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.
Travis Texas UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 Financing Statement in the state of Travis, Texas. The UCC3 Financing Statement itself is a crucial instrument for securing interests in personal property collateral in commercial transactions. The amendment is necessary when there is a need to modify, correct, or add information to the original financing statement. Some relevant keywords for Travis Texas UCC3 Financing Statement Amendment are: 1. UCC3 Financing Statement: This refers to a legal form that provides public notice about the security interest in personal property collateral for a commercial loan or transaction. 2. Amendment: An amendment is a formal change made to an existing legal document. 3. Travis, Texas: Refers to the specific geographical location and jurisdiction where the UCC3 Financing Statement Amendment is being filed. 4. Securing Interests: Refers to the act of protecting or guaranteeing the rights of a creditor against a debtor's collateral in the event of default. 5. Personal Property Collateral: Includes movable assets such as equipment, inventory, accounts receivable, and other tangible or intangible property pledged as security for a loan. Types of Travis Texas UCC3 Financing Statement Amendments: 1. Information Correction: This type of amendment is filed when there is a need to correct mistakes or inaccuracies in the original UCC3 Financing Statement, such as typographical errors, misspelled names, or wrong information. 2. Addition of Collateral: When additional collateral needs to be included in the original financing statement, an amendment is filed to supplement the existing security interests. 3. Termination: In cases where the security interest has concluded or has been fully paid off, a termination amendment is filed to formally release the collateral from the UCC3 Financing Statement. 4. Name Change: If there is a change in the debtor's or secured party's name, due to factors like marriage, divorce, or business name alteration, an amendment is necessary to reflect the updated information. 5. Assignment: This type of amendment is filed when a secured party transfers their rights and interest in the collateral to another party. It ensures the assignment is properly recorded and acknowledged. In summary, a Travis Texas UCC3 Financing Statement Amendment is a legal document used to modify or update an existing UCC3 Financing Statement in Travis, Texas. It provides the means to correct errors, add collateral, terminate or release security interests, reflect name changes, and record assignments. This important document ensures the accuracy and legitimacy of UCC3 Financing Statements, providing clarity and transparency in commercial transactions.Travis Texas UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 Financing Statement in the state of Travis, Texas. The UCC3 Financing Statement itself is a crucial instrument for securing interests in personal property collateral in commercial transactions. The amendment is necessary when there is a need to modify, correct, or add information to the original financing statement. Some relevant keywords for Travis Texas UCC3 Financing Statement Amendment are: 1. UCC3 Financing Statement: This refers to a legal form that provides public notice about the security interest in personal property collateral for a commercial loan or transaction. 2. Amendment: An amendment is a formal change made to an existing legal document. 3. Travis, Texas: Refers to the specific geographical location and jurisdiction where the UCC3 Financing Statement Amendment is being filed. 4. Securing Interests: Refers to the act of protecting or guaranteeing the rights of a creditor against a debtor's collateral in the event of default. 5. Personal Property Collateral: Includes movable assets such as equipment, inventory, accounts receivable, and other tangible or intangible property pledged as security for a loan. Types of Travis Texas UCC3 Financing Statement Amendments: 1. Information Correction: This type of amendment is filed when there is a need to correct mistakes or inaccuracies in the original UCC3 Financing Statement, such as typographical errors, misspelled names, or wrong information. 2. Addition of Collateral: When additional collateral needs to be included in the original financing statement, an amendment is filed to supplement the existing security interests. 3. Termination: In cases where the security interest has concluded or has been fully paid off, a termination amendment is filed to formally release the collateral from the UCC3 Financing Statement. 4. Name Change: If there is a change in the debtor's or secured party's name, due to factors like marriage, divorce, or business name alteration, an amendment is necessary to reflect the updated information. 5. Assignment: This type of amendment is filed when a secured party transfers their rights and interest in the collateral to another party. It ensures the assignment is properly recorded and acknowledged. In summary, a Travis Texas UCC3 Financing Statement Amendment is a legal document used to modify or update an existing UCC3 Financing Statement in Travis, Texas. It provides the means to correct errors, add collateral, terminate or release security interests, reflect name changes, and record assignments. This important document ensures the accuracy and legitimacy of UCC3 Financing Statements, providing clarity and transparency in commercial transactions.
