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.
Dallas Texas UCC3 Financing Statement Amendment Addendum is a legal document that is used to make changes or revisions to an existing UCC3 Financing Statement in Dallas, Texas. The UCC3 Financing Statement is a document filed to protect a secured party's interest in collateral provided for a loan or financial transaction. The Dallas Texas UCC3 Financing Statement Amendment Addendum is a crucial tool for lenders and borrowers to update or modify the original UCC3 Financing Statement when there have been changes in the underlying loan agreement or collateral. This addendum ensures that the UCC3 Financing Statement remains accurate and reflects the most current information regarding the debt and collateral. Some common types of Dallas Texas UCC3 Financing Statement Amendment Addendums include: 1. Collateral Changes: This type of amendment addendum is used when there are changes in the collateral provided by the debtor to secure the loan. It may involve adding new collateral, removing existing collateral, or substituting collateral. 2. Amendment of Secured Party Information: If there are any changes in the secured party's name, address, or other relevant details, an amendment addendum is necessary to update the UCC3 Financing Statement with the revised information. 3. Changes in Loan Agreement Terms: If there have been modifications or amendments made to the loan agreement, such as changes to the interest rate, repayment terms, or extension of the loan's maturity date, an amendment addendum must be filed to reflect these changes accurately. 4. Termination or Release of UCC3 Financing Statement: When the loan is fully repaid, and there is no longer a secured interest in the collateral, a termination or release amendment addendum is filed to remove the UCC3 Financing Statement from the public record. It is important to note that filing a Dallas Texas UCC3 Financing Statement Amendment Addendum requires adherence to specific legal procedures and deadlines. Typically, the amendment addendum should be filed with the same office where the initial UCC3 Financing Statement was recorded, following the prescribed guidelines set by the Texas Uniform Commercial Code (UCC). By utilizing the Dallas Texas UCC3 Financing Statement Amendment Addendum, lenders and borrowers can ensure that their UCC3 Financing Statement remains accurate and up to date, providing necessary legal protection and clarity in case of any disputes or financial transactions involving the collateral.Dallas Texas UCC3 Financing Statement Amendment Addendum is a legal document that is used to make changes or revisions to an existing UCC3 Financing Statement in Dallas, Texas. The UCC3 Financing Statement is a document filed to protect a secured party's interest in collateral provided for a loan or financial transaction. The Dallas Texas UCC3 Financing Statement Amendment Addendum is a crucial tool for lenders and borrowers to update or modify the original UCC3 Financing Statement when there have been changes in the underlying loan agreement or collateral. This addendum ensures that the UCC3 Financing Statement remains accurate and reflects the most current information regarding the debt and collateral. Some common types of Dallas Texas UCC3 Financing Statement Amendment Addendums include: 1. Collateral Changes: This type of amendment addendum is used when there are changes in the collateral provided by the debtor to secure the loan. It may involve adding new collateral, removing existing collateral, or substituting collateral. 2. Amendment of Secured Party Information: If there are any changes in the secured party's name, address, or other relevant details, an amendment addendum is necessary to update the UCC3 Financing Statement with the revised information. 3. Changes in Loan Agreement Terms: If there have been modifications or amendments made to the loan agreement, such as changes to the interest rate, repayment terms, or extension of the loan's maturity date, an amendment addendum must be filed to reflect these changes accurately. 4. Termination or Release of UCC3 Financing Statement: When the loan is fully repaid, and there is no longer a secured interest in the collateral, a termination or release amendment addendum is filed to remove the UCC3 Financing Statement from the public record. It is important to note that filing a Dallas Texas UCC3 Financing Statement Amendment Addendum requires adherence to specific legal procedures and deadlines. Typically, the amendment addendum should be filed with the same office where the initial UCC3 Financing Statement was recorded, following the prescribed guidelines set by the Texas Uniform Commercial Code (UCC). By utilizing the Dallas Texas UCC3 Financing Statement Amendment Addendum, lenders and borrowers can ensure that their UCC3 Financing Statement remains accurate and up to date, providing necessary legal protection and clarity in case of any disputes or financial transactions involving the collateral.
