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.
Broward Florida UCC1-AD Financing Statement Addendum
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How to fill out Broward Florida UCC1-AD Financing Statement Addendum?
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Visit your secretary of state's office. To do so you will generally need to make a trip in person down to your secretary of state's office. Once there, you will be able to swear under oath that you've satisfied the debt in full and wish to request for the UCC-1 filing to be removed.
UCC stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.
Although the UCC-1 Financing Statement does not require signatures, any attachment such as the legal description or special terms and conditions may require the signature of the Debtor.
To assist the Bureau, filers may wish to delete this information prior to filing. You may contact the Uniform Commercial Code section by calling (717) 787-1057 option 2, or by mail at: Uniform Commercial Code, PO Box 8721, Harrisburg, PA 17105.
If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent.
To assign (1) some or all of Assignor's right to amend the identified financing statement, or (2) the Assignor's right to amend the identified financing statement with respect to some (but not all) of the collateral covered by the identified financing statement: Check box in item 3 and enter name of Assignee in item 7a
1 should be filed with the secretary of state's office in the state where the debtor is incorporated or lives. 1 does not expire until the loan is paid in full, but in many jurisdictions including California, it must be renewed every five years.
A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.
Central Registry Filings (UCC 1-F and UCC 3-F's) UCC and Crop filing $35.
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.