Phoenix Arizona UCC1-AD Financing Statement Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• City: Phoenix
• 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. The Phoenix Arizona UCC1-AD Financing Statement Addendum is a legal document that accompanies the UCC1 Financing Statement, providing additional details and information to ensure accuracy and completeness. This addendum is essential for all secured transactions conducted in Phoenix, Arizona, as it serves to clarify and supplement the UCC1 Financing Statement. The UCC1-AD Financing Statement Addendum may come in various types, depending on the specific nature of the transaction and the information it needs to include. Some common types of Phoenix Arizona UCC1-AD Financing Statement Addendum are: 1. Collateral Description Addendum: This addendum provides a comprehensive description of the collateral involved in the transaction, including its type, quantity, quality, and any serial numbers or identifying marks. It ensures that the collateral is accurately identified and can be easily traced in case of disputes. 2. Debtor Information Addendum: This type of addendum focuses on the debtor's details, such as their legal name, address, and any other relevant identifying information. It helps in accurately identifying and locating the debtor in case of default or legal proceedings. 3. Security Interest Addendum: In cases where the secured party has multiple security interests or wishes to add specific provisions regarding the collateral, this addendum is used. It specifies the additional terms and conditions to be included in the UCC1 Financing Statement, providing a comprehensive understanding of the parties' rights and obligations. 4. Amendments and Continuations Addendum: When amending or continuing a previously filed UCC1 Financing Statement, this addendum is used. It outlines the changes made, such as amendments to debtor information, collateral description, or the extension of the financing statement's validity period. 5. Termination Addendum: In the event of concluding the secured transaction or when the security interest is no longer valid, this addendum is employed. It states the reasons and details surrounding the termination, ensuring that the interested parties are informed and the UCC1 Financing Statement is properly updated. The Phoenix Arizona UCC1-AD Financing Statement Addendum plays a crucial role in accurately documenting secured transactions, providing the necessary details and clarifications. It ensures legal compliance and serves as a valuable reference for all parties involved.

The Phoenix Arizona UCC1-AD Financing Statement Addendum is a legal document that accompanies the UCC1 Financing Statement, providing additional details and information to ensure accuracy and completeness. This addendum is essential for all secured transactions conducted in Phoenix, Arizona, as it serves to clarify and supplement the UCC1 Financing Statement. The UCC1-AD Financing Statement Addendum may come in various types, depending on the specific nature of the transaction and the information it needs to include. Some common types of Phoenix Arizona UCC1-AD Financing Statement Addendum are: 1. Collateral Description Addendum: This addendum provides a comprehensive description of the collateral involved in the transaction, including its type, quantity, quality, and any serial numbers or identifying marks. It ensures that the collateral is accurately identified and can be easily traced in case of disputes. 2. Debtor Information Addendum: This type of addendum focuses on the debtor's details, such as their legal name, address, and any other relevant identifying information. It helps in accurately identifying and locating the debtor in case of default or legal proceedings. 3. Security Interest Addendum: In cases where the secured party has multiple security interests or wishes to add specific provisions regarding the collateral, this addendum is used. It specifies the additional terms and conditions to be included in the UCC1 Financing Statement, providing a comprehensive understanding of the parties' rights and obligations. 4. Amendments and Continuations Addendum: When amending or continuing a previously filed UCC1 Financing Statement, this addendum is used. It outlines the changes made, such as amendments to debtor information, collateral description, or the extension of the financing statement's validity period. 5. Termination Addendum: In the event of concluding the secured transaction or when the security interest is no longer valid, this addendum is employed. It states the reasons and details surrounding the termination, ensuring that the interested parties are informed and the UCC1 Financing Statement is properly updated. The Phoenix Arizona UCC1-AD Financing Statement Addendum plays a crucial role in accurately documenting secured transactions, providing the necessary details and clarifications. It ensures legal compliance and serves as a valuable reference for all parties involved.