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 San Antonio Texas UCC3 Financing Statement Amendment Addendum refers to a legal document used in the state of Texas to make changes or additions to the original UCC3 Financing Statement. The UCC3 Financing Statement is a document filed by a creditor to establish their interest in a debtor's personal property as collateral for a loan or other financial obligations. The Amendment Addendum is used when there is a need to modify or update the information provided in the original UCC3 Financing Statement. This addendum allows both creditors and debtors to add specific information related to the original filing, ensuring accuracy and clarity. It is an essential form for ensuring the correct recording and protection of the parties' rights and interests. The San Antonio UCC3 Financing Statement Amendment Addendum accommodates various types of changes that may arise during the lifespan of a financing arrangement. These changes can include amendments to debtor's name, address, or organizational information, modification in collateral description, or even termination of the financing statement. By filing an amendment addendum, the parties involved can ensure that the public record accurately reflects the current details of the financing agreement. Some common types of San Antonio Texas UCC3 Financing Statement Amendment Addendums are: 1. Debtor Information Amendment Addendum: This addendum is filed when there are changes to the debtor's information such as name, address, or organizational details. It ensures that the financing statement reflects the most up-to-date information regarding the debtor. 2. Collateral Description Amendment Addendum: This addendum is filed when there is a need to modify the description of the collateral provided in the original UCC3 Financing Statement. It allows for the addition, removal, or modification of specific collateral items. 3. Partial Termination Amendment Addendum: This addendum is filed when the secured party wants to terminate their interest in some collateral listed in the original UCC3 Financing Statement while maintaining their security interest in the remaining collateral. It is essential to file the appropriate type of amendment addendum to accurately reflect the changes made to the UCC3 Financing Statement. Failure to file a valid amendment addendum may result in confusion or the loss of a secured party's rights in the collateral. Overall, the San Antonio Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document used to modify or update the original UCC3 Financing Statement, allowing the parties involved to accurately reflect the changes made during the course of the financing arrangement or termination of the security interest.The San Antonio Texas UCC3 Financing Statement Amendment Addendum refers to a legal document used in the state of Texas to make changes or additions to the original UCC3 Financing Statement. The UCC3 Financing Statement is a document filed by a creditor to establish their interest in a debtor's personal property as collateral for a loan or other financial obligations. The Amendment Addendum is used when there is a need to modify or update the information provided in the original UCC3 Financing Statement. This addendum allows both creditors and debtors to add specific information related to the original filing, ensuring accuracy and clarity. It is an essential form for ensuring the correct recording and protection of the parties' rights and interests. The San Antonio UCC3 Financing Statement Amendment Addendum accommodates various types of changes that may arise during the lifespan of a financing arrangement. These changes can include amendments to debtor's name, address, or organizational information, modification in collateral description, or even termination of the financing statement. By filing an amendment addendum, the parties involved can ensure that the public record accurately reflects the current details of the financing agreement. Some common types of San Antonio Texas UCC3 Financing Statement Amendment Addendums are: 1. Debtor Information Amendment Addendum: This addendum is filed when there are changes to the debtor's information such as name, address, or organizational details. It ensures that the financing statement reflects the most up-to-date information regarding the debtor. 2. Collateral Description Amendment Addendum: This addendum is filed when there is a need to modify the description of the collateral provided in the original UCC3 Financing Statement. It allows for the addition, removal, or modification of specific collateral items. 3. Partial Termination Amendment Addendum: This addendum is filed when the secured party wants to terminate their interest in some collateral listed in the original UCC3 Financing Statement while maintaining their security interest in the remaining collateral. It is essential to file the appropriate type of amendment addendum to accurately reflect the changes made to the UCC3 Financing Statement. Failure to file a valid amendment addendum may result in confusion or the loss of a secured party's rights in the collateral. Overall, the San Antonio Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document used to modify or update the original UCC3 Financing Statement, allowing the parties involved to accurately reflect the changes made during the course of the financing arrangement or termination of the security interest.
