Paterson New Jersey UCC1 Financing Statement Addendum

• Category: New Jersey Contracts - Uniform Commercial Code
• State: New Jersey
• City: Paterson
• Control #: NJ-UCC1-A
• Format: Word; PDF; Rich Text

Description

UCC1 - Financing Statement Addendum - New Jersey - 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. Paterson New Jersey UCC1 Financing Statement Addendum is a legal document that contains additional information and details pertaining to a UCC1 Financing Statement for personal property located in Paterson, New Jersey. This addendum serves as an attachment to the original financing statement, providing supplementary details that may be necessary for complete and accurate filing according to the requirements set forth by the New Jersey Uniform Commercial Code (UCC). The UCC1 Financing Statement Addendum is used to ensure that all relevant information associated with the security interest in the collateral is properly disclosed and recorded. This addendum is crucial for both the debtor and the secured party, as it provides a comprehensive overview of the transaction and helps safeguard their rights. The content of the Paterson New Jersey UCC1 Financing Statement Addendum may include various types of information, which primarily aim to clarify and expand on the details initially provided in the financing statement. Some of the key elements that can be covered within this addendum are: 1. Amendments or Changes: If there have been any modifications to the original financing statement, such as changes in collateral description, debtor or secured party information, or any other pertinent details, they can be documented in the addendum. These amendments ensure that the information is updated and accurate. 2. Debtor Information: The addendum may include additional details about the debtor, such as their legal name, address, taxpayer identification number, or any other identifiers required by the UCC. This information helps in identifying and locating the debtor in case of any legal proceedings. 3. Secured Party Information: Similar to the debtor information, the addendum may provide supplementary details about the secured party, including their legal name, address, and other contact information. This ensures that the secured party's rights and interests are properly recorded and acknowledged. 4. Additional Collateral Description: If the initial financing statement did not provide a comprehensive description of the collateral, the addendum can be used to include a more detailed and precise specification. This could involve listing the specific types or categories of property, their serial numbers, model numbers, or any other relevant details to accurately identify the collateral. 5. Other Relevant Information: The addendum may accommodate any other relevant information that is required or deemed necessary according to the UCC regulations or as agreed upon by the parties involved. This might include additional terms and conditions, specific provisions, or any other details that supplement and enhance the original financing statement. While there may not be different types of Paterson New Jersey UCC1 Financing Statement addenda per se, multiple addenda can be filed throughout the duration of a debtor-creditor relationship. These additional addenda would supplement the original financing statement, reflecting any modifications, amendments, or updates necessary to maintain an accurate record of the security interest in the mentioned collateral. It is important to consult with legal professionals familiar with New Jersey UCC requirements to ensure compliance and accuracy when preparing a Paterson UCC1 Financing Statement Addendum.

Paterson New Jersey UCC1 Financing Statement Addendum is a legal document that contains additional information and details pertaining to a UCC1 Financing Statement for personal property located in Paterson, New Jersey. This addendum serves as an attachment to the original financing statement, providing supplementary details that may be necessary for complete and accurate filing according to the requirements set forth by the New Jersey Uniform Commercial Code (UCC). The UCC1 Financing Statement Addendum is used to ensure that all relevant information associated with the security interest in the collateral is properly disclosed and recorded. This addendum is crucial for both the debtor and the secured party, as it provides a comprehensive overview of the transaction and helps safeguard their rights. The content of the Paterson New Jersey UCC1 Financing Statement Addendum may include various types of information, which primarily aim to clarify and expand on the details initially provided in the financing statement. Some of the key elements that can be covered within this addendum are: 1. Amendments or Changes: If there have been any modifications to the original financing statement, such as changes in collateral description, debtor or secured party information, or any other pertinent details, they can be documented in the addendum. These amendments ensure that the information is updated and accurate. 2. Debtor Information: The addendum may include additional details about the debtor, such as their legal name, address, taxpayer identification number, or any other identifiers required by the UCC. This information helps in identifying and locating the debtor in case of any legal proceedings. 3. Secured Party Information: Similar to the debtor information, the addendum may provide supplementary details about the secured party, including their legal name, address, and other contact information. This ensures that the secured party's rights and interests are properly recorded and acknowledged. 4. Additional Collateral Description: If the initial financing statement did not provide a comprehensive description of the collateral, the addendum can be used to include a more detailed and precise specification. This could involve listing the specific types or categories of property, their serial numbers, model numbers, or any other relevant details to accurately identify the collateral. 5. Other Relevant Information: The addendum may accommodate any other relevant information that is required or deemed necessary according to the UCC regulations or as agreed upon by the parties involved. This might include additional terms and conditions, specific provisions, or any other details that supplement and enhance the original financing statement. While there may not be different types of Paterson New Jersey UCC1 Financing Statement addenda per se, multiple addenda can be filed throughout the duration of a debtor-creditor relationship. These additional addenda would supplement the original financing statement, reflecting any modifications, amendments, or updates necessary to maintain an accurate record of the security interest in the mentioned collateral. It is important to consult with legal professionals familiar with New Jersey UCC requirements to ensure compliance and accuracy when preparing a Paterson UCC1 Financing Statement Addendum.