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 Houston Texas UCC1 Financing Statement Addendum is a legal document used to provide additional information or clarify details on a UCC1 Financing Statement that has already been filed with the appropriate authorities. This addendum is often necessary when there is a need to make amendments, update collateral information, or include other supplemental information that was not originally covered in the initial UCC1 filing. Keywords: 1. Houston, Texas: Specifies the jurisdiction where the UCC1 Financing Statement Addendum is being filed. This indicates that the document is applicable to entities operating within the state of Texas, specifically in the city of Houston. 2. UCC1 Financing Statement: Refers to the initial document filed to record a security interest in personal property (collateral) to secure a loan. It is filed with the Secretary of State or other similar state agencies. The UCC1 Financing Statement outlines the borrower's information, secured party's details, and collateral description. 3. Addendum: An addition or supplemental attachment made to the original UCC1 Financing Statement. The addendum provides further explanation, updates, or corrections to ensure accuracy and clarity. 4. Legal Document: A formal written instrument that outlines terms, conditions, and information concerning a specific legal matter. Here, the UCC1 Financing Statement Addendum serves as a legally binding document to offer additional information in compliance with the applicable laws and regulations. 5. Collateral: Property or assets that are pledged as security for a loan or debt. The collateral provides the lender with the right to take possession of the property or sell it in the event of non-payment or default. The addendum may include details regarding the description, value, or changes to the collateral identified in the original UCC1 filing. Different Types (if applicable): While the Houston Texas UCC1 Financing Statement Addendum is a standard document, there may be different versions or types based on the specific requirements and circumstances. These could include: 1. Amendment Addendum: When there is a need to modify or correct specific information on the original UCC1 Financing Statement, an amendment addendum would be filed. This can involve correcting errors in the debtor's or secured party's information, updating the collateral description, or changing other relevant details. 2. Supplemental Addendum: If there is a need to include additional information that was not covered in the original UCC1 Financing Statement, a supplemental addendum will be used. This can be used to add new collateral, insert additional secured parties, or provide any other relevant details not initially mentioned. 3. Termination Addendum: In situations where the secured debt has been fully repaid, released, or otherwise satisfied, a termination addendum can be filed. This addendum typically states that the UCC1 Financing Statement is no longer in effect and that all rights to the collateral have been relinquished. It is important to consult legal professionals or conducting research specific to the state of Texas and Houston to ensure accuracy and compliance when dealing with UCC1 Financing Statement Addendums.The Houston Texas UCC1 Financing Statement Addendum is a legal document used to provide additional information or clarify details on a UCC1 Financing Statement that has already been filed with the appropriate authorities. This addendum is often necessary when there is a need to make amendments, update collateral information, or include other supplemental information that was not originally covered in the initial UCC1 filing. Keywords: 1. Houston, Texas: Specifies the jurisdiction where the UCC1 Financing Statement Addendum is being filed. This indicates that the document is applicable to entities operating within the state of Texas, specifically in the city of Houston. 2. UCC1 Financing Statement: Refers to the initial document filed to record a security interest in personal property (collateral) to secure a loan. It is filed with the Secretary of State or other similar state agencies. The UCC1 Financing Statement outlines the borrower's information, secured party's details, and collateral description. 3. Addendum: An addition or supplemental attachment made to the original UCC1 Financing Statement. The addendum provides further explanation, updates, or corrections to ensure accuracy and clarity. 4. Legal Document: A formal written instrument that outlines terms, conditions, and information concerning a specific legal matter. Here, the UCC1 Financing Statement Addendum serves as a legally binding document to offer additional information in compliance with the applicable laws and regulations. 5. Collateral: Property or assets that are pledged as security for a loan or debt. The collateral provides the lender with the right to take possession of the property or sell it in the event of non-payment or default. The addendum may include details regarding the description, value, or changes to the collateral identified in the original UCC1 filing. Different Types (if applicable): While the Houston Texas UCC1 Financing Statement Addendum is a standard document, there may be different versions or types based on the specific requirements and circumstances. These could include: 1. Amendment Addendum: When there is a need to modify or correct specific information on the original UCC1 Financing Statement, an amendment addendum would be filed. This can involve correcting errors in the debtor's or secured party's information, updating the collateral description, or changing other relevant details. 2. Supplemental Addendum: If there is a need to include additional information that was not covered in the original UCC1 Financing Statement, a supplemental addendum will be used. This can be used to add new collateral, insert additional secured parties, or provide any other relevant details not initially mentioned. 3. Termination Addendum: In situations where the secured debt has been fully repaid, released, or otherwise satisfied, a termination addendum can be filed. This addendum typically states that the UCC1 Financing Statement is no longer in effect and that all rights to the collateral have been relinquished. It is important to consult legal professionals or conducting research specific to the state of Texas and Houston to ensure accuracy and compliance when dealing with UCC1 Financing Statement Addendums.