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.
Odessa Texas UCC3 Financing Statement Amendment Addendum is a legal document that modifies or updates a previously filed UCC3 Financing Statement in Odessa, Texas. UCC3 stands for Uniform Commercial Code Form 3, which deals with security interests in various types of assets. This addendum is crucial for maintaining accuracy and reflecting any changes or corrections to the original financing statement. The main purpose of an Odessa Texas UCC3 Financing Statement Amendment Addendum is to protect the rights and interests of secured parties involved in a commercial transaction. By filing this document, creditors can ensure that they have a valid claim against the collateral pledged by a debtor. Keywords: Odessa, Texas, UCC3 Financing Statement, Amendment Addendum, legal document, modifies, updates, previously filed, UCC3 Financing Statement, accuracy, changes, corrections, original financing statement, protecting rights, secured parties, commercial transaction, valid claim, collateral, debtor. Different types of Odessa Texas UCC3 Financing Statement Amendment Addendum may include: 1. Name Change Addendum: This type of addendum is filed when either the debtor or secured party changes their legal name. It ensures that the updated name is correctly reflected in the UCC3 Financing Statement to avoid any confusion or disputes. 2. Collateral Description Addendum: If there are any changes to the description of the collateral listed in the original financing statement, such as adding or removing assets, this addendum is filed to incorporate those modifications. 3. Release Addendum: When a debtor has fully repaid a loan or obligation, a release addendum is filed to officially release the security interest on the collateral. This document is essential for creditors to terminate their claim on the assets. 4. Assignment Addendum: In case a secured party transfers their interest in the collateral to another party, an assignment addendum is filed to document the change of ownership. This protects the rights of the new secured party and ensures that their claim is recognized. Keywords: Name Change Addendum, Collateral Description Addendum, Release Addendum, Assignment Addendum, debtor, secured party, collateral, changes, modifications, repayment, loan, obligation, release, security interest, termination, claim, assets, ownership, transfer.Odessa Texas UCC3 Financing Statement Amendment Addendum is a legal document that modifies or updates a previously filed UCC3 Financing Statement in Odessa, Texas. UCC3 stands for Uniform Commercial Code Form 3, which deals with security interests in various types of assets. This addendum is crucial for maintaining accuracy and reflecting any changes or corrections to the original financing statement. The main purpose of an Odessa Texas UCC3 Financing Statement Amendment Addendum is to protect the rights and interests of secured parties involved in a commercial transaction. By filing this document, creditors can ensure that they have a valid claim against the collateral pledged by a debtor. Keywords: Odessa, Texas, UCC3 Financing Statement, Amendment Addendum, legal document, modifies, updates, previously filed, UCC3 Financing Statement, accuracy, changes, corrections, original financing statement, protecting rights, secured parties, commercial transaction, valid claim, collateral, debtor. Different types of Odessa Texas UCC3 Financing Statement Amendment Addendum may include: 1. Name Change Addendum: This type of addendum is filed when either the debtor or secured party changes their legal name. It ensures that the updated name is correctly reflected in the UCC3 Financing Statement to avoid any confusion or disputes. 2. Collateral Description Addendum: If there are any changes to the description of the collateral listed in the original financing statement, such as adding or removing assets, this addendum is filed to incorporate those modifications. 3. Release Addendum: When a debtor has fully repaid a loan or obligation, a release addendum is filed to officially release the security interest on the collateral. This document is essential for creditors to terminate their claim on the assets. 4. Assignment Addendum: In case a secured party transfers their interest in the collateral to another party, an assignment addendum is filed to document the change of ownership. This protects the rights of the new secured party and ensures that their claim is recognized. Keywords: Name Change Addendum, Collateral Description Addendum, Release Addendum, Assignment Addendum, debtor, secured party, collateral, changes, modifications, repayment, loan, obligation, release, security interest, termination, claim, assets, ownership, transfer.
