Broward Florida UCC1-AD Financing Statement Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Broward
• Control #: US-UCC1-AD
• Format: Word; PDF

Description

This form is a UCC Financing Statement Addendum for use in documenting personal property used as collateral for a loan. Available in Word and Adobe pdf format. Keywords: Broward Florida, UCC1-AD Financing Statement Addendum, types Description: The Broward Florida UCC1-AD Financing Statement Addendum is a legal document that serves as an addition or attachment to the UCC1 Financing Statement in Broward County, Florida. This addendum provides important additional information that may be necessary to properly identify and clarify the financing arrangements between parties involved. There are several types of Broward Florida UCC1-AD Financing Statement Addendum, each serving a specific purpose: 1. Collateral Description Addendum: This type of addendum is used when there is a need for a more detailed description of the collateral being pledged as security. It provides clarity and specificity, ensuring that the collateral is accurately identified. 2. Debtor Amendment Addendum: When there is a change in debtor information, such as a name change or address update, the Debtor Amendment Addendum is filed. It ensures that the public records remain up to date regarding the debtor's information. 3. Secured Party Amendment Addendum: In cases where there is a change in the secured party's information, including name or address modifications, the Secured Party Amendment Addendum is submitted. This addendum maintains accurate information in public records for communication and documentation purposes. 4. Assignment Addendum: When the secured party transfers their interest in a UCC1 Financing Statement to another party, an Assignment Addendum is used to outline the assignment details. It includes the name and address of the assignee, date of assignment, and any other relevant information. 5. Termination Addendum: This type of addendum serves to terminate and remove the UCC1 Financing Statement from the public records. It is filed when the debt has been paid off, the collateral is released, or the arrangement is otherwise concluded. It is important to carefully consider the type of addendum needed for a Broward Florida UCC1 Financing Statement to ensure accurate and complete documentation. By submitting the appropriate addendum, parties can protect their interests, maintain clarity, and comply with legal requirements.

Keywords: Broward Florida, UCC1-AD Financing Statement Addendum, types Description: The Broward Florida UCC1-AD Financing Statement Addendum is a legal document that serves as an addition or attachment to the UCC1 Financing Statement in Broward County, Florida. This addendum provides important additional information that may be necessary to properly identify and clarify the financing arrangements between parties involved. There are several types of Broward Florida UCC1-AD Financing Statement Addendum, each serving a specific purpose: 1. Collateral Description Addendum: This type of addendum is used when there is a need for a more detailed description of the collateral being pledged as security. It provides clarity and specificity, ensuring that the collateral is accurately identified. 2. Debtor Amendment Addendum: When there is a change in debtor information, such as a name change or address update, the Debtor Amendment Addendum is filed. It ensures that the public records remain up to date regarding the debtor's information. 3. Secured Party Amendment Addendum: In cases where there is a change in the secured party's information, including name or address modifications, the Secured Party Amendment Addendum is submitted. This addendum maintains accurate information in public records for communication and documentation purposes. 4. Assignment Addendum: When the secured party transfers their interest in a UCC1 Financing Statement to another party, an Assignment Addendum is used to outline the assignment details. It includes the name and address of the assignee, date of assignment, and any other relevant information. 5. Termination Addendum: This type of addendum serves to terminate and remove the UCC1 Financing Statement from the public records. It is filed when the debt has been paid off, the collateral is released, or the arrangement is otherwise concluded. It is important to carefully consider the type of addendum needed for a Broward Florida UCC1 Financing Statement to ensure accurate and complete documentation. By submitting the appropriate addendum, parties can protect their interests, maintain clarity, and comply with legal requirements.