The Pittsburgh Pennsylvania UCC3 Financing Statement Amendment Addendum refers to a legal document used to modify and update information provided in a UCC3 Financing Statement related to a transaction conducted in Pittsburgh, Pennsylvania. UCC3 stands for Uniform Commercial Code-3, a standardized set of laws that govern commercial transactions in the United States. This amendment addendum is primarily utilized when revisions or corrections are required in a previously filed UCC3 Financing Statement. It allows the parties involved to add, delete, or modify details pertaining to the debtor, secured party, collateral description, or any other essential information. Its purpose is to ensure accuracy, completeness, and transparency in UCC3 filings, which helps maintain the integrity of commercial transactions. Pittsburgh, Pennsylvania offers several types of UCC3 Financing Statement Amendment Addenda tailored to specific purposes. Some common variations include: 1. Debtor Name Amendment Addendum: This type of addendum is used when the debtor's name in the original UCC3 Financing Statement requires alteration, such as due to typographical errors, changes in legal name, or name changes as a result of marriage or divorce. 2. Collateral Amendment Addendum: When the collateral description provided in the initial UCC3 filing needs modification or clarification, this addendum is employed. It allows for changes in collateral details, such as adding or removing specific assets or revising existing descriptions. 3. Secured Party Amendment Addendum: In cases where changes occur regarding the secured party, such as a new lender assuming rights or an existing lender assigning its interest to another party, this addendum is used. It ensures accuracy and up-to-date information regarding the secured party's identity. 4. Termination Statement Amendment Addendum: This addendum is utilized when modifications or errors are found in a previously filed UCC3 Termination Statement. It allows for corrections, updates, or cancellations of the termination statement, ensuring the accuracy of records related to releasing a secured party's interest in collateral. 5. Continuation Statement Amendment Addendum: If there are any modifications, corrections, or updates required in a UCC3 Continuation Statement, which extends the initial filing's effectiveness, this addendum is necessary. It ensures that the continuation statement accurately reflects any changes in the debtor, secured party, or collateral details for ongoing security interest. In conclusion, the Pittsburgh Pennsylvania UCC3 Financing Statement Amendment Addendum is a vital legal document used to amend and update information in UCC3 Financing Statements. Its variant types cater to specific modifications required in debtor names, collateral descriptions, secured party details, termination statements, and continuation statements. Ensuring accuracy in these filings is crucial to maintain the transparency and efficacy of commercial transactions in Pittsburgh, Pennsylvania, and beyond.
Pittsburgh Pennsylvania UCC3 Financing Statement Amendment Addendum
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How to fill out Pittsburgh Pennsylvania UCC3 Financing Statement Amendment Addendum?
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