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 Frisco Texas UCC1 Financing Statement Addendum is a legal document used in the state of Texas to provide additional information to the UCC1 Financing Statement. This extra information helps clarify or modify certain aspects of the original statement, making it more comprehensive and accurate. Keywords: Frisco Texas, UCC1 Financing Statement Addendum, legal document, state of Texas, additional information, UCC1 Financing Statement, clarify, modify, comprehensive, accurate. Different types of Frisco Texas UCC1 Financing Statement Addendums may include: 1. Collateral Description Addendum: This addendum is used to provide a more specific and detailed description of the collateral being used as security for a loan or sales agreement. It may include details such as the make, model, serial number, or any other specific identification markers related to the collateral. 2. Debtor Information Amendment Addendum: This addendum is utilized to update or correct debtor information on the UCC1 Financing Statement. It may include changes or updates to the debtor's legal name, mailing address, jurisdiction of organization, or any other relevant details. 3. Secured Party Information Amendment Addendum: This addendum is used to modify or update information about the secured party listed on the UCC1 Financing Statement. It may include changes or updates to the secured party's legal name, mailing address, contact information, or any other pertinent details. 4. Continuation Addendum: This addendum is utilized to extend the duration of the UCC1 Financing Statement when it is set to expire. It ensures that the security interest remains in effect, providing protection for the secured party's rights over the collateral for an extended period of time. 5. Termination Addendum: This addendum is used to officially terminate or release the UCC1 Financing Statement. It is required when the debt has been fully paid, the collateral has been reclaimed, or when the secured party no longer has any interest in the collateral. The termination addendum ensures that the UCC1 Financing Statement is removed from public records, indicating the release of the security interest. In conclusion, the Frisco Texas UCC1 Financing Statement Addendum is a legal document used to provide additional information or make modifications to the original UCC1 Financing Statement. Different types of addendums may include collateral description, debtor information amendment, secured party information amendment, continuation, and termination addendums. These addendums help ensure accuracy, clarity, and compliance in securing and documenting financial transactions.The Frisco Texas UCC1 Financing Statement Addendum is a legal document used in the state of Texas to provide additional information to the UCC1 Financing Statement. This extra information helps clarify or modify certain aspects of the original statement, making it more comprehensive and accurate. Keywords: Frisco Texas, UCC1 Financing Statement Addendum, legal document, state of Texas, additional information, UCC1 Financing Statement, clarify, modify, comprehensive, accurate. Different types of Frisco Texas UCC1 Financing Statement Addendums may include: 1. Collateral Description Addendum: This addendum is used to provide a more specific and detailed description of the collateral being used as security for a loan or sales agreement. It may include details such as the make, model, serial number, or any other specific identification markers related to the collateral. 2. Debtor Information Amendment Addendum: This addendum is utilized to update or correct debtor information on the UCC1 Financing Statement. It may include changes or updates to the debtor's legal name, mailing address, jurisdiction of organization, or any other relevant details. 3. Secured Party Information Amendment Addendum: This addendum is used to modify or update information about the secured party listed on the UCC1 Financing Statement. It may include changes or updates to the secured party's legal name, mailing address, contact information, or any other pertinent details. 4. Continuation Addendum: This addendum is utilized to extend the duration of the UCC1 Financing Statement when it is set to expire. It ensures that the security interest remains in effect, providing protection for the secured party's rights over the collateral for an extended period of time. 5. Termination Addendum: This addendum is used to officially terminate or release the UCC1 Financing Statement. It is required when the debt has been fully paid, the collateral has been reclaimed, or when the secured party no longer has any interest in the collateral. The termination addendum ensures that the UCC1 Financing Statement is removed from public records, indicating the release of the security interest. In conclusion, the Frisco Texas UCC1 Financing Statement Addendum is a legal document used to provide additional information or make modifications to the original UCC1 Financing Statement. Different types of addendums may include collateral description, debtor information amendment, secured party information amendment, continuation, and termination addendums. These addendums help ensure accuracy, clarity, and compliance in securing and documenting financial transactions.
