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.
Bexar Texas UCC1 Financing Statement Addendum is a legal document that serves as an attachment to a UCC1 Financing Statement in the state of Texas. The UCC1 Financing Statement Addendum provides additional information or amendments to the initial UCC1 Financing Statement and ensures accuracy and clarity in recording secured transactions involving personal property. In Bexar County, Texas, there are a few different types of UCC1 Financing Statement Addendums that can be used: 1. Amendment Addendum: This type of addendum is used to make changes or modifications to the original UCC1 Financing Statement. It may include revisions to debtor information, collateral descriptions, or other relevant details. Filing an amendment addendum ensures the public record accurately reflects any updates or corrections to the original filing. 2. Assignment Addendum: An assignment addendum is used to transfer the rights or interests in a secured transaction from one party to another. It is submitted to provide notice to interested parties that the security interest or lien has been reassigned to a new creditor. This type of addendum is commonly used in situations involving the sale or transfer of assets or loans. 3. Termination Addendum: This addendum is utilized when a secured party wants to terminate or release their security interest in the collateral described in the original UCC1 Financing Statement. By filing a termination addendum, the secured party notifies interested parties that their interest in the collateral is no longer active or enforceable. It's important to note that these addendums must comply with the rules and guidelines set forth by the Texas Secretary of State's office. The UCC1 Financing Statement Addendum plays a crucial role in ensuring accuracy, transparency, and legal compliance in secured transactions involving personal property in Bexar County, Texas.Bexar Texas UCC1 Financing Statement Addendum is a legal document that serves as an attachment to a UCC1 Financing Statement in the state of Texas. The UCC1 Financing Statement Addendum provides additional information or amendments to the initial UCC1 Financing Statement and ensures accuracy and clarity in recording secured transactions involving personal property. In Bexar County, Texas, there are a few different types of UCC1 Financing Statement Addendums that can be used: 1. Amendment Addendum: This type of addendum is used to make changes or modifications to the original UCC1 Financing Statement. It may include revisions to debtor information, collateral descriptions, or other relevant details. Filing an amendment addendum ensures the public record accurately reflects any updates or corrections to the original filing. 2. Assignment Addendum: An assignment addendum is used to transfer the rights or interests in a secured transaction from one party to another. It is submitted to provide notice to interested parties that the security interest or lien has been reassigned to a new creditor. This type of addendum is commonly used in situations involving the sale or transfer of assets or loans. 3. Termination Addendum: This addendum is utilized when a secured party wants to terminate or release their security interest in the collateral described in the original UCC1 Financing Statement. By filing a termination addendum, the secured party notifies interested parties that their interest in the collateral is no longer active or enforceable. It's important to note that these addendums must comply with the rules and guidelines set forth by the Texas Secretary of State's office. The UCC1 Financing Statement Addendum plays a crucial role in ensuring accuracy, transparency, and legal compliance in secured transactions involving personal property in Bexar County, Texas.
