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.
Harris Texas UCC3 Financing Statement Amendment refers to a legal document filed to modify or update an existing UCC3 Financing Statement in Harris County, Texas. The Uniform Commercial Code (UCC) governs aspects of commercial transactions, including secured transactions and the perfection of security interests. The UCC3 Financing Statement Amendment is typically necessary when there is a need to make changes to the original UCC3 Financing Statement. This amendment allows for the correction or revision of certain information contained in the statement, ensuring that it accurately reflects the current state of the secured transaction. In Harris County, Texas, there might be different types of UCC3 Financing Statement Amendments, depending on the specific modifications required. Here are a few examples: 1. Name Amendment: This type of amendment is filed when there is a change in the name of the debtor or secured party. It ensures that any previous and future financing statements properly identify the parties involved. 2. Collateral Amendment: If there is a need to add, remove, or modify the description of collateral listed in the original financing statement, a collateral amendment is filed. This ensures that the secured party's interests are accurately documented. 3. Termination Amendment: In some cases, the secured obligation may be fully satisfied, or there could be a change in circumstances that renders the original financing statement unnecessary. A termination amendment is then filed to officially terminate the UCC3 Financing Statement. 4. Continuation Amendment: If the original financing statement is set to expire, a continuation amendment is filed to extend the effectiveness of the statement. This is done to maintain the secured party's priority in relation to other potential creditors. When filing a Harris Texas UCC3 Financing Statement Amendment, it is crucial to provide accurate and complete information to avoid any potential discrepancies or challenges. It is advisable to consult with legal professionals or authorized agencies to ensure compliance with the specific requirements of Harris County, Texas.Harris Texas UCC3 Financing Statement Amendment refers to a legal document filed to modify or update an existing UCC3 Financing Statement in Harris County, Texas. The Uniform Commercial Code (UCC) governs aspects of commercial transactions, including secured transactions and the perfection of security interests. The UCC3 Financing Statement Amendment is typically necessary when there is a need to make changes to the original UCC3 Financing Statement. This amendment allows for the correction or revision of certain information contained in the statement, ensuring that it accurately reflects the current state of the secured transaction. In Harris County, Texas, there might be different types of UCC3 Financing Statement Amendments, depending on the specific modifications required. Here are a few examples: 1. Name Amendment: This type of amendment is filed when there is a change in the name of the debtor or secured party. It ensures that any previous and future financing statements properly identify the parties involved. 2. Collateral Amendment: If there is a need to add, remove, or modify the description of collateral listed in the original financing statement, a collateral amendment is filed. This ensures that the secured party's interests are accurately documented. 3. Termination Amendment: In some cases, the secured obligation may be fully satisfied, or there could be a change in circumstances that renders the original financing statement unnecessary. A termination amendment is then filed to officially terminate the UCC3 Financing Statement. 4. Continuation Amendment: If the original financing statement is set to expire, a continuation amendment is filed to extend the effectiveness of the statement. This is done to maintain the secured party's priority in relation to other potential creditors. When filing a Harris Texas UCC3 Financing Statement Amendment, it is crucial to provide accurate and complete information to avoid any potential discrepancies or challenges. It is advisable to consult with legal professionals or authorized agencies to ensure compliance with the specific requirements of Harris County, Texas.
