UCC1 - Financing Statement Addendum - Iowa - 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.
The Davenport, Iowa UCC1 Financing Statement Addendum is a vital document that is filed in conjunction with the UCC1 Financing Statement. It provides additional information and details about the original financing statement, allowing interested parties to have a more comprehensive understanding of the underlying transaction. This addendum allows individuals and entities to provide supplementary information that may not fit within the confines of the initial financing statement or may have changed since its filing. The addendum clarifies and expands on the original statement, ensuring that all pertinent information is adequately disclosed and accessible. Keywords: Davenport, Iowa, UCC1 Financing Statement Addendum, additional information, supplementary information, original financing statement, underlying transaction, comprehensive understanding, supplementary details, changed information, disclosed information. Types of Davenport, Iowa UCC1 Financing Statement Addendum: 1. Amendment Addendum: This type of addendum is filed when there is a need to modify or amend the information provided in the original financing statement. It may involve correcting errors, updating collateral details, adding or removing secured parties, or revising any other relevant information. 2. Continuation Addendum: A continuation addendum is used when there is a need to extend the duration of the original financing statement. UCC1 financing statements typically expire after a specified period, and if a secured party wishes to maintain their security interest, they must file a continuation addendum before the expiration date. 3. Termination Addendum: When a secured party wishes to terminate their security interest, they file a termination addendum. This addendum acts as evidence that the security interest has been released, enabling potential creditors and interested parties to have accurate information about the status of the financing statement. These different types of addenda ensure that the Davenport, Iowa UCC1 Financing Statement stays up-to-date, reflecting any changes or updates to the original filing. They play a crucial role in maintaining the accuracy and validity of the financing statement throughout the lifecycle of the associated transaction. Keywords: Amendment Addendum, modification, amend, errors, update collateral, secured parties, Continuation Addendum, expiration date, extend duration, Termination Addendum, release security interest, accurate information, up-to-date, changes, updates, validity, associated transaction.The Davenport, Iowa UCC1 Financing Statement Addendum is a vital document that is filed in conjunction with the UCC1 Financing Statement. It provides additional information and details about the original financing statement, allowing interested parties to have a more comprehensive understanding of the underlying transaction. This addendum allows individuals and entities to provide supplementary information that may not fit within the confines of the initial financing statement or may have changed since its filing. The addendum clarifies and expands on the original statement, ensuring that all pertinent information is adequately disclosed and accessible. Keywords: Davenport, Iowa, UCC1 Financing Statement Addendum, additional information, supplementary information, original financing statement, underlying transaction, comprehensive understanding, supplementary details, changed information, disclosed information. Types of Davenport, Iowa UCC1 Financing Statement Addendum: 1. Amendment Addendum: This type of addendum is filed when there is a need to modify or amend the information provided in the original financing statement. It may involve correcting errors, updating collateral details, adding or removing secured parties, or revising any other relevant information. 2. Continuation Addendum: A continuation addendum is used when there is a need to extend the duration of the original financing statement. UCC1 financing statements typically expire after a specified period, and if a secured party wishes to maintain their security interest, they must file a continuation addendum before the expiration date. 3. Termination Addendum: When a secured party wishes to terminate their security interest, they file a termination addendum. This addendum acts as evidence that the security interest has been released, enabling potential creditors and interested parties to have accurate information about the status of the financing statement. These different types of addenda ensure that the Davenport, Iowa UCC1 Financing Statement stays up-to-date, reflecting any changes or updates to the original filing. They play a crucial role in maintaining the accuracy and validity of the financing statement throughout the lifecycle of the associated transaction. Keywords: Amendment Addendum, modification, amend, errors, update collateral, secured parties, Continuation Addendum, expiration date, extend duration, Termination Addendum, release security interest, accurate information, up-to-date, changes, updates, validity, associated transaction.
