UCC3 - Financing Statement Amendment - Ohio - 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.
Keyword: Akron Ohio UCC3 Financing Statement Amendment Description: The Akron Ohio UCC3 Financing Statement Amendment refers to the modification or alteration made to a UCC3 Financing Statement in Akron, Ohio. This legal document is used to amend or update information related to a previously filed financing statement under the Uniform Commercial Code (UCC). An Akron Ohio UCC3 Financing Statement Amendment is necessary when changes occur in the original filing, such as amendments to debtor's information, collateral description, filing duration, or any other relevant details. It ensures that the public record accurately reflects the latest information regarding a secured transaction. Types of Akron Ohio UCC3 Financing Statement Amendments may include: 1. Debtor Information Amendment: This amendment type is used when there are changes in the debtor's name, address, or any other information that affects the accuracy of the UCC3 Financing Statement. This amendment aids in maintaining up-to-date and correct debtor information in the public record. 2. Collateral Description Amendment: When revisions are needed regarding the collateral description mentioned in the initial filing, a collateral description amendment is submitted. This amendment ensures that the details regarding the assets or property serving as collateral are accurately updated. 3. Filing Continuation Amendment: If a financing statement's original duration is about to expire, a filing continuation amendment is filed to extend the period of effectiveness. This amendment is essential to maintain the security interest and to prevent potential disputes or challenges related to expiration. 4. Termination Amendment: A termination amendment is used to cancel or terminate a previously filed financing statement. It is utilized when the secured obligation has been fulfilled, or the collateral has been sold, released, or no longer serves as security. 5. Amendment Regarding Priority: In cases where an amendment affects the priority of previously filed financing statements, an amendment regarding priority may be necessary. This ensures that the updated UCC3 Financing Statement accurately reflects the revised order of priority among multiple secured parties. Overall, the Akron Ohio UCC3 Financing Statement Amendment is a legal process that allows individuals, businesses, and creditors to modify and update pertinent information related to a UCC3 Financing Statement filed in Akron, Ohio. It ensures that accurate and current information is available to all interested parties involved in secured transactions.Keyword: Akron Ohio UCC3 Financing Statement Amendment Description: The Akron Ohio UCC3 Financing Statement Amendment refers to the modification or alteration made to a UCC3 Financing Statement in Akron, Ohio. This legal document is used to amend or update information related to a previously filed financing statement under the Uniform Commercial Code (UCC). An Akron Ohio UCC3 Financing Statement Amendment is necessary when changes occur in the original filing, such as amendments to debtor's information, collateral description, filing duration, or any other relevant details. It ensures that the public record accurately reflects the latest information regarding a secured transaction. Types of Akron Ohio UCC3 Financing Statement Amendments may include: 1. Debtor Information Amendment: This amendment type is used when there are changes in the debtor's name, address, or any other information that affects the accuracy of the UCC3 Financing Statement. This amendment aids in maintaining up-to-date and correct debtor information in the public record. 2. Collateral Description Amendment: When revisions are needed regarding the collateral description mentioned in the initial filing, a collateral description amendment is submitted. This amendment ensures that the details regarding the assets or property serving as collateral are accurately updated. 3. Filing Continuation Amendment: If a financing statement's original duration is about to expire, a filing continuation amendment is filed to extend the period of effectiveness. This amendment is essential to maintain the security interest and to prevent potential disputes or challenges related to expiration. 4. Termination Amendment: A termination amendment is used to cancel or terminate a previously filed financing statement. It is utilized when the secured obligation has been fulfilled, or the collateral has been sold, released, or no longer serves as security. 5. Amendment Regarding Priority: In cases where an amendment affects the priority of previously filed financing statements, an amendment regarding priority may be necessary. This ensures that the updated UCC3 Financing Statement accurately reflects the revised order of priority among multiple secured parties. Overall, the Akron Ohio UCC3 Financing Statement Amendment is a legal process that allows individuals, businesses, and creditors to modify and update pertinent information related to a UCC3 Financing Statement filed in Akron, Ohio. It ensures that accurate and current information is available to all interested parties involved in secured transactions.
