UCC3 - Financing Statement Amendment Addendum - Texas - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
The Amarillo Texas UCC3 Financing Statement Amendment Addendum is a legal document that allows individuals or businesses to make changes or amendments to their existing UCC3 financing statement. This document is governed by the Uniform Commercial Code (UCC) regulations in the state of Texas and is commonly used in financial transactions. The purpose of the UCC3 Financing Statement Amendment Addendum is to update or modify specific information previously filed on a financing statement. This amendment can be used to correct any errors, update contact or collateral information, add or remove secured parties, or make any other necessary changes. Keywords related to this topic include Amarillo Texas, UCC3 financing statement, amendment, addendum, legal document, Uniform Commercial Code, financial transactions, errors, update, collateral information, secured parties. There may be different types of Amarillo Texas UCC3 financing statement amendment addendums, depending on the specific changes being made. Some common types include: 1. Correction Amendment: This type of amendment is used to rectify any mistakes or errors found in the original financing statement. It could include correcting misspelled names, inaccurate addresses, or wrong collateral descriptions. 2. Amendment to Add Secured Parties: This type of amendment is filed when an additional secured party needs to be added to the financing statement. It includes providing the necessary information about the new secured party, such as their name, address, and contact details. 3. Amendment to Remove Secured Parties: This amendment is used to remove a secured party from the existing financing statement. It may be necessary if the secured party's interest has been satisfied or if they are no longer involved in the transaction. 4. Collateral Description Amendment: This type of addendum is filed to update or modify the collateral description previously mentioned in the financing statement. It ensures accuracy by reflecting any changes in the types or details of the collateral. 5. Amendment to Change Contact Information: If there are any changes in the contact details of the debtor or secured party, this amendment should be used to update the information. It includes modifying names, addresses, phone numbers, or email addresses. 6. Amendment to Terminate Financing Statement: In some cases, when a debt has been fully repaid or the transaction has ended, a termination amendment is filed to declare that the financing statement is no longer valid or enforceable. This ensures that the collateral is released and no longer encumbered. In conclusion, the Amarillo Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document for modifying and updating information on an existing UCC3 financing statement. It allows for corrections, additions, removals, updates, and terminations, ensuring the accuracy and validity of the financial transaction details.The Amarillo Texas UCC3 Financing Statement Amendment Addendum is a legal document that allows individuals or businesses to make changes or amendments to their existing UCC3 financing statement. This document is governed by the Uniform Commercial Code (UCC) regulations in the state of Texas and is commonly used in financial transactions. The purpose of the UCC3 Financing Statement Amendment Addendum is to update or modify specific information previously filed on a financing statement. This amendment can be used to correct any errors, update contact or collateral information, add or remove secured parties, or make any other necessary changes. Keywords related to this topic include Amarillo Texas, UCC3 financing statement, amendment, addendum, legal document, Uniform Commercial Code, financial transactions, errors, update, collateral information, secured parties. There may be different types of Amarillo Texas UCC3 financing statement amendment addendums, depending on the specific changes being made. Some common types include: 1. Correction Amendment: This type of amendment is used to rectify any mistakes or errors found in the original financing statement. It could include correcting misspelled names, inaccurate addresses, or wrong collateral descriptions. 2. Amendment to Add Secured Parties: This type of amendment is filed when an additional secured party needs to be added to the financing statement. It includes providing the necessary information about the new secured party, such as their name, address, and contact details. 3. Amendment to Remove Secured Parties: This amendment is used to remove a secured party from the existing financing statement. It may be necessary if the secured party's interest has been satisfied or if they are no longer involved in the transaction. 4. Collateral Description Amendment: This type of addendum is filed to update or modify the collateral description previously mentioned in the financing statement. It ensures accuracy by reflecting any changes in the types or details of the collateral. 5. Amendment to Change Contact Information: If there are any changes in the contact details of the debtor or secured party, this amendment should be used to update the information. It includes modifying names, addresses, phone numbers, or email addresses. 6. Amendment to Terminate Financing Statement: In some cases, when a debt has been fully repaid or the transaction has ended, a termination amendment is filed to declare that the financing statement is no longer valid or enforceable. This ensures that the collateral is released and no longer encumbered. In conclusion, the Amarillo Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document for modifying and updating information on an existing UCC3 financing statement. It allows for corrections, additions, removals, updates, and terminations, ensuring the accuracy and validity of the financial transaction details.
