Queens New York UCC3 Financing Statement Amendment is a legal document filed under the Uniform Commercial Code (UCC) in the state of New York to make modifications, corrections, or additions to an existing UCC3 Financing Statement. This statement serves as notice that a party has a security interest in specific collateral, typically used in commercial transactions. The UCC3 Financing Statement Amendment filed in Queens, New York involves the alteration of original information provided on a UCC3 Financing Statement. This correction aims to ensure accuracy and reflect any changes that may have occurred since the initial filing. It is crucial to file an amendment promptly to maintain the validity and enforceability of the original statement. Keywords: Queens New York, UCC3 Financing Statement, Amendment, Uniform Commercial Code, legal document, modifications, corrections, additions, existing, collateral, commercial transactions, notice, security interest, alterations, accuracy, changes, initial filing, validity, enforceability. Different types of Queens New York UCC3 Financing Statement Amendments may include: 1. Change of Collateral: This type of amendment is filed when there is a need to modify or update the description of the collateral covered under the UCC3 Financing Statement. It ensures that the statement accurately reflects the assets involved in the transaction. 2. Change of Debtor's Information: When there are changes to the debtor's legal name, address, or other identifying information, this amendment is filed to update the UCC3 Financing Statement accordingly. It guarantees that the statement correctly identifies the party with the security interest. 3. Termination Amendment: If the secured party believes the debt or obligation secured by the UCC3 Financing Statement has been satisfied or released, a termination amendment is filed to formally end the security interest. This amendment acknowledges the completion of the underlying transaction and releases the collateral from any encumbrance. 4. Continuation Amendment: UCC3 Financing Statements have a limited lifespan, typically lasting for five years. A continuation amendment is filed before the initial statement expires to extend its effectiveness. This amendment ensures that the security interest remains enforceable beyond the original expiry date. 5. Assignment Amendment: If the secured party transfers or assigns its interest in the UCC3 Financing Statement to another party, an assignment amendment is filed to reflect this change. This amendment allows the new secured party to be properly documented and maintains the chain of ownership. Keywords: Change of Collateral, Change of Debtor's Information, Termination Amendment, Continuation Amendment, Assignment Amendment, UCC3 Financing Statement, Amendment, legal name, address, debtor, identifying information, termination, debt, obligation, satisfied, released, encumbrance, continuation, lifespan, expiry date, assignment, transfers, assigns, secured party, ownership, enforceable.
Queens New York UCC3 Financing Statement Amendment
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How to fill out Queens New York UCC3 Financing Statement Amendment?
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