Las Cruces New Mexico UCC3 Financing Statement Amendment

• Category: New Mexico Contracts - Uniform Commercial Code
• State: New Mexico
• City: Las Cruces
• Control #: NM-UCC3
• Format: PDF

Description

UCC3 - Financing Statement Amendment - New Mexico - 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. Las Cruces New Mexico UCC3 Financing Statement Amendment is a legal document used to modify or update information on a previously filed UCC3 financing statement in Las Cruces, New Mexico. This document is commonly utilized when there are changes to the original financing statement, such as amendments to debtor information, collateral description, or other relevant details. The UCC3 Financing Statement Amendment serves as a public notice of important changes that have occurred in relation to a secured party's interest in specific collateral against a debtor. By filing this amendment, parties involved in a secured transaction ensure the accuracy and clarity of the recorded information and maintain their legal rights under the Uniform Commercial Code (UCC). In Las Cruces, New Mexico, there may be different types of UCC3 Financing Statement Amendments, including but not limited to: 1. Debtor Information Amendment: This type of amendment is filed when there are changes in the debtor's name, address, or other identifying information. It ensures that the public record accurately reflects the updated details of the debtor party involved in the secured transaction. 2. Collateral Description Amendment: When there are modifications or additions to the originally described collateral, this type of amendment is filed. It provides clarity on the exact assets or property being used as collateral for the secured party's interest. 3. Amendment to Add or Remove Secured Parties: In cases where there is a need to add or remove secured parties from the original financing statement, this amendment is utilized. It ensures that the correct parties are identified as having an interest in the collateral. 4. Amendment to Release Collateral: When the debt secured by collateral has been fully repaid, this type of amendment is filed to release the collateral from the UCC filing, indicating that the debtor has satisfied their obligation. Each type of UCC3 Financing Statement Amendment in Las Cruces, New Mexico, carries its own significance and is filed to address specific changes or updates that have occurred within a secured transaction. Properly completing and filing these amendments is crucial to protecting the rights and interests of the involved parties while ensuring accurate public records.

Las Cruces New Mexico UCC3 Financing Statement Amendment is a legal document used to modify or update information on a previously filed UCC3 financing statement in Las Cruces, New Mexico. This document is commonly utilized when there are changes to the original financing statement, such as amendments to debtor information, collateral description, or other relevant details. The UCC3 Financing Statement Amendment serves as a public notice of important changes that have occurred in relation to a secured party's interest in specific collateral against a debtor. By filing this amendment, parties involved in a secured transaction ensure the accuracy and clarity of the recorded information and maintain their legal rights under the Uniform Commercial Code (UCC). In Las Cruces, New Mexico, there may be different types of UCC3 Financing Statement Amendments, including but not limited to: 1. Debtor Information Amendment: This type of amendment is filed when there are changes in the debtor's name, address, or other identifying information. It ensures that the public record accurately reflects the updated details of the debtor party involved in the secured transaction. 2. Collateral Description Amendment: When there are modifications or additions to the originally described collateral, this type of amendment is filed. It provides clarity on the exact assets or property being used as collateral for the secured party's interest. 3. Amendment to Add or Remove Secured Parties: In cases where there is a need to add or remove secured parties from the original financing statement, this amendment is utilized. It ensures that the correct parties are identified as having an interest in the collateral. 4. Amendment to Release Collateral: When the debt secured by collateral has been fully repaid, this type of amendment is filed to release the collateral from the UCC filing, indicating that the debtor has satisfied their obligation. Each type of UCC3 Financing Statement Amendment in Las Cruces, New Mexico, carries its own significance and is filed to address specific changes or updates that have occurred within a secured transaction. Properly completing and filing these amendments is crucial to protecting the rights and interests of the involved parties while ensuring accurate public records.