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.
Pasadena Texas UCC1 Financing Statement Addendum is a legal document that serves as an extension or attachment to the UCC1 Financing Statement. It provides supplementary information regarding the security interest claimed by secured parties in collateral. This addendum is designed to ensure accuracy and completeness of the filed UCC1 Financing Statement. The Pasadena Texas UCC1 Financing Statement Addendum must be filed with the Texas Secretary of State, providing essential details such as debtor information, collateral description, and secured party information. It is aimed at expanding upon the initial UCC1 filing to provide a comprehensive overview of the security agreement. There are various types of Pasadena Texas UCC1 Financing Statement Addendums that may be utilized depending on specific circumstances: 1. General Addendum: This addendum is commonly used to include additional collateral or modify existing collateral descriptions. It allows secured parties to make amendments to the UCC1 Financing Statement related to changes in the security interest. 2. Termination Addendum: A termination addendum is utilized when a secured party wishes to terminate their security interest in a particular collateral. This addendum ensures the accurate record-keeping of terminated security interests. 3. Amendment Addendum: An amendment addendum is used when changes need to be made to the previously filed UCC1 Financing Statement. This could include correcting errors, adding or removing collateral, or modifying debtor or secured party information. 4. Continuation Addendum: A continuation addendum is filed to extend the duration of the initial UCC1 Financing Statement. In Texas, the default duration is five years, and this addendum helps maintain the secured party's priority by keeping the filing active. 5. Assignment Addendum: Secured parties may use an assignment addendum when transferring their security interest to another party. This addendum ensures the accurate recording of changes in ownership of the security agreement. It is important to note that the specific requirements and procedures for filing a Pasadena Texas UCC1 Financing Statement Addendum may vary, and it is advisable to consult with legal professionals for guidance to ensure compliance with local regulations and laws.Pasadena Texas UCC1 Financing Statement Addendum is a legal document that serves as an extension or attachment to the UCC1 Financing Statement. It provides supplementary information regarding the security interest claimed by secured parties in collateral. This addendum is designed to ensure accuracy and completeness of the filed UCC1 Financing Statement. The Pasadena Texas UCC1 Financing Statement Addendum must be filed with the Texas Secretary of State, providing essential details such as debtor information, collateral description, and secured party information. It is aimed at expanding upon the initial UCC1 filing to provide a comprehensive overview of the security agreement. There are various types of Pasadena Texas UCC1 Financing Statement Addendums that may be utilized depending on specific circumstances: 1. General Addendum: This addendum is commonly used to include additional collateral or modify existing collateral descriptions. It allows secured parties to make amendments to the UCC1 Financing Statement related to changes in the security interest. 2. Termination Addendum: A termination addendum is utilized when a secured party wishes to terminate their security interest in a particular collateral. This addendum ensures the accurate record-keeping of terminated security interests. 3. Amendment Addendum: An amendment addendum is used when changes need to be made to the previously filed UCC1 Financing Statement. This could include correcting errors, adding or removing collateral, or modifying debtor or secured party information. 4. Continuation Addendum: A continuation addendum is filed to extend the duration of the initial UCC1 Financing Statement. In Texas, the default duration is five years, and this addendum helps maintain the secured party's priority by keeping the filing active. 5. Assignment Addendum: Secured parties may use an assignment addendum when transferring their security interest to another party. This addendum ensures the accurate recording of changes in ownership of the security agreement. It is important to note that the specific requirements and procedures for filing a Pasadena Texas UCC1 Financing Statement Addendum may vary, and it is advisable to consult with legal professionals for guidance to ensure compliance with local regulations and laws.
