Hillsboro Oregon Ucc Financing Statement Amendment

• Category: Oregon Court Samples - Uniform Laws - Commercial Code - Financing Statements - Samples
• State: Oregon
• City: Hillsboro
• Control #: OR-HJ-345-01
• Format: PDF

Description

Ucc Financing Statement Amendment The Hillsboro Oregon UCC Financing Statement Amendment refers to the process of making changes or updates to an existing UCC (Uniform Commercial Code) Financing Statement filed in Hillsboro, Oregon. This amendment allows parties involved in a financial transaction to modify the information provided in the original statement, ensuring accurate and up-to-date records. This documentation is crucial for securing and protecting interests in personal property collateral. Key terms and relevant keywords for this topic may include: 1. UCC: Uniform Commercial Code, a set of laws and regulations governing commercial transactions in the United States, including the creation and enforcement of security interests. 2. Financing Statement: A legal document filed by a secured party with the appropriate state office (often the Secretary of State) to establish their security interest in specified collateral. It typically includes information about both the debtor and the secured party. 3. Amendment: An alteration or modification to an existing legal document. In the context of UCC Financing Statements, an amendment is used to update or correct information provided in the original filing. 4. Hillsboro, Oregon: Referring to the city of Hillsboro in the state of Oregon, which is part of Washington County. It is known for its vibrant community, economic growth, and business-friendly environment. Types of Hillsboro Oregon UCC Financing Statement Amendments may include: 1. Name Amendment: This type of amendment is filed when there is a change in the debtor's or secured party's name due to marriage, divorce, business reorganization, or any other reason. It ensures that the UCC records accurately reflect the updated information. 2. Collateral Amendment: If there is a need to add or remove collateral from the original financing statement, a collateral amendment is filed. This can occur when new assets are acquired that need to be included or when existing collateral is sold or otherwise disposed of. 3. Termination Amendment: When the secured party's interest in the collateral is no longer active or has been fully satisfied, a termination amendment is filed to formally end the security interest. This typically occurs when a loan has been paid off or a business relationship has ended. In conclusion, the Hillsboro Oregon UCC Financing Statement Amendment allows for modifications to an existing UCC Financing Statement filed in Hillsboro, Oregon. Name, collateral, and termination amendments are some different types of amendments that can be filed to update and maintain accurate records of secured transactions. These amendments are essential in protecting the interests of both the debtor and the secured party involved in financial transactions.

The Hillsboro Oregon UCC Financing Statement Amendment refers to the process of making changes or updates to an existing UCC (Uniform Commercial Code) Financing Statement filed in Hillsboro, Oregon. This amendment allows parties involved in a financial transaction to modify the information provided in the original statement, ensuring accurate and up-to-date records. This documentation is crucial for securing and protecting interests in personal property collateral. Key terms and relevant keywords for this topic may include: 1. UCC: Uniform Commercial Code, a set of laws and regulations governing commercial transactions in the United States, including the creation and enforcement of security interests. 2. Financing Statement: A legal document filed by a secured party with the appropriate state office (often the Secretary of State) to establish their security interest in specified collateral. It typically includes information about both the debtor and the secured party. 3. Amendment: An alteration or modification to an existing legal document. In the context of UCC Financing Statements, an amendment is used to update or correct information provided in the original filing. 4. Hillsboro, Oregon: Referring to the city of Hillsboro in the state of Oregon, which is part of Washington County. It is known for its vibrant community, economic growth, and business-friendly environment. Types of Hillsboro Oregon UCC Financing Statement Amendments may include: 1. Name Amendment: This type of amendment is filed when there is a change in the debtor's or secured party's name due to marriage, divorce, business reorganization, or any other reason. It ensures that the UCC records accurately reflect the updated information. 2. Collateral Amendment: If there is a need to add or remove collateral from the original financing statement, a collateral amendment is filed. This can occur when new assets are acquired that need to be included or when existing collateral is sold or otherwise disposed of. 3. Termination Amendment: When the secured party's interest in the collateral is no longer active or has been fully satisfied, a termination amendment is filed to formally end the security interest. This typically occurs when a loan has been paid off or a business relationship has ended. In conclusion, the Hillsboro Oregon UCC Financing Statement Amendment allows for modifications to an existing UCC Financing Statement filed in Hillsboro, Oregon. Name, collateral, and termination amendments are some different types of amendments that can be filed to update and maintain accurate records of secured transactions. These amendments are essential in protecting the interests of both the debtor and the secured party involved in financial transactions.