Eugene Oregon UCC3 Financing Statement Amendment

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

Description

UCC3 - Financing Statement Amendment - Oregon - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes. Eugene, Oregon UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 financing statement. UCC3 refers to the Uniform Commercial Code Article 3, which governs negotiable instruments such as promissory notes, checking accounts, and certificates of deposit. This amendment is crucial for maintaining accurate and up-to-date information regarding existing financing statements. The Eugene, Oregon UCC3 Financing Statement Amendment is necessary when modifications need to be made to the original financing statement. It accommodates changes in debtor information, collateral descriptions, or other relevant details. By filing this amendment, lenders, debtors, and other interested parties ensure that the public record accurately reflects the current state of the collateral being pledged. Keywords: Eugene, Oregon, UCC3 Financing Statement Amendment, legal document, changes, updates, UCC3, negotiable instruments, promissory notes, checking accounts, certificates of deposit, amendments, maintaining accuracy, debtor information, collateral descriptions, public record, pledging collateral. Types of Eugene, Oregon UCC3 Financing Statement Amendments could include: 1. Debtor Information Change Amendment: When there is a change in the debtor's name, address, or other identifying details, this amendment is filed to update the financing statement with the correct information. 2. Collateral Modification Amendment: If there are changes in the secured party's collateral or the description thereof, this type of amendment is necessary to ensure accurate representation of the collateral being pledged. 3. Termination Amendment: When the financing statement is no longer valid due to full repayment or other reasons, a termination amendment is filed to remove the financing statement from the public record. 4. Assignee Amendment: In cases where the secured party transfers or assigns their interest in the collateral to another party, an assignee amendment is filed to reflect the new secured party's details. 5. Continuation Amendment: UCC3 financing statements have a limited duration, typically five years. A continuation amendment is filed to extend the original financing statement's effectiveness before it expires. 6. Partial Release or Partial Discharge Amendment: If the debtor has fulfilled their obligations partially, allowing for the release or discharge of certain collateral, this amendment is filed to reflect the updated status of the secured party's interest. Keywords: Debtor information change amendment, collateral modification amendment, termination amendment, assignee amendment, continuation amendment, partial release, partial discharge amendment.

Eugene, Oregon UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 financing statement. UCC3 refers to the Uniform Commercial Code Article 3, which governs negotiable instruments such as promissory notes, checking accounts, and certificates of deposit. This amendment is crucial for maintaining accurate and up-to-date information regarding existing financing statements. The Eugene, Oregon UCC3 Financing Statement Amendment is necessary when modifications need to be made to the original financing statement. It accommodates changes in debtor information, collateral descriptions, or other relevant details. By filing this amendment, lenders, debtors, and other interested parties ensure that the public record accurately reflects the current state of the collateral being pledged. Keywords: Eugene, Oregon, UCC3 Financing Statement Amendment, legal document, changes, updates, UCC3, negotiable instruments, promissory notes, checking accounts, certificates of deposit, amendments, maintaining accuracy, debtor information, collateral descriptions, public record, pledging collateral. Types of Eugene, Oregon UCC3 Financing Statement Amendments could include: 1. Debtor Information Change Amendment: When there is a change in the debtor's name, address, or other identifying details, this amendment is filed to update the financing statement with the correct information. 2. Collateral Modification Amendment: If there are changes in the secured party's collateral or the description thereof, this type of amendment is necessary to ensure accurate representation of the collateral being pledged. 3. Termination Amendment: When the financing statement is no longer valid due to full repayment or other reasons, a termination amendment is filed to remove the financing statement from the public record. 4. Assignee Amendment: In cases where the secured party transfers or assigns their interest in the collateral to another party, an assignee amendment is filed to reflect the new secured party's details. 5. Continuation Amendment: UCC3 financing statements have a limited duration, typically five years. A continuation amendment is filed to extend the original financing statement's effectiveness before it expires. 6. Partial Release or Partial Discharge Amendment: If the debtor has fulfilled their obligations partially, allowing for the release or discharge of certain collateral, this amendment is filed to reflect the updated status of the secured party's interest. Keywords: Debtor information change amendment, collateral modification amendment, termination amendment, assignee amendment, continuation amendment, partial release, partial discharge amendment.