Hillsboro Oregon UCC3 Financing Statement Amendment

• Category: Oregon Contracts - Uniform Commercial Code
• State: Oregon
• City: Hillsboro
• 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. Hillsboro Oregon UCC3 Financing Statement Amendment is a legal document filed to modify or update the information provided in a UCC3 Financing Statement for a particular secured transaction in Hillsboro, Oregon. UCC (Uniform Commercial Code) governs and regulates commercial transactions within the United States. The UCC3 Financing Statement Amendment is typically filed to reflect changes in the initial financing statement, ensuring accurate and current information for all parties involved. It acts as a way to protect the interests of both the secured party and the debtor by providing transparent and up-to-date details about the collateral securing the transaction. Keywords: 1. Hillsboro, Oregon: Refers to the specific location where this UCC3 Financing Statement Amendment is filed, indicating its jurisdiction. 2. UCC3 Financing Statement: This is the initial document filed to provide details about the debtor, the secured party, and the collateral in a secured transaction under the Uniform Commercial Code. 3. Amendment: Denotes the act of modifying, revising, or updating information within the original UCC3 Financing Statement. 4. Secured Transaction: Relates to a transaction in which a debtor pledges collateral to secure a loan or credit extended by the secured party. 5. Collateral: Refers to the assets or property pledged by the debtor as security for the repayment of the loan or credit. Types of Hillsboro Oregon UCC3 Financing Statement Amendments: 1. Debtor's Name Change Amendment: Filed when the debtor undergoes a legal name change, updating the UCC3 Financing Statement with the new name to ensure consistency and accuracy. 2. Collateral Addition or Release Amendment: Used when there is a need to add additional collateral to the financing statement or release specific collateral initially listed. 3. Termination or Discharge Amendment: Filed to indicate the termination or discharge of a UCC3 Financing Statement for a secured transaction, usually after the debt has been fully repaid or when the collateral is no longer required to secure the loan. 4. Amendment to Reflect Changes in Secured Party's Information: Used to update the UCC3 Financing Statement with the latest contact details or any other relevant information pertaining to the secured party. In summary, a Hillsboro Oregon UCC3 Financing Statement Amendment is a legal filing to modify or update the details provided in a UCC3 Financing Statement for a specific secured transaction in Hillsboro, Oregon, ensuring accurate and current information related to the collateral and parties involved. Various types of amendments may include debtor name changes, collateral addition or release, termination or discharge, and updates to the secured party's information.

Hillsboro Oregon UCC3 Financing Statement Amendment is a legal document filed to modify or update the information provided in a UCC3 Financing Statement for a particular secured transaction in Hillsboro, Oregon. UCC (Uniform Commercial Code) governs and regulates commercial transactions within the United States. The UCC3 Financing Statement Amendment is typically filed to reflect changes in the initial financing statement, ensuring accurate and current information for all parties involved. It acts as a way to protect the interests of both the secured party and the debtor by providing transparent and up-to-date details about the collateral securing the transaction. Keywords: 1. Hillsboro, Oregon: Refers to the specific location where this UCC3 Financing Statement Amendment is filed, indicating its jurisdiction. 2. UCC3 Financing Statement: This is the initial document filed to provide details about the debtor, the secured party, and the collateral in a secured transaction under the Uniform Commercial Code. 3. Amendment: Denotes the act of modifying, revising, or updating information within the original UCC3 Financing Statement. 4. Secured Transaction: Relates to a transaction in which a debtor pledges collateral to secure a loan or credit extended by the secured party. 5. Collateral: Refers to the assets or property pledged by the debtor as security for the repayment of the loan or credit. Types of Hillsboro Oregon UCC3 Financing Statement Amendments: 1. Debtor's Name Change Amendment: Filed when the debtor undergoes a legal name change, updating the UCC3 Financing Statement with the new name to ensure consistency and accuracy. 2. Collateral Addition or Release Amendment: Used when there is a need to add additional collateral to the financing statement or release specific collateral initially listed. 3. Termination or Discharge Amendment: Filed to indicate the termination or discharge of a UCC3 Financing Statement for a secured transaction, usually after the debt has been fully repaid or when the collateral is no longer required to secure the loan. 4. Amendment to Reflect Changes in Secured Party's Information: Used to update the UCC3 Financing Statement with the latest contact details or any other relevant information pertaining to the secured party. In summary, a Hillsboro Oregon UCC3 Financing Statement Amendment is a legal filing to modify or update the details provided in a UCC3 Financing Statement for a specific secured transaction in Hillsboro, Oregon, ensuring accurate and current information related to the collateral and parties involved. Various types of amendments may include debtor name changes, collateral addition or release, termination or discharge, and updates to the secured party's information.