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 Dallas Texas UCC1 Financing Statement Addendum is a critical document that provides supplementary information to the primary financing statement filed under the Uniform Commercial Code (UCC). This addendum is specifically designed for businesses or individuals operating in the Dallas, Texas area, and it serves as an extension of the basic UCC1 form. By filing a UCC1 Financing Statement Addendum in Dallas, Texas, individuals and businesses can enhance their financial security and protect their interests in various transactions. This document acts as a public notice, alerting potential lenders or creditors about existing or potential security interests in specific collateral or assets. There are several types of UCC1 Financing Statement Addendum available in Dallas, Texas, designed to address different situations or conditions. Some common types include: 1. Collateral Specification Addendum: This addendum provides specific details regarding the collateral or assets being used as security in a financial arrangement. It describes the type, quantity, and any relevant identification numbers or serial numbers of the collateral. 2. Debtor Information Addendum: This particular addendum focuses on providing comprehensive debtor information to facilitate accurate identification and contact. It includes details such as the debtor's legal name, address, social security number (if an individual debtor), and organizational information (if a business debtor). 3. Secured Party Information Addendum: This addendum aims to provide detailed information about the secured party or parties involved in the financing arrangement. It includes their legal name, address, and contact details, ensuring proper communication and facilitating potential negotiations. 4. Additional Provisions/Amendments Addendum: This addendum allows for additional provisions or amendments to be included in the initial financing statement. It enables parties to modify or add terms that may affect the security agreement or the rights and obligations of the parties involved. 5. Termination Addendum: If there is a need to terminate a previously filed UCC1 Financing Statement, this addendum is used to provide the necessary information and request termination. It ensures that the public record accurately reflects the termination of the security interest. The Dallas Texas UCC1 Financing Statement Addendum is a vital tool for businesses and individuals seeking to establish and maintain their legal and financial rights in various transactions. By choosing the appropriate addendum based on the context and requirements of the transaction, entities can enforce their security interests, provide necessary details, and navigate the complexities of UCC regulations effectively.
