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.
Waco, Texas UCC3 Financing Statement Amendment Addendum is a legal document that allows parties to modify or update information contained in the original UCC3 Financing Statement. The purpose of this amendment addendum is to ensure accuracy and completeness of the financing statement, which is a crucial document for securing interests in personal property collateral. The UCC3 Financing Statement is typically filed by a creditor to notify other parties about their security interest in the debtor's personal property. However, circumstances may change, and therefore, amendments become necessary to reflect any updates or revisions. The Waco, Texas UCC3 Financing Statement Amendment Addendum enables individuals or organizations to make such changes in a legally binding manner. The types of Waco, Texas UCC3 Financing Statement Amendment Addendums may include: 1. Amendment to Correct Errors: This addendum is used when there are mistakes or errors in the original UCC3 Financing Statement. It allows parties to rectify any inaccuracies in debtor information, collateral description, or other essential details. 2. Amendment to Add or Remove Collateral: If the creditor wishes to add additional collateral to the existing financing statement or remove certain collateral due to reasons like sale or disposition, an addendum is filed. This shows the revised list of personal property that the creditor has a security interest in. 3. Amendment to Extend or Terminate Security Interest: Whenever the duration of the security interest needs to be extended or terminated earlier than expected, this addendum is used. Creditors may use this to reflect any changes to the agreed-upon term of the security interest. 4. Amendment to Change Debtor Information: In case there is a change in the debtor's legal name, address, or other identifying information, this addendum is filed to update the UCC3 Financing Statement accordingly. It ensures that the statement remains valid and reflects accurate information about the debtor. 5. Amendment to Correct Filing Information: If any errors or omissions occurred during the original filing of the UCC3 Financing Statement, this addendum is utilized to rectify those mistakes. It could involve correcting the filing date, filing number, or other clerical errors. It is crucial to note that the specific requirements and procedures for filing a Waco, Texas UCC3 Financing Statement Amendment Addendum can vary. Therefore, it is advisable to consult with legal professionals or the Secretary of State's office in Texas to ensure compliance with all applicable rules and regulations. Overall, the Waco, Texas UCC3 Financing Statement Amendment Addendum serves as a valuable tool for keeping the UCC3 Financing Statement up to date, enabling accurate representation of a creditor's security interests in personal property collateral.
