Bend Oregon UCC Financing Statement Amendment

• Category: Oregon Court Samples - Uniform Laws - Commercial Code
• State: Oregon
• City: Bend
• Control #: OR-HJ-617
• Format: PDF

Description

UCC Financing Statement Amendment Bend, Oregon UCC Financing Statement Amendment: Explained in Detail In Bend, Oregon, a UCC (Uniform Commercial Code) Financing Statement Amendment refers to a legal document used to modify or update the information present in an original UCC financing statement. This amendment is crucial for securing and protecting the interests of both debtors and secured parties involved in commercial transactions. Keywords: Bend, Oregon, UCC Financing Statement Amendment, legal document, modify, update, original, UCC financing statement, securing, protecting, debtors, secured parties, commercial transactions. When there is a need to update the information provided in an initial UCC Financing Statement, individuals or businesses can file a UCC Financing Statement Amendment with the appropriate authorities in Bend, Oregon. This amendment allows debtors and secured parties to make necessary changes to the original statement, ensuring accuracy and safeguarding their rights and interests. There are several types of UCC Financing Statement Amendments available in Bend, Oregon. These variations aim to cater to the diverse needs and situations that may arise during the course of a commercial transaction. Some commonly encountered types are: 1. Name or Address Change Amendment: This type of amendment is used when a debtor or secured party changes their legal name or business address. It ensures that the financing statement remains valid and reflects the updated information accurately. 2. Collateral Modification Amendment: In situations where the debtor wishes to modify or expand the collateral listed in the original financing statement, a collateral modification amendment is utilized. This amendment allows for the inclusion or removal of specific collateral, reflecting the debtor's changed assets or liabilities. 3. Termination Amendment: When a debtor has successfully paid off their debt or when a secured party no longer has an interest in the collateral, they can file a termination amendment. This amendment effectively cancels the UCC financing statement, releasing the secured party's claim on the collateral. 4. Amendment for Assignment of Secured Interest: In cases where a secured party wishes to transfer their interest to another individual or entity, an amendment for assignment of secured interest is required. This amendment ensures a smooth and legal transfer of rights, reflecting the change in secured parties accurately. 5. Amendment for Judicial Lien: When a judicial lien is placed upon the debtor's assets due to a court order or legal proceedings, an amendment for judicial lien is filed. This amendment highlights the new lien, providing essential information for interested parties. These are just a few examples of the Bend, Oregon UCC Financing Statement Amendments available. Each amendment serves a specific purpose and adheres to the regulations outlined in Bend, Oregon's UCC laws. It is essential for debtors and secured parties involved in commercial transactions to understand these amendments thoroughly and consult legal professionals if needed to ensure compliance and protect their rights and interests.

Bend, Oregon UCC Financing Statement Amendment: Explained in Detail In Bend, Oregon, a UCC (Uniform Commercial Code) Financing Statement Amendment refers to a legal document used to modify or update the information present in an original UCC financing statement. This amendment is crucial for securing and protecting the interests of both debtors and secured parties involved in commercial transactions. Keywords: Bend, Oregon, UCC Financing Statement Amendment, legal document, modify, update, original, UCC financing statement, securing, protecting, debtors, secured parties, commercial transactions. When there is a need to update the information provided in an initial UCC Financing Statement, individuals or businesses can file a UCC Financing Statement Amendment with the appropriate authorities in Bend, Oregon. This amendment allows debtors and secured parties to make necessary changes to the original statement, ensuring accuracy and safeguarding their rights and interests. There are several types of UCC Financing Statement Amendments available in Bend, Oregon. These variations aim to cater to the diverse needs and situations that may arise during the course of a commercial transaction. Some commonly encountered types are: 1. Name or Address Change Amendment: This type of amendment is used when a debtor or secured party changes their legal name or business address. It ensures that the financing statement remains valid and reflects the updated information accurately. 2. Collateral Modification Amendment: In situations where the debtor wishes to modify or expand the collateral listed in the original financing statement, a collateral modification amendment is utilized. This amendment allows for the inclusion or removal of specific collateral, reflecting the debtor's changed assets or liabilities. 3. Termination Amendment: When a debtor has successfully paid off their debt or when a secured party no longer has an interest in the collateral, they can file a termination amendment. This amendment effectively cancels the UCC financing statement, releasing the secured party's claim on the collateral. 4. Amendment for Assignment of Secured Interest: In cases where a secured party wishes to transfer their interest to another individual or entity, an amendment for assignment of secured interest is required. This amendment ensures a smooth and legal transfer of rights, reflecting the change in secured parties accurately. 5. Amendment for Judicial Lien: When a judicial lien is placed upon the debtor's assets due to a court order or legal proceedings, an amendment for judicial lien is filed. This amendment highlights the new lien, providing essential information for interested parties. These are just a few examples of the Bend, Oregon UCC Financing Statement Amendments available. Each amendment serves a specific purpose and adheres to the regulations outlined in Bend, Oregon's UCC laws. It is essential for debtors and secured parties involved in commercial transactions to understand these amendments thoroughly and consult legal professionals if needed to ensure compliance and protect their rights and interests.