UCC3 - Financing Statement Amendment Addendum - Ohio - 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 Franklin Ohio UCC3 Financing Statement Amendment Addendum is a legal document that serves as an extension or modification to a previously filed UCC3 financing statement in the state of Ohio. The purpose of this amendment addendum is to provide additional information, correct errors, or make changes to the existing UCC3 filing. This document is typically used when there is a need to update or revise the original financing statement to accurately reflect changes in the debtor's (borrower's) information, creditor's (lender's) information, collateral description, or any other relevant details. The UCC3 financing statement amendment addendum is an important part of the Uniform Commercial Code (UCC) system, which governs secured transactions and provides a framework for lenders to protect their interests in personal property collateral. Some common types of Franklin Ohio UCC3 Financing Statement Amendment Addendum include: 1. Debtor Information Amendment Addendum: This type of addendum is used when there are changes in the debtor's information such as name, address, or organizational structure. It ensures that accurate and up-to-date information about the debtor is reflected in the financing statement. 2. Creditor Information Amendment Addendum: In cases where the creditor's information needs to be updated, such as a change in name, address, or organizational structure, this type of addendum is executed. It helps maintain accuracy and clarity regarding the lender's identity and contact details. 3. Collateral Description Amendment Addendum: If there are modifications or revisions needed to accurately describe the collateral covered by the financing statement, this addendum is utilized. It ensures precision in identifying the assets that secure the transaction. 4. Termination Amendment Addendum: In situations where the financing statement is no longer valid or the loan has been fully paid off, this type of addendum is filed to terminate the original UCC3 filing. It is essential to update and reflect the change accurately in public records. 5. Continuation Amendment Addendum: When the initial UCC3 financing statement is about to expire, this addendum is used to extend the filing period. It allows the lender to continue their rights and maintain priority over other subsequent creditors. It is crucial to ensure that any changes or corrections made through a Franklin Ohio UCC3 Financing Statement Amendment Addendum comply with the requirements set forth in the state's UCC laws and regulations, including proper filing procedures and deadlines. Seeking legal advice or professional assistance is recommended to ensure compliance with all legal requirements and to protect the lender's interests.The Franklin Ohio UCC3 Financing Statement Amendment Addendum is a legal document that serves as an extension or modification to a previously filed UCC3 financing statement in the state of Ohio. The purpose of this amendment addendum is to provide additional information, correct errors, or make changes to the existing UCC3 filing. This document is typically used when there is a need to update or revise the original financing statement to accurately reflect changes in the debtor's (borrower's) information, creditor's (lender's) information, collateral description, or any other relevant details. The UCC3 financing statement amendment addendum is an important part of the Uniform Commercial Code (UCC) system, which governs secured transactions and provides a framework for lenders to protect their interests in personal property collateral. Some common types of Franklin Ohio UCC3 Financing Statement Amendment Addendum include: 1. Debtor Information Amendment Addendum: This type of addendum is used when there are changes in the debtor's information such as name, address, or organizational structure. It ensures that accurate and up-to-date information about the debtor is reflected in the financing statement. 2. Creditor Information Amendment Addendum: In cases where the creditor's information needs to be updated, such as a change in name, address, or organizational structure, this type of addendum is executed. It helps maintain accuracy and clarity regarding the lender's identity and contact details. 3. Collateral Description Amendment Addendum: If there are modifications or revisions needed to accurately describe the collateral covered by the financing statement, this addendum is utilized. It ensures precision in identifying the assets that secure the transaction. 4. Termination Amendment Addendum: In situations where the financing statement is no longer valid or the loan has been fully paid off, this type of addendum is filed to terminate the original UCC3 filing. It is essential to update and reflect the change accurately in public records. 5. Continuation Amendment Addendum: When the initial UCC3 financing statement is about to expire, this addendum is used to extend the filing period. It allows the lender to continue their rights and maintain priority over other subsequent creditors. It is crucial to ensure that any changes or corrections made through a Franklin Ohio UCC3 Financing Statement Amendment Addendum comply with the requirements set forth in the state's UCC laws and regulations, including proper filing procedures and deadlines. Seeking legal advice or professional assistance is recommended to ensure compliance with all legal requirements and to protect the lender's interests.
