Bend Oregon UCC Financing Statement Amendment

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Bend
• Control #: OR-LR059T
• Format: Word; Rich Text

Description

This form is an amended Financing statement used to cover certain collateral as specified in the form. This amendment is to be filed in the real estate records. Bend, Oregon UCC Financing Statement Amendment is a legal process that allows individuals or businesses to modify or update the information contained in an original Uniform Commercial Code (UCC) financing statement filed in Bend, Oregon. UCC financing statements serve as public records and provide information about secured transactions, such as loans or leases, involving personal property. In Bend, Oregon, UCC Financing Statement Amendment is typically required when there are changes to the original financing statement that need to be reflected accurately. Several types of UCC Financing Statement Amendments can be filed in Bend, Oregon, including: 1. Amendment Changing Debtor Information: This type of amendment is filed when there are changes to the debtor's name, address, or other identifying information. It ensures that the financing statement remains valid and reflects the updated information accurately. 2. Amendment Adding Additional Collateral: If additional collateral, such as new assets or properties, becomes subject to the existing financing statement, this amendment is filed to include the newly secured property under the original statement. It offers protection to lenders or secured parties and establishes their rights over the added collateral. 3. Amendment Terminating Financing Statement: In some cases, when a loan has been fully paid off or the security interest has expired, a termination amendment is filed to remove the UCC financing statement from public records. It signals the release or satisfaction of the debt and ensures the creditor's claim is no longer associated with the collateral. 4. Amendment Correcting Clerical Errors: This type of amendment is used when there are minor mistakes made in the original financing statement. It could involve correcting typographical errors, misspellings, or incorrect information that does not affect the overall validity of the document. When filing a Bend, Oregon UCC Financing Statement Amendment, it is crucial to provide accurate and detailed information. This may include the original financing statement number, the debtor's details, the specific changes being made, and any supporting documentation if required. It is advisable to consult with legal professionals or the appropriate authorities to ensure the amendment is filed correctly and in compliance with Bend, Oregon's UCC laws and regulations.

Bend, Oregon UCC Financing Statement Amendment is a legal process that allows individuals or businesses to modify or update the information contained in an original Uniform Commercial Code (UCC) financing statement filed in Bend, Oregon. UCC financing statements serve as public records and provide information about secured transactions, such as loans or leases, involving personal property. In Bend, Oregon, UCC Financing Statement Amendment is typically required when there are changes to the original financing statement that need to be reflected accurately. Several types of UCC Financing Statement Amendments can be filed in Bend, Oregon, including: 1. Amendment Changing Debtor Information: This type of amendment is filed when there are changes to the debtor's name, address, or other identifying information. It ensures that the financing statement remains valid and reflects the updated information accurately. 2. Amendment Adding Additional Collateral: If additional collateral, such as new assets or properties, becomes subject to the existing financing statement, this amendment is filed to include the newly secured property under the original statement. It offers protection to lenders or secured parties and establishes their rights over the added collateral. 3. Amendment Terminating Financing Statement: In some cases, when a loan has been fully paid off or the security interest has expired, a termination amendment is filed to remove the UCC financing statement from public records. It signals the release or satisfaction of the debt and ensures the creditor's claim is no longer associated with the collateral. 4. Amendment Correcting Clerical Errors: This type of amendment is used when there are minor mistakes made in the original financing statement. It could involve correcting typographical errors, misspellings, or incorrect information that does not affect the overall validity of the document. When filing a Bend, Oregon UCC Financing Statement Amendment, it is crucial to provide accurate and detailed information. This may include the original financing statement number, the debtor's details, the specific changes being made, and any supporting documentation if required. It is advisable to consult with legal professionals or the appropriate authorities to ensure the amendment is filed correctly and in compliance with Bend, Oregon's UCC laws and regulations.