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.
Grand Prairie, Texas UCC3 Financing Statement Amendment is a legal process that allows for modifications, revisions, or cancellations to be made to an existing UCC3 Financing Statement filed with the Grand Prairie, Texas Secretary of State. This important amendment ensures accuracy and up-to-date information regarding secured transactions, including commercial loans, sales of goods, and other financial arrangements. Keywords: Grand Prairie, Texas, UCC3, Financing Statement Amendment, legal process, modifications, revisions, cancellations, Secretary of State, accuracy, secured transactions, commercial loans, sales of goods, financial arrangements. There are several types of Grand Prairie, Texas UCC3 Financing Statement Amendment that can be filed depending on the circumstances: 1. Modification Amendment: This type of amendment is used when there is a need to modify specific information in the original UCC3 Financing Statement. It can include changes such as correcting errors, updating debtor or secured party information, or modifying collateral details. 2. Termination Amendment: If a secured transaction has been fully satisfied, released, or otherwise terminated, a termination amendment is filed to cancel the UCC3 Financing Statement. This ensures that the public record accurately reflects the closure of the transaction and releases any liens against the collateral. 3. Continuation Amendment: A continuation amendment is filed to extend the effectiveness of the original UCC3 Financing Statement before it expires. By filing for a continuation, the secured party ensures that their security interest is not terminated due to the expiration of the initial financing statement. 4. Assignment Amendment: When there is a transfer of rights or interests in a secured transaction, an assignment amendment is filed. This is used to update the UCC3 Financing Statement with the new secured party's information, ensuring all parties involved are properly documented. 5. Amendment Adding Collateral: If there is a need to add additional collateral to an existing secured transaction, an amendment adding collateral is filed. This expands the scope of the original UCC3 Financing Statement by including new collateral details and updating the necessary information. It is crucial to ensure that any necessary amendments to a UCC3 Financing Statement are completed accurately and filed with the Grand Prairie, Texas Secretary of State to maintain legal compliance and protect the interests of all parties involved. Note: The specific types of UCC3 Financing Statement Amendments may vary depending on the jurisdiction and regulations of the state.Grand Prairie, Texas UCC3 Financing Statement Amendment is a legal process that allows for modifications, revisions, or cancellations to be made to an existing UCC3 Financing Statement filed with the Grand Prairie, Texas Secretary of State. This important amendment ensures accuracy and up-to-date information regarding secured transactions, including commercial loans, sales of goods, and other financial arrangements. Keywords: Grand Prairie, Texas, UCC3, Financing Statement Amendment, legal process, modifications, revisions, cancellations, Secretary of State, accuracy, secured transactions, commercial loans, sales of goods, financial arrangements. There are several types of Grand Prairie, Texas UCC3 Financing Statement Amendment that can be filed depending on the circumstances: 1. Modification Amendment: This type of amendment is used when there is a need to modify specific information in the original UCC3 Financing Statement. It can include changes such as correcting errors, updating debtor or secured party information, or modifying collateral details. 2. Termination Amendment: If a secured transaction has been fully satisfied, released, or otherwise terminated, a termination amendment is filed to cancel the UCC3 Financing Statement. This ensures that the public record accurately reflects the closure of the transaction and releases any liens against the collateral. 3. Continuation Amendment: A continuation amendment is filed to extend the effectiveness of the original UCC3 Financing Statement before it expires. By filing for a continuation, the secured party ensures that their security interest is not terminated due to the expiration of the initial financing statement. 4. Assignment Amendment: When there is a transfer of rights or interests in a secured transaction, an assignment amendment is filed. This is used to update the UCC3 Financing Statement with the new secured party's information, ensuring all parties involved are properly documented. 5. Amendment Adding Collateral: If there is a need to add additional collateral to an existing secured transaction, an amendment adding collateral is filed. This expands the scope of the original UCC3 Financing Statement by including new collateral details and updating the necessary information. It is crucial to ensure that any necessary amendments to a UCC3 Financing Statement are completed accurately and filed with the Grand Prairie, Texas Secretary of State to maintain legal compliance and protect the interests of all parties involved. Note: The specific types of UCC3 Financing Statement Amendments may vary depending on the jurisdiction and regulations of the state.
