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 Fort Worth Texas UCC1 Financing Statement Addendum is a legal document that serves as an extension or modification to the original Uniform Commercial Code (UCC) filing for the purpose of providing additional information or making changes to the existing UCC1 Financing Statement in the state of Texas. The UCC1 Financing Statement Addendum is commonly used in commercial transactions, particularly those involving secured transactions where a creditor wants to establish their security interest or lien on particular collateral of the debtor. This addendum provides a comprehensive record of all relevant information related to the debtor and creditor, the collateral pledged as security, and any amendments or updates to the initial UCC1 Financing Statement. The relevant keywords associated with the Fort Worth Texas UCC1 Financing Statement Addendum include: 1. UCC1: The Uniform Commercial Code (UCC) is a body of laws that govern various commercial transactions, including sales, leases, and secured transactions. The UCC1 form is a standard document used to create a financing statement and establish a creditor's security interest in the debtor's assets. 2. Financing Statement: This is a legal document that provides public notice about a creditor's security interest in the collateral of the debtor. It typically contains information about the collateral, debtor, and secured party, as well as any amendments or addenda. 3. Addendum: An addendum is an additional document that supplements or modifies a main document. In the case of the UCC1 Financing Statement, the addendum is used to add or change information in the initial filing. 4. Collateral: Collateral refers to any property or assets that are pledged as security for a loan or credit agreement. In the context of the UCC1 Financing Statement Addendum, it includes specific details about the collateral being used to secure the debtor's obligations. 5. Secured Party: This term refers to the person or entity that holds the security interest in the collateral. The secured party may be a lender, financial institution, or any party that has extended credit or is owed money by the debtor. It is important to note that while the Fort Worth Texas UCC1 Financing Statement Addendum is a standard form, there may be different types of addenda depending on the specific changes or updates required. These variations could involve adding or removing collateral, modifying debtor information, updating the secured party's information, or making other amendments to the original filing. In summary, the Fort Worth Texas UCC1 Financing Statement Addendum is a crucial legal document used to modify or add additional information to the original UCC1 Financing Statement. It provides a comprehensive record of a secured party's security interest in the debtor's collateral and ensures proper public notice of the rights and claims.The Fort Worth Texas UCC1 Financing Statement Addendum is a legal document that serves as an extension or modification to the original Uniform Commercial Code (UCC) filing for the purpose of providing additional information or making changes to the existing UCC1 Financing Statement in the state of Texas. The UCC1 Financing Statement Addendum is commonly used in commercial transactions, particularly those involving secured transactions where a creditor wants to establish their security interest or lien on particular collateral of the debtor. This addendum provides a comprehensive record of all relevant information related to the debtor and creditor, the collateral pledged as security, and any amendments or updates to the initial UCC1 Financing Statement. The relevant keywords associated with the Fort Worth Texas UCC1 Financing Statement Addendum include: 1. UCC1: The Uniform Commercial Code (UCC) is a body of laws that govern various commercial transactions, including sales, leases, and secured transactions. The UCC1 form is a standard document used to create a financing statement and establish a creditor's security interest in the debtor's assets. 2. Financing Statement: This is a legal document that provides public notice about a creditor's security interest in the collateral of the debtor. It typically contains information about the collateral, debtor, and secured party, as well as any amendments or addenda. 3. Addendum: An addendum is an additional document that supplements or modifies a main document. In the case of the UCC1 Financing Statement, the addendum is used to add or change information in the initial filing. 4. Collateral: Collateral refers to any property or assets that are pledged as security for a loan or credit agreement. In the context of the UCC1 Financing Statement Addendum, it includes specific details about the collateral being used to secure the debtor's obligations. 5. Secured Party: This term refers to the person or entity that holds the security interest in the collateral. The secured party may be a lender, financial institution, or any party that has extended credit or is owed money by the debtor. It is important to note that while the Fort Worth Texas UCC1 Financing Statement Addendum is a standard form, there may be different types of addenda depending on the specific changes or updates required. These variations could involve adding or removing collateral, modifying debtor information, updating the secured party's information, or making other amendments to the original filing. In summary, the Fort Worth Texas UCC1 Financing Statement Addendum is a crucial legal document used to modify or add additional information to the original UCC1 Financing Statement. It provides a comprehensive record of a secured party's security interest in the debtor's collateral and ensures proper public notice of the rights and claims.
