UCC3 - Financing Statement Amendment - Texas - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes.
Corpus Christi Texas UCC3 Financing Statement Amendment refers to a legal process required to modify or update existing information contained in a UCC3 Financing Statement in Corpus Christi, Texas. UCC3 stands for the Uniform Commercial Code Section 3 and governs secured transactions, particularly the perfection and priority of security interests in personal property. In Corpus Christi, Texas, there are two main types of UCC3 Financing Statement Amendments: 1. Voluntary Amendment: This is a filing made by the debtor or secured party to amend or correct specific information in the original UCC3 Financing Statement. It is usually done to update collateral details, debtor information, or to remove or add additional secured parties. This voluntary amendment ensures accurate and up-to-date information is reflected in the UCC3 Financing Statement. 2. Involuntary Amendment: This type of amendment is filed by an authorized party other than the debtor or secured party. Involuntary amendments may occur due to court orders, legal disputes, or changes in the collateral's status. For example, if a debtor no longer has rights to the collateral or if it gets destroyed, an involuntary amendment is necessary to reflect these changes in the UCC3 Financing Statement. To engage in a Corpus Christi Texas UCC3 Financing Statement Amendment, it is crucial to follow certain steps. Firstly, obtain the UCC3 Amendment form from the official Texas Secretary of State website or office. Fill in the required fields, including the original filing number, debtor, secured party information, and the desired changes needed for the amendment. Provide a brief explanation of the reasons for the amendment and sign the form. To ensure the amendment is properly recorded, submit the completed form along with the appropriate fee to the Texas Secretary of State's office. It is vital to include all supporting documents or evidence that validate the amendment's necessity, such as court orders or affidavits. Completing a Corpus Christi Texas UCC3 Financing Statement Amendment is vital for both debtors and secured parties to maintain accurate records of their rights and obligations related to secured transactions. By promptly updating the UCC3 Financing Statement, parties involved can safeguard their interests and provide transparency for potential creditors or third parties. Stay informed about the process and adhere to UCC3 regulations to ensure compliance and protect your financial interests in Corpus Christi, Texas.
