Fulton Georgia UCC1-AD Financing Statement Addendum is a legal document that serves as an attachment or an extension to the UCC1 Financing Statement filed in Fulton County, Georgia. This addendum provides supplementary information or modifications to the original financing statement, ensuring that the secured party's interests are properly recorded and protected. The UCC1-AD Financing Statement Addendum in Fulton Georgia includes various types, each addressing specific requirements or changes related to the initial financing statement. These types or variations may include: 1. Information Amendment Addendum: This addendum is used when there is a need to update or correct the information provided in the initial financing statement. It ensures that accurate data regarding the secured party, debtor, collateral description, or other essential details are reflected. 2. Collateral Amendment Addendum: When there is a change in the collateral or additional collateral needs to be included in the existing financing statement, this addendum is utilized. It allows the secured party to amend, describe, or add collateral details to ensure comprehensive coverage. 3. Termination Addendum: In cases where the secured party wants to terminate or release their security interest, this addendum is employed. It includes the necessary information to officially end the UCC1 Financing Statement and remove any liens or claims against the debtor's assets. 4. Assignment Addendum: This addendum is used to reflect any assignment or transfer of the secured party's interest in the original financing statement. It ensures that the new secured party's details are recorded accurately, maintaining the chain of custody for the security interest. 5. Continuation Addendum: If the initial financing statement's effectiveness is set to expire, the secured party can file a continuation addendum to extend the period of validity. This addendum ensures that the security interest remains perfected and continues to provide protection against competing claims. Fulton Georgia UCC1-AD Financing Statement Addendum filings typically require specific information, including the debtor's name, secured party's details, UCC filing number, collateral description, and any additional relevant details pertaining to the type of addendum being submitted. The purpose is to ensure accuracy, clarity, and compliance with legal requirements, as well as to safeguard the secured party's rights and interests in the collateral.
Fulton Georgia UCC1-AD Financing Statement Addendum
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