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 Wichita Falls Texas UCC3 Financing Statement Amendment Addendum is a legal document that is used to make changes to a previously filed UCC3 financing statement in Wichita Falls, Texas. It is an important tool for individuals and businesses looking to modify or update information contained in their original financing statement. Keyword: Wichita Falls Texas UCC3 Financing Statement Amendment Addendum Wichita Falls, Texas: The document is specific to the Wichita Falls area, ensuring compliance with the local regulations and laws. UCC3 Financing Statement: The UCC3 financing statement refers to a legal form that is filed to establish a security interest in personal property as collateral for a loan. The amendment addendum allows for changes to this statement. Amendment Addendum: This term refers to an additional document that modifies or adds to an existing contract or agreement. In the case of the Wichita Falls UCC3 Financing Statement, the amendment addendum is used to make changes to the original filing. Different Types: 1. Name Change Amendment Addendum: This type of addendum is used when there is a need to update the name of the debtor or secured party named in the original UCC3 financing statement. This could happen due to a legal name change, business reorganization, or any other circumstance that requires the correction or update of names. 2. Collateral Description Amendment Addendum: An addendum of this type is used when there is a need to modify or clarify the description of the collateral listed in the original financing statement. It may include changes in the quantity, type, or details of the collateral. 3. Termination Amendment Addendum: A termination addendum is filed when a secured party wants to terminate the financing statement because the loan has been fully repaid or the collateral is no longer needed for securing the debt. 4. Assignment Amendment Addendum: This type of addendum is used when there is a transfer or assignment of the secured party's interest in the collateral to a new secured party. It ensures that the new party is properly recorded as the assignee. In summary, the Wichita Falls Texas UCC3 Financing Statement Amendment Addendum is a legal document used to modify or update information in the original UCC3 financing statement filed in Wichita Falls. Different types of addendums include name change, collateral description, termination, and assignment. It is crucial to understand and comply with the relevant regulations while filing these addendums to ensure legal validity.
