Wayne Michigan UCC3 Financing Statement Amendment

• Category: Michigan Secretary of State - Uniform Commercial Code
• State: Michigan
• County: Wayne
• Control #: MI-UCC3
• Format: PDF

Description

UCC3 - Financing Statement Amendment - Michigan - 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. Wayne Michigan UCC3 Financing Statement Amendment is a legal document that allows individuals and organizations to make changes or updates to their existing UCC3 financing statement filed in Wayne County, Michigan. UCC3 refers to the Uniform Commercial Code (UCC) financing statement, which provides vital information about a secured transaction between a debtor and a secured party. The Wayne Michigan UCC3 Financing Statement Amendment serves as a tool for modifying crucial details in the original financing statement, such as debtor information, collateral description, or secured party details. It ensures accuracy and completeness in recording essential information related to the transaction. The amendment is typically filed with the Michigan Secretary of State's office or the appropriate county clerk's office where the initial UCC3 financing statement was filed. Key information required for a Wayne Michigan UCC3 Financing Statement Amendment includes: 1. Debtor Information: The amendment should include the correct legal name, address, and identification number of the debtor. 2. Secured Party Information: Any changes concerning the secured party, including their name, address, or assignment, should be clearly stated in the amendment. 3. Collateral Description: If there are changes to the collateral description, such as modifications, additions, or deletions, they need to be accurately documented in the amendment. Different types of Wayne Michigan UCC3 Financing Statement Amendments may include: 1. Name Change Amendment: This type of amendment is filed when the debtor or secured party's name has changed due to marriage, divorce, or other legal reasons. 2. Assignment Amendment: When a secured party transfers their interest or assigns their rights to another individual or entity, an assignment amendment is utilized to reflect the change. 3. Collateral Modification Amendment: If there have been changes to the collateral description, such as adding additional assets or removing previously listed ones, a collateral modification amendment is filed. 4. Termination Amendment: In cases where the secured debt has been paid off or the transaction is complete, a termination amendment is filed to officially release the financing statement. It is essential to ensure the accuracy and completeness of the Wayne Michigan UCC3 Financing Statement Amendment to avoid potential legal complications or disputes. Seeking legal counsel or assistance from a professional document preparation service is advisable when preparing and filing these amendments to ensure compliance with the Uniform Commercial Code and applicable state regulations.

Wayne Michigan UCC3 Financing Statement Amendment is a legal document that allows individuals and organizations to make changes or updates to their existing UCC3 financing statement filed in Wayne County, Michigan. UCC3 refers to the Uniform Commercial Code (UCC) financing statement, which provides vital information about a secured transaction between a debtor and a secured party. The Wayne Michigan UCC3 Financing Statement Amendment serves as a tool for modifying crucial details in the original financing statement, such as debtor information, collateral description, or secured party details. It ensures accuracy and completeness in recording essential information related to the transaction. The amendment is typically filed with the Michigan Secretary of State's office or the appropriate county clerk's office where the initial UCC3 financing statement was filed. Key information required for a Wayne Michigan UCC3 Financing Statement Amendment includes: 1. Debtor Information: The amendment should include the correct legal name, address, and identification number of the debtor. 2. Secured Party Information: Any changes concerning the secured party, including their name, address, or assignment, should be clearly stated in the amendment. 3. Collateral Description: If there are changes to the collateral description, such as modifications, additions, or deletions, they need to be accurately documented in the amendment. Different types of Wayne Michigan UCC3 Financing Statement Amendments may include: 1. Name Change Amendment: This type of amendment is filed when the debtor or secured party's name has changed due to marriage, divorce, or other legal reasons. 2. Assignment Amendment: When a secured party transfers their interest or assigns their rights to another individual or entity, an assignment amendment is utilized to reflect the change. 3. Collateral Modification Amendment: If there have been changes to the collateral description, such as adding additional assets or removing previously listed ones, a collateral modification amendment is filed. 4. Termination Amendment: In cases where the secured debt has been paid off or the transaction is complete, a termination amendment is filed to officially release the financing statement. It is essential to ensure the accuracy and completeness of the Wayne Michigan UCC3 Financing Statement Amendment to avoid potential legal complications or disputes. Seeking legal counsel or assistance from a professional document preparation service is advisable when preparing and filing these amendments to ensure compliance with the Uniform Commercial Code and applicable state regulations.