UCC1 - Financing Statement Addendum - Texas - For use after July 1, 2001. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.
The Abilene Texas UCC1 Financing Statement Addendum is a crucial document used in commercial transactions to provide additional information and clarification. It serves as an extension to the UCC1 Financing Statement, which itself is a legal form used to secure a creditor's interest in a borrower's personal property or assets. The UCC1 Financing Statement Addendum comes into play when the initial UCC1 Financing Statement needs additional details that couldn't be accommodated in the original form. This addendum enables the creditor to include supplementary information to accurately describe the collateral pledged as security. In Abilene, Texas, there are two commonly known types of UCC1 Financing Statement Addendum: 1. Abilene Texas UCC1 Financing Statement Addendum — Real Estate Collateral: This specific addendum is utilized when the secured party holds an interest in real property as collateral. It provides specific details regarding the property, such as legal descriptions, addresses, and any associated encumbrances. 2. Abilene Texas UCC1 Financing Statement Addendum — Motor Vehicle Collateral: This type of addendum is applicable when the creditor secures an interest in a motor vehicle, such as cars, trucks, motorcycles, or recreational vehicles. It includes comprehensive information about the vehicle, such as the make, model, year, vehicle identification number (VIN), and any associated liens or titles. Keywords: Abilene, Texas, UCC1 Financing Statement Addendum, commercial transactions, UCC1 Financing Statement, legal form, secure creditor's interest, personal property, collateral, supplementary information, borrower's assets, Real Estate Collateral, motor vehicle collateral, secured party, legal description, address, encumbrances, make, model, year, vehicle identification number (VIN), liens, titles.The Abilene Texas UCC1 Financing Statement Addendum is a crucial document used in commercial transactions to provide additional information and clarification. It serves as an extension to the UCC1 Financing Statement, which itself is a legal form used to secure a creditor's interest in a borrower's personal property or assets. The UCC1 Financing Statement Addendum comes into play when the initial UCC1 Financing Statement needs additional details that couldn't be accommodated in the original form. This addendum enables the creditor to include supplementary information to accurately describe the collateral pledged as security. In Abilene, Texas, there are two commonly known types of UCC1 Financing Statement Addendum: 1. Abilene Texas UCC1 Financing Statement Addendum — Real Estate Collateral: This specific addendum is utilized when the secured party holds an interest in real property as collateral. It provides specific details regarding the property, such as legal descriptions, addresses, and any associated encumbrances. 2. Abilene Texas UCC1 Financing Statement Addendum — Motor Vehicle Collateral: This type of addendum is applicable when the creditor secures an interest in a motor vehicle, such as cars, trucks, motorcycles, or recreational vehicles. It includes comprehensive information about the vehicle, such as the make, model, year, vehicle identification number (VIN), and any associated liens or titles. Keywords: Abilene, Texas, UCC1 Financing Statement Addendum, commercial transactions, UCC1 Financing Statement, legal form, secure creditor's interest, personal property, collateral, supplementary information, borrower's assets, Real Estate Collateral, motor vehicle collateral, secured party, legal description, address, encumbrances, make, model, year, vehicle identification number (VIN), liens, titles.