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 San Antonio Texas UCC1 Financing Statement Addendum refers to a legal document that is used to provide additional information and details regarding a UCC1 Financing Statement in the state of Texas, specifically in San Antonio. UCC1 stands for Uniform Commercial Code 1, which is a standard form used to record information about a security interest in personal property. The UCC1 Financing Statement Addendum is an additional form that can be attached to the original UCC1 Financing Statement if there is a need to provide extra information or modify certain details. It serves as a supplement to the main document and adds specificity to the original filing. This addendum can be used for various types of UCC filings such as mortgage or lien on personal property, commercial transactions, security agreements, lease agreements, or any situation where a security interest is taken in personal property as collateral. The specific type of addendum required may depend on the nature of the transaction or the specific requirements of the parties involved. Some examples of the different types of UCC1 Financing Statement Addendums that may be used in San Antonio, Texas, include: 1. Amendment Addendum: This addendum is used to modify or amend information provided in the original UCC1 Financing Statement. It may include changes to the debtor's name, address, or other relevant details. Amendments are usually filed to update information or correct any errors in the original filing. 2. Collateral Addendum: This addendum is used to provide additional details about the collateral being pledged as security. It may include a more specific description of the collateral, its quantity, value, or any other relevant information that may further clarify the security interest. 3. Assignment Addendum: This addendum is used to indicate any assignment or transfer of the security interest from the original secured party to a new secured party. It may include details about the assignee or transferee, their address, and any relevant information about the assignment. 4. Termination Addendum: This addendum is used when the security interest is being terminated or released. It indicates the satisfaction of the debt or other conditions that rendered the security interest obsolete. It may include details about the termination date, the name of the party releasing the interest, and any other relevant information to confirm the termination. The San Antonio Texas UCC1 Financing Statement Addendum serves as an important tool in ensuring accuracy, transparency, and completeness in the recording of security interests. It allows for additional information to be disclosed, modifications to be made, or termination of the interest to be documented, thus ensuring legal compliance and protecting the interests of the parties involved.The San Antonio Texas UCC1 Financing Statement Addendum refers to a legal document that is used to provide additional information and details regarding a UCC1 Financing Statement in the state of Texas, specifically in San Antonio. UCC1 stands for Uniform Commercial Code 1, which is a standard form used to record information about a security interest in personal property. The UCC1 Financing Statement Addendum is an additional form that can be attached to the original UCC1 Financing Statement if there is a need to provide extra information or modify certain details. It serves as a supplement to the main document and adds specificity to the original filing. This addendum can be used for various types of UCC filings such as mortgage or lien on personal property, commercial transactions, security agreements, lease agreements, or any situation where a security interest is taken in personal property as collateral. The specific type of addendum required may depend on the nature of the transaction or the specific requirements of the parties involved. Some examples of the different types of UCC1 Financing Statement Addendums that may be used in San Antonio, Texas, include: 1. Amendment Addendum: This addendum is used to modify or amend information provided in the original UCC1 Financing Statement. It may include changes to the debtor's name, address, or other relevant details. Amendments are usually filed to update information or correct any errors in the original filing. 2. Collateral Addendum: This addendum is used to provide additional details about the collateral being pledged as security. It may include a more specific description of the collateral, its quantity, value, or any other relevant information that may further clarify the security interest. 3. Assignment Addendum: This addendum is used to indicate any assignment or transfer of the security interest from the original secured party to a new secured party. It may include details about the assignee or transferee, their address, and any relevant information about the assignment. 4. Termination Addendum: This addendum is used when the security interest is being terminated or released. It indicates the satisfaction of the debt or other conditions that rendered the security interest obsolete. It may include details about the termination date, the name of the party releasing the interest, and any other relevant information to confirm the termination. The San Antonio Texas UCC1 Financing Statement Addendum serves as an important tool in ensuring accuracy, transparency, and completeness in the recording of security interests. It allows for additional information to be disclosed, modifications to be made, or termination of the interest to be documented, thus ensuring legal compliance and protecting the interests of the parties involved.