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.
Title: Understanding the Tarrant Texas UCC3 Financing Statement Amendment Addendum: A Comprehensive Guide Introduction: The Tarrant Texas UCC3 Financing Statement Amendment Addendum refers to a legal document utilized for making changes to an existing Uniform Commercial Code (UCC) filing within the state of Texas, specifically within Tarrant County. This addendum is crucial for maintaining accurate and up-to-date information regarding secured transactions involving personal property. In this article, we delve into the details of this amendment addendum, its purpose, and different types if applicable. Key Elements of the Tarrant Texas UCC3 Financing Statement Amendment Addendum: 1. Purpose: The primary purpose of the Tarrant Texas UCC3 Financing Statement Amendment Addendum is to modify or amend the original financing statement, which contains the details of the secured party, debtor, collateral, and other relevant aspects of the security interest. It allows for revisions, corrections, terminations, or additions to be made to the original filing to ensure ongoing accuracy and validity. 2. Process: To file a Tarrant Texas UCC3 Financing Statement Amendment Addendum, certain steps must be followed. Firstly, the filer needs to complete the appropriate form provided by the Texas Secretary of State, complying with all necessary guidelines and requirements. The completed form must then be submitted alongside the appropriate filing fee to the Secretary of State's office within Tarrant County. 3. Revisions and Corrections: The Tarrant Texas UCC3 Financing Statement Amendment Addendum encompasses several types of revisions and corrections that can be made to the original filing. Some of these include updating debtor or secured party information, adding, removing, or modifying collateral details, correcting filing errors or mistakes, extending or terminating the lien, and adjusting the priority position of the security interest. 4. Additional Types of Amendment Addenda: While the Tarrant Texas UCC3 Financing Statement Amendment Addendum generally covers a wide range of modifications, it is essential to note that specific cases might require different types of addenda. These could include the Continuation Addendum, Termination Addendum, Assignment Addendum, Partial Release Addendum, and Collateral Change Addendum. Each addendum serves a distinct purpose and is filed accordingly to meet the specific requirements of the amendment. Conclusion: The Tarrant Texas UCC3 Financing Statement Amendment Addendum is a vital legal instrument that enables parties involved in secured transactions to amend and update the details of their UCC filings in Tarrant County, Texas. By utilizing this addendum, individuals and businesses ensure ongoing accuracy and validity of their security interests. Understanding the purpose, process, and possible addenda associated with this amendment addendum empowers stakeholders to navigate the UCC filing system effectively and maintain compliance with state regulations.
