This form is an official UCC form which complies with all applicable Federal codes and statutes. USLF updates all Federal forms as is required by Federal statutes and law.
South Bend Indiana UCC3 Financing Statement Amendment Addendum is a legal document used to amend and update information on an existing UCC3 Financing Statement for secured transactions in South Bend, Indiana. A UCC3 Financing Statement is filed by creditors to establish their security interest in collateral held by their debtors. The South Bend UCC3 Financing Statement Amendment Addendum allows creditors or debtors to add, delete, or modify information on the original UCC3 Financing Statement. It ensures accuracy and completeness of the recorded information related to the security interest. This amendment addendum is crucial for maintaining up-to-date records in case of debtor name changes, collateral changes, additional collateral, or any other modifications to the original financing statement. The South Bend UCC3 Financing Statement Amendment Addendum helps protect the rights of both creditors and debtors by documenting any changes made to the original financing statement, providing clarity and avoiding potential disputes or confusion regarding the secured collateral. It ensures public notice of any changes to the security interest in compliance with the Uniform Commercial Code (UCC) guidelines. Different types of South Bend Indiana UCC3 Financing Statement Amendment Addendums may include: 1. Debtor Name Change: If the debtor changes their legal name, this addendum is used to reflect the updated name on the UCC3 Financing Statement. 2. Collateral Changes: In situations where the collateral outlined in the original financing statement needs to be modified, this addendum allows for the addition, deletion, or alteration of the collateral description to accurately represent the current assets covered under the security interest. 3. Additional Collateral: If a creditor and debtor expand their transaction and introduce new collateral to be included in the existing UCC3 Financing Statement, an addendum is filed to record these additional assets as part of the security interest. 4. Termination: In cases where the entire security interest is terminated or satisfied, a termination addendum is filed to remove the financing statement from public record, signaling the conclusion of the secured transaction. It is essential to ensure the accuracy and timely filing of the South Bend Indiana UCC3 Financing Statement Amendment Addendum to maintain the effectiveness and enforceability of the security interest, respecting the legal requirements and regulations of the state of Indiana.
