Gresham Oregon UCC Financing Statement Amendment

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Gresham
• 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. Gresham, Oregon UCC Financing Statement Amendment is a legal process that allows individuals or businesses to modify or update their existing Uniform Commercial Code (UCC) filings in Gresham, Oregon. UCC filings are used to establish and protect a creditor's interest in secured transactions, such as loans or leases involving personal property. These amendments are crucial when there is a need to update the information contained in the original financing statement. By filing an amendment, creditors can add, delete, or correct information related to the secured party, debtor, or collateral described in the initial filing. It ensures accuracy and clarity in the ongoing UCC records. In Gresham, Oregon, there are different types of UCC Financing Statement Amendments that can be filed, depending on the specific purpose. Some common types include: 1. Amendment to Add Secured Party: This type of amendment is utilized when there is a need to include an additional secured party to the existing UCC filing. It acknowledges the interest of the recently added secured party in relation to the collateral described in the original filing. 2. Amendment to Remove Secured Party: When a secured party's interest needs to be terminated or removed from the UCC records, this amendment is filed. It ensures that only the relevant and current secured parties are reflected in the filings. 3. Amendment to Change Debtor Information: In situations where there are changes to the debtor's information, such as a name change or the debtor relocating to a different address, this amendment is filed. It helps maintain accurate records by reflecting the updated debtor details. 4. Amendment to Correct Errors: If any errors or mistakes were made in the original UCC filing, a correction amendment can be filed. It rectifies inaccuracies in information, ensuring the records align with the intended meaning. 5. Amendment to Add or Change Collateral: When there is a need to modify or add additional collateral to the secured party's interest, this type of amendment is filed. It reflects the expanded scope of the secured party's involvement in the collateral described in the original filing. Filing a Gresham, Oregon UCC Financing Statement Amendment requires proper completion of the necessary forms and payment of fees. It is essential to consult legal professionals or specific government resources to ensure compliance with the required procedures and to determine the appropriate type of amendment needed as per the specific situation. Accurate and up-to-date UCC filings play a crucial role in securing the interests of parties involved in commercial transactions.

Gresham, Oregon UCC Financing Statement Amendment is a legal process that allows individuals or businesses to modify or update their existing Uniform Commercial Code (UCC) filings in Gresham, Oregon. UCC filings are used to establish and protect a creditor's interest in secured transactions, such as loans or leases involving personal property. These amendments are crucial when there is a need to update the information contained in the original financing statement. By filing an amendment, creditors can add, delete, or correct information related to the secured party, debtor, or collateral described in the initial filing. It ensures accuracy and clarity in the ongoing UCC records. In Gresham, Oregon, there are different types of UCC Financing Statement Amendments that can be filed, depending on the specific purpose. Some common types include: 1. Amendment to Add Secured Party: This type of amendment is utilized when there is a need to include an additional secured party to the existing UCC filing. It acknowledges the interest of the recently added secured party in relation to the collateral described in the original filing. 2. Amendment to Remove Secured Party: When a secured party's interest needs to be terminated or removed from the UCC records, this amendment is filed. It ensures that only the relevant and current secured parties are reflected in the filings. 3. Amendment to Change Debtor Information: In situations where there are changes to the debtor's information, such as a name change or the debtor relocating to a different address, this amendment is filed. It helps maintain accurate records by reflecting the updated debtor details. 4. Amendment to Correct Errors: If any errors or mistakes were made in the original UCC filing, a correction amendment can be filed. It rectifies inaccuracies in information, ensuring the records align with the intended meaning. 5. Amendment to Add or Change Collateral: When there is a need to modify or add additional collateral to the secured party's interest, this type of amendment is filed. It reflects the expanded scope of the secured party's involvement in the collateral described in the original filing. Filing a Gresham, Oregon UCC Financing Statement Amendment requires proper completion of the necessary forms and payment of fees. It is essential to consult legal professionals or specific government resources to ensure compliance with the required procedures and to determine the appropriate type of amendment needed as per the specific situation. Accurate and up-to-date UCC filings play a crucial role in securing the interests of parties involved in commercial transactions.