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.
The San Antonio Texas UCC3 Financing Statement Amendment refers to a legal document that allows individuals or businesses to modify or update an existing financing statement filed under the Uniform Commercial Code (UCC) in San Antonio, Texas. A UCC3 Financing Statement Amendment is filed when there are changes or corrections required for the original financing statement. The UCC3 Financing Statement Amendment serves as a crucial tool for creditors, debtors, and other interested parties to maintain accuracy and ensure the validity of UCC filings for secured transactions. It is common for changes to occur in the details provided on the original financing statement, such as debtor information, collateral descriptions, or amendment statements. There are various types of UCC3 Financing Statement Amendments, depending on the specific changes being made. Some commonly encountered amendments include: 1. Amendment to Reflect a Change in Debtor Information: This type of amendment is filed when there are modifications to the debtor's legal name, address, or any other pertinent details. It updates the financing statement to accurately identify the new debtor. 2. Amendment to Add or Terminate Collateral: If there is a need to either add additional collateral to an existing financing statement or eliminate collateral previously listed, this amendment is filed to reflect the changes. The amendment statement will specify the new or terminated collateral. 3. Amendment to Correct Errors: In case of any errors or omissions in the original financing statement, an amendment is filed to correct these. It ensures that the record is accurate and reflects the intended information. 4. Amendment to Extend or Terminate the Financing Statement: If the initial financing statement has an expiration date, an amendment can be filed to extend the duration. Alternatively, when the secured obligation has been satisfied or terminated, an amendment can be filed to terminate the financing statement. 5. Amendment to Add or Remove Secured Party Information: This type of amendment is necessary when there are changes to the secured party's details, such as name, address, or contact information. It updates the financing statement to correctly identify the new secured party. The San Antonio Texas UCC3 Financing Statement Amendment is an essential legal process that ensures the accuracy and effectiveness of UCC filings. It enables parties involved in secured transactions to make necessary adjustments or corrections to uphold legally-binding agreements and protect their rights and interests.The San Antonio Texas UCC3 Financing Statement Amendment refers to a legal document that allows individuals or businesses to modify or update an existing financing statement filed under the Uniform Commercial Code (UCC) in San Antonio, Texas. A UCC3 Financing Statement Amendment is filed when there are changes or corrections required for the original financing statement. The UCC3 Financing Statement Amendment serves as a crucial tool for creditors, debtors, and other interested parties to maintain accuracy and ensure the validity of UCC filings for secured transactions. It is common for changes to occur in the details provided on the original financing statement, such as debtor information, collateral descriptions, or amendment statements. There are various types of UCC3 Financing Statement Amendments, depending on the specific changes being made. Some commonly encountered amendments include: 1. Amendment to Reflect a Change in Debtor Information: This type of amendment is filed when there are modifications to the debtor's legal name, address, or any other pertinent details. It updates the financing statement to accurately identify the new debtor. 2. Amendment to Add or Terminate Collateral: If there is a need to either add additional collateral to an existing financing statement or eliminate collateral previously listed, this amendment is filed to reflect the changes. The amendment statement will specify the new or terminated collateral. 3. Amendment to Correct Errors: In case of any errors or omissions in the original financing statement, an amendment is filed to correct these. It ensures that the record is accurate and reflects the intended information. 4. Amendment to Extend or Terminate the Financing Statement: If the initial financing statement has an expiration date, an amendment can be filed to extend the duration. Alternatively, when the secured obligation has been satisfied or terminated, an amendment can be filed to terminate the financing statement. 5. Amendment to Add or Remove Secured Party Information: This type of amendment is necessary when there are changes to the secured party's details, such as name, address, or contact information. It updates the financing statement to correctly identify the new secured party. The San Antonio Texas UCC3 Financing Statement Amendment is an essential legal process that ensures the accuracy and effectiveness of UCC filings. It enables parties involved in secured transactions to make necessary adjustments or corrections to uphold legally-binding agreements and protect their rights and interests.
