This form is a UCC financing statement amendment for use in recording security interests in personal property. Use to amend an existing recorded lien.
Lee's Summit Missouri UCC3 Financing Statement Amendment is a legal process that allows individuals or businesses to modify an existing financing statement filed under the Uniform Commercial Code (UCC) in Lee's Summit, Missouri. The UCC3 is a standardized form used to record and protect a creditor's interest in collateral when providing financing. By filing an amendment, the creditor can make changes, corrections, or updates to the original financing statement. Keywords: Lee's Summit Missouri, UCC3 Financing Statement Amendment, legal process, modify, existing financing statement, Uniform Commercial Code, collateral, creditor, changes, corrections, updates. There are different types of Lee's Summit Missouri UCC3 Financing Statement Amendments, such as: 1. Name Change Amendment: This type of amendment is used when there is a change in the debtor's legal name due to marriage, divorce, or other reasons. It ensures that the creditor's interest in the collateral remains valid under the new name. 2. Collateral Amendment: If the creditor wants to add or remove collateral from the original financing statement, they can file a collateral amendment. This allows the creditor to reflect any changes in the assets securing the debt accurately. 3. Amendment to Correct Errors: If there were mistakes or errors in the original financing statement, an amendment can be filed to correct them. This ensures the accuracy and validity of the UCC filing process. 4. Termination Amendment: When a debt is fully repaid or the underlying transaction is completed, the creditor can file a termination amendment to remove the financing statement from public records. This formally releases their interest in the collateral. 5. Amendment to Extend Lien: If a creditor's security interest is about to expire, they can file an amendment to extend the lien. This extends the validity of the financing statement, ensuring the continued protection of their interest in the collateral. In summary, Lee's Summit Missouri UCC3 Financing Statement Amendment is a legal procedure that allows creditors to modify or update an existing financing statement under the UCC. It covers various types of amendments, including name changes, collateral amendments, corrections, terminations, and extensions. Filing these amendments ensures the accuracy of recorded information and maintains the creditor's rights to the collateral.Lee's Summit Missouri UCC3 Financing Statement Amendment is a legal process that allows individuals or businesses to modify an existing financing statement filed under the Uniform Commercial Code (UCC) in Lee's Summit, Missouri. The UCC3 is a standardized form used to record and protect a creditor's interest in collateral when providing financing. By filing an amendment, the creditor can make changes, corrections, or updates to the original financing statement. Keywords: Lee's Summit Missouri, UCC3 Financing Statement Amendment, legal process, modify, existing financing statement, Uniform Commercial Code, collateral, creditor, changes, corrections, updates. There are different types of Lee's Summit Missouri UCC3 Financing Statement Amendments, such as: 1. Name Change Amendment: This type of amendment is used when there is a change in the debtor's legal name due to marriage, divorce, or other reasons. It ensures that the creditor's interest in the collateral remains valid under the new name. 2. Collateral Amendment: If the creditor wants to add or remove collateral from the original financing statement, they can file a collateral amendment. This allows the creditor to reflect any changes in the assets securing the debt accurately. 3. Amendment to Correct Errors: If there were mistakes or errors in the original financing statement, an amendment can be filed to correct them. This ensures the accuracy and validity of the UCC filing process. 4. Termination Amendment: When a debt is fully repaid or the underlying transaction is completed, the creditor can file a termination amendment to remove the financing statement from public records. This formally releases their interest in the collateral. 5. Amendment to Extend Lien: If a creditor's security interest is about to expire, they can file an amendment to extend the lien. This extends the validity of the financing statement, ensuring the continued protection of their interest in the collateral. In summary, Lee's Summit Missouri UCC3 Financing Statement Amendment is a legal procedure that allows creditors to modify or update an existing financing statement under the UCC. It covers various types of amendments, including name changes, collateral amendments, corrections, terminations, and extensions. Filing these amendments ensures the accuracy of recorded information and maintains the creditor's rights to the collateral.
