Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum

• Category: Oklahoma Contracts - Uniform Commercial Code
• State: Oklahoma
• City: Broken Arrow
• Control #: OK-UCC3-A
• Format: PDF

Description

UCC3 - Financing Statement Amendment Addendum - Oklahoma - 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 Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum is an essential legal document used to modify or update existing UCC3 financing statements in the state of Broken Arrow, Oklahoma. This addendum allows individuals, businesses, or lenders to secure their interests in collateral assets, such as personal property or vehicles. When it comes to financing statements, amendments are crucial for ensuring accuracy, completeness, and maintaining the validity of the original statement. The Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum provides a seamless process for making changes to the original statement, allowing for the addition, deletion, or alteration of information. This addendum is highly beneficial in cases where there are changes to debtor information, collateral descriptions, or additional secured parties involved in the financing statement. By utilizing this amendment addendum, parties can protect their interests and avoid potential disputes or confusion. There are various types of Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum, each catering to specific needs and amendments required. These may include: 1. Debtor Information Change Addendum: This addendum is used when there are modifications or updates to the debtor's information, such as name changes, address changes, or other personal details. 2. Collateral Description Amendment Addendum: This type of addendum is utilized when there are changes to the collateral description listed in the original financing statement. It may involve adding or removing specific properties, updating descriptions, or making corrections concerning the collateral's nature. 3. Additional Secured Party Addendum: When there are new secured parties involved in the financing statement, this addendum is employed. It allows for the inclusion of additional parties who have an interest in the collateral. 4. Amendment Revoking Financing Statement Addendum: This type of addendum is used to revoke or terminate the effectiveness of the entire original financing statement. It is usually employed when the secured debt has been repaid or the security interest has become invalid or unnecessary. It is essential to be knowledgeable about the specific type of addendum required for amending a Broken Arrow Oklahoma UCC3 financing statement. Seeking legal advice or utilizing professional services to ensure compliance and accuracy is strongly recommended.

The Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum is an essential legal document used to modify or update existing UCC3 financing statements in the state of Broken Arrow, Oklahoma. This addendum allows individuals, businesses, or lenders to secure their interests in collateral assets, such as personal property or vehicles. When it comes to financing statements, amendments are crucial for ensuring accuracy, completeness, and maintaining the validity of the original statement. The Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum provides a seamless process for making changes to the original statement, allowing for the addition, deletion, or alteration of information. This addendum is highly beneficial in cases where there are changes to debtor information, collateral descriptions, or additional secured parties involved in the financing statement. By utilizing this amendment addendum, parties can protect their interests and avoid potential disputes or confusion. There are various types of Broken Arrow Oklahoma UCC3 Financing Statement Amendment Addendum, each catering to specific needs and amendments required. These may include: 1. Debtor Information Change Addendum: This addendum is used when there are modifications or updates to the debtor's information, such as name changes, address changes, or other personal details. 2. Collateral Description Amendment Addendum: This type of addendum is utilized when there are changes to the collateral description listed in the original financing statement. It may involve adding or removing specific properties, updating descriptions, or making corrections concerning the collateral's nature. 3. Additional Secured Party Addendum: When there are new secured parties involved in the financing statement, this addendum is employed. It allows for the inclusion of additional parties who have an interest in the collateral. 4. Amendment Revoking Financing Statement Addendum: This type of addendum is used to revoke or terminate the effectiveness of the entire original financing statement. It is usually employed when the secured debt has been repaid or the security interest has become invalid or unnecessary. It is essential to be knowledgeable about the specific type of addendum required for amending a Broken Arrow Oklahoma UCC3 financing statement. Seeking legal advice or utilizing professional services to ensure compliance and accuracy is strongly recommended.