Rochester New York UCC3 Financing Statement Amendment Addendum

• Category: New York Secretary of State - Uniform Commercial Code
• State: New York
• City: Rochester
• Control #: NY-UCC3-A
• Format: Word; PDF; Rich Text

Description

UCC3 - Financing Statement Amendment Addendum - New York - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records. The Rochester New York UCC3 Financing Statement Amendment Addendum refers to a legally binding document used to modify or update an existing UCC3 Financing Statement in Rochester, New York. The UCC3 Financing Statement is typically filed to provide notice to interested parties regarding any security interest or lien on personal property. However, circumstances may arise where changes need to be made to the original filing, thus necessitating the use of an amendment addendum. The UCC3 Financing Statement Amendment Addendum in Rochester, New York can encompass various types, each serving a specific purpose. These include: 1. Partial Release Addendum: This addendum is employed when a secured party wishes to release a specific portion of the collateral initially declared in the UCC3 Financing Statement. It allows for the removal of certain assets from the original filing while ensuring the remaining collateral remains secured. 2. Continuation Addendum: When the duration of the security interest declared in the initial UCC3 Financing Statement is nearing expiration, a continuation addendum is utilized to extend the filing's validity. This addendum guarantees the continued priority of the original financing statement beyond its initial term. 3. Termination Addendum: When the secured debt or obligation has been fully satisfied, the termination addendum is employed to signal the permanent release of the lien or security interest declared in the original UCC3 Financing Statement. It notifies interested parties that the debtor no longer owes any outstanding debt corresponding to the collateral mentioned in the termination addendum. 4. Amendment Addendum: This addendum is used to modify or correct specific information contained within the original UCC3 Financing Statement. It allows for the rectification of any errors or inaccuracies in the initial filing, ensuring that the public record accurately reflects the secured parties and the collateral description. The Rochester New York UCC3 Financing Statement Amendment Addendum is an essential tool for ensuring the accuracy, validity, and compliance of financing statements filed in Rochester, New York. It enables secured parties and debtors to make necessary adjustments, releases, extensions, or corrections to the original filing, safeguarding the interests of all involved parties.

The Rochester New York UCC3 Financing Statement Amendment Addendum refers to a legally binding document used to modify or update an existing UCC3 Financing Statement in Rochester, New York. The UCC3 Financing Statement is typically filed to provide notice to interested parties regarding any security interest or lien on personal property. However, circumstances may arise where changes need to be made to the original filing, thus necessitating the use of an amendment addendum. The UCC3 Financing Statement Amendment Addendum in Rochester, New York can encompass various types, each serving a specific purpose. These include: 1. Partial Release Addendum: This addendum is employed when a secured party wishes to release a specific portion of the collateral initially declared in the UCC3 Financing Statement. It allows for the removal of certain assets from the original filing while ensuring the remaining collateral remains secured. 2. Continuation Addendum: When the duration of the security interest declared in the initial UCC3 Financing Statement is nearing expiration, a continuation addendum is utilized to extend the filing's validity. This addendum guarantees the continued priority of the original financing statement beyond its initial term. 3. Termination Addendum: When the secured debt or obligation has been fully satisfied, the termination addendum is employed to signal the permanent release of the lien or security interest declared in the original UCC3 Financing Statement. It notifies interested parties that the debtor no longer owes any outstanding debt corresponding to the collateral mentioned in the termination addendum. 4. Amendment Addendum: This addendum is used to modify or correct specific information contained within the original UCC3 Financing Statement. It allows for the rectification of any errors or inaccuracies in the initial filing, ensuring that the public record accurately reflects the secured parties and the collateral description. The Rochester New York UCC3 Financing Statement Amendment Addendum is an essential tool for ensuring the accuracy, validity, and compliance of financing statements filed in Rochester, New York. It enables secured parties and debtors to make necessary adjustments, releases, extensions, or corrections to the original filing, safeguarding the interests of all involved parties.