Portland Oregon UCC3 Financing Statement Amendment Addendum

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Portland
• Control #: OR-UCC3-A
• Format: PDF

Description

UCC3 - Financing Statement Amendment Addendum - Oregon - 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. Portland Oregon UCC3 Financing Statement Amendment Addendum is a legal document specifically used in the state of Oregon to modify or alter an existing UCC3 Financing Statement. The UCC3 Financing Statement is typically filed to provide notice of a security interest in collateral offered as a guarantee for a loan or extension of credit. However, situations may arise where the original UCC3 Financing Statement needs to be amended, and that's where the Portland Oregon UCC3 Financing Statement Amendment Addendum comes into play. This addendum serves as an official record of the modifications made to the initial UCC3 Financing Statement and ensures that all parties involved have access to the updated information. It contains essential details, such as the debtor's name, secured party's information, and a precise description of the collateral in question. By submitting this addendum, the filer ensures that any changes or corrections to the original UCC3 Financing Statement are officially recorded and enforceable. Regarding the different types of Portland Oregon UCC3 Financing Statement Amendment Addendum, they can include various amendments or changes to the original UCC3 Financing Statement. Here are a few common types: 1. Amendment of Debtor Information: This type of amendment addendum is used when there is a need to update or correct the debtor's information provided in the initial UCC3 Financing Statement. This could involve changes in the debtor's name, address, or any other personal details necessary for accurate identification. 2. Amendment of Secured Party Information: When there are alterations to the secured party's information, such as a change in name, address, or contact details, the addendum is utilized to reflect these modifications accurately. 3. Collateral Description Amendment: Sometimes, a secured party might need to modify the description of the collateral covered by the UCC3 Financing Statement. This amendment addendum section provides space to clearly state the updated collateral details and ensure the accuracy of the recorded information. 4. Termination of Financing Statement: If the secured debt has been fully paid or the security interest no longer exists, this special type of amendment addendum is used to properly terminate the UCC3 Financing Statement on record, providing notice to interested parties that the security interest has been released. It is important to consult legal professionals or appropriate government authorities for precise guidelines and requirements when preparing a Portland Oregon UCC3 Financing Statement Amendment Addendum. Accuracy in filing and adherence to local regulations ensure that the addendum effectively conveys the desired changes while protecting the rights and interests of all involved parties.

Portland Oregon UCC3 Financing Statement Amendment Addendum is a legal document specifically used in the state of Oregon to modify or alter an existing UCC3 Financing Statement. The UCC3 Financing Statement is typically filed to provide notice of a security interest in collateral offered as a guarantee for a loan or extension of credit. However, situations may arise where the original UCC3 Financing Statement needs to be amended, and that's where the Portland Oregon UCC3 Financing Statement Amendment Addendum comes into play. This addendum serves as an official record of the modifications made to the initial UCC3 Financing Statement and ensures that all parties involved have access to the updated information. It contains essential details, such as the debtor's name, secured party's information, and a precise description of the collateral in question. By submitting this addendum, the filer ensures that any changes or corrections to the original UCC3 Financing Statement are officially recorded and enforceable. Regarding the different types of Portland Oregon UCC3 Financing Statement Amendment Addendum, they can include various amendments or changes to the original UCC3 Financing Statement. Here are a few common types: 1. Amendment of Debtor Information: This type of amendment addendum is used when there is a need to update or correct the debtor's information provided in the initial UCC3 Financing Statement. This could involve changes in the debtor's name, address, or any other personal details necessary for accurate identification. 2. Amendment of Secured Party Information: When there are alterations to the secured party's information, such as a change in name, address, or contact details, the addendum is utilized to reflect these modifications accurately. 3. Collateral Description Amendment: Sometimes, a secured party might need to modify the description of the collateral covered by the UCC3 Financing Statement. This amendment addendum section provides space to clearly state the updated collateral details and ensure the accuracy of the recorded information. 4. Termination of Financing Statement: If the secured debt has been fully paid or the security interest no longer exists, this special type of amendment addendum is used to properly terminate the UCC3 Financing Statement on record, providing notice to interested parties that the security interest has been released. It is important to consult legal professionals or appropriate government authorities for precise guidelines and requirements when preparing a Portland Oregon UCC3 Financing Statement Amendment Addendum. Accuracy in filing and adherence to local regulations ensure that the addendum effectively conveys the desired changes while protecting the rights and interests of all involved parties.