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.
Travis Texas UCC3 Financing Statement Amendment Addendum is a legal document used for modifying or updating information on a UCC3 Financing Statement, which is filed under the Uniform Commercial Code (UCC) in the state of Texas. This addendum serves as an additional attachment to the original financing statement and includes specific details regarding any changes made to the initial filing. The UCC3 Financing Statement Amendment Addendum is crucial for maintaining accurate and up-to-date information about secured transactions. It allows the parties involved to amend various aspects of the original filing, such as debtor information, collateral description, or filing duration. By filing this addendum, creditors can protect their interests and ensure that the details in the financing statement align with the current circumstances. There can be different types of Travis Texas UCC3 Financing Statement Amendment Addendums based on the type of modification being made. Some common types include: 1. Debtor Information Amendment: This addendum is utilized when there is a change in the debtor's name, address, or other identifying information. It ensures that the financing statement accurately reflects the updated debtor details. 2. Collateral Amendment: In cases where there is a need to add or remove collateral from the original filing, this type of addendum is used. It provides a clear description of the modified collateral and the reasoning behind the amendment. 3. Filing Duration Amendment: If there is a requirement to extend or shorten the original filing duration, a filing duration amendment addendum is filed. This ensures that the financing statement remains valid for the intended period, avoiding any expiration issues. 4. Amendment Regarding Prior Secured Party: This addendum is used when there is a change in the secured party's information. It reflects the updated details of the existing secured party or adds a new secured party in case of assignment or transfer of the security interest. To initiate a Travis Texas UCC3 Financing Statement Amendment Addendum, certain steps need to be followed. Firstly, the party seeking the amendment should gather all relevant information and accurately complete the addendum form, which is typically available through the appropriate state agency responsible for UCC filings. The completed form should then be filed with the same agency, along with the required filing fee. It is crucial to ensure that the information provided in the addendum is accurate and matches the existing financing statement precisely. Failing to provide accurate information may result in legal complications or the loss of priority position in the security interest. In conclusion, the Travis Texas UCC3 Financing Statement Amendment Addendum is a legal document used to modify the details of a UCC3 Financing Statement filed in the state of Texas. It allows creditors to update debtor information, collateral description, filing duration, or prior secured party details. By filing the appropriate addendum type, parties involved can maintain accurate and up-to-date information about secured transactions as per the requirements of the Uniform Commercial Code.Travis Texas UCC3 Financing Statement Amendment Addendum is a legal document used for modifying or updating information on a UCC3 Financing Statement, which is filed under the Uniform Commercial Code (UCC) in the state of Texas. This addendum serves as an additional attachment to the original financing statement and includes specific details regarding any changes made to the initial filing. The UCC3 Financing Statement Amendment Addendum is crucial for maintaining accurate and up-to-date information about secured transactions. It allows the parties involved to amend various aspects of the original filing, such as debtor information, collateral description, or filing duration. By filing this addendum, creditors can protect their interests and ensure that the details in the financing statement align with the current circumstances. There can be different types of Travis Texas UCC3 Financing Statement Amendment Addendums based on the type of modification being made. Some common types include: 1. Debtor Information Amendment: This addendum is utilized when there is a change in the debtor's name, address, or other identifying information. It ensures that the financing statement accurately reflects the updated debtor details. 2. Collateral Amendment: In cases where there is a need to add or remove collateral from the original filing, this type of addendum is used. It provides a clear description of the modified collateral and the reasoning behind the amendment. 3. Filing Duration Amendment: If there is a requirement to extend or shorten the original filing duration, a filing duration amendment addendum is filed. This ensures that the financing statement remains valid for the intended period, avoiding any expiration issues. 4. Amendment Regarding Prior Secured Party: This addendum is used when there is a change in the secured party's information. It reflects the updated details of the existing secured party or adds a new secured party in case of assignment or transfer of the security interest. To initiate a Travis Texas UCC3 Financing Statement Amendment Addendum, certain steps need to be followed. Firstly, the party seeking the amendment should gather all relevant information and accurately complete the addendum form, which is typically available through the appropriate state agency responsible for UCC filings. The completed form should then be filed with the same agency, along with the required filing fee. It is crucial to ensure that the information provided in the addendum is accurate and matches the existing financing statement precisely. Failing to provide accurate information may result in legal complications or the loss of priority position in the security interest. In conclusion, the Travis Texas UCC3 Financing Statement Amendment Addendum is a legal document used to modify the details of a UCC3 Financing Statement filed in the state of Texas. It allows creditors to update debtor information, collateral description, filing duration, or prior secured party details. By filing the appropriate addendum type, parties involved can maintain accurate and up-to-date information about secured transactions as per the requirements of the Uniform Commercial Code.
