The Mecklenburg North Carolina UCC3 Financing Statement Amendment Addendum is a legal document used to modify or update information contained within a previously filed UCC3 Financing Statement in Mecklenburg County, North Carolina. This addendum is vital in ensuring accurate and up-to-date records regarding secured transactions between parties. Keywords: Mecklenburg North Carolina, UCC3 Financing Statement, Amendment Addendum, legal document, modify, update, previously filed, UCC3 Financing Statement, Mecklenburg County, North Carolina, accurate, up-to-date, records, secured transactions, parties. Types of Mecklenburg North Carolina UCC3 Financing Statement Amendment Addendum: 1. Termination Addendum: This type of addendum is used to terminate or cancel a previously filed UCC3 Financing Statement. It may be necessary when a secured transaction has been fully satisfied, the collateral has been sold, or the security interest is no longer valid or enforceable. 2. Continuation Addendum: A continuation addendum is used to extend the effectiveness of a UCC3 Financing Statement that is about to expire. It ensures that the secured party's priority rights are preserved beyond the initial filing period, typically five years. 3. Assignment Addendum: An assignment addendum is used when a secured party transfers their rights and interest in a UCC3 Financing Statement to another party. This addendum reflects the change in secured party information, including name, address, and contact details. 4. Amendment Addendum: This addendum is used to modify or update specific information within a previously filed UCC3 Financing Statement. It can be used to correct errors in the original filing, update debtor details, add or remove collateral descriptions, or make any necessary changes to keep the information accurate and current. 5. Amendment with Collateral Change Addendum: This type of addendum is used when a change is made to the collateral specified in the original UCC3 Financing Statement. It reflects any additions, deletions, or modifications made to the collateral being used as security for a loan or other financial transaction. In conclusion, the Mecklenburg North Carolina UCC3 Financing Statement Amendment Addendum is a crucial legal document that allows parties to modify or update previously filed UCC3 Financing Statements. Its various types, including termination, continuation, assignment, amendment, and amendment with collateral change, enable accurate and up-to-date records regarding secured transactions in Mecklenburg County, North Carolina.
Mecklenburg North Carolina UCC3 Financing Statement Amendment Addendum
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