaining accurate and up-to-date UCC filings. They ensure that any changes in the debtor's information, assets, or the validity period are properly documented, protecting both the debtor and the secured party's interests.
