This document is the "National UCC Financing Statement Addendum," and it is an American Lawyer Media form. It accompanies the UCC Financing Statement.
The Broward Florida UCC Financing Statement Addendum is an essential document that provides further clarification and details regarding the initial UCC (Uniform Commercial Code) Financing Statement in Broward County, Florida. This additional addendum serves to supplement and enhance the original statement, ensuring transparency and accuracy in commercial transactions. A UCC Financing Statement is typically filed by a creditor to establish and perfect their security interest in specific collateral owned by a debtor. There are several types of Broward Florida UCC Financing Statement Addendum, each designed to address specific requirements and circumstances: 1. UCC Financing Statement Addendum for Additional Collateral: This addendum is utilized when additional collateral needs to be included in the original UCC Financing Statement. It outlines the details of the new assets or property, such as its description and location, ensuring comprehensive coverage. 2. UCC Financing Statement Addendum for Amended Information: When there are changes or modifications to the information provided in the original UCC Financing Statement, this addendum is used to record the amendments. It includes updated debtor or secured party information and reflects the necessary alterations. 3. UCC Financing Statement Addendum for Debtor Name Change: In cases where there has been a change in the debtor's legal name, this addendum is crucial to ensure the accuracy of the UCC Financing Statement. It reflects the new name and any other related updated information. 4. UCC Financing Statement Addendum for Collateral Release: This addendum is employed when a secured party wishes to release their security interest in certain collateral. It specifies the released assets, effectively removing them from the original UCC Financing Statement. It is important to note that the Broward Florida UCC Financing Statement Addendum, regardless of its type, must be filed and recorded with the appropriate authorities, such as the Broward County Clerk of Court, to ensure its legal validity and regulatory compliance. Properly completing these addendums is crucial to maintain accuracy and integrity within commercial transactions and ensure the protection of creditors' rights.The Broward Florida UCC Financing Statement Addendum is an essential document that provides further clarification and details regarding the initial UCC (Uniform Commercial Code) Financing Statement in Broward County, Florida. This additional addendum serves to supplement and enhance the original statement, ensuring transparency and accuracy in commercial transactions. A UCC Financing Statement is typically filed by a creditor to establish and perfect their security interest in specific collateral owned by a debtor. There are several types of Broward Florida UCC Financing Statement Addendum, each designed to address specific requirements and circumstances: 1. UCC Financing Statement Addendum for Additional Collateral: This addendum is utilized when additional collateral needs to be included in the original UCC Financing Statement. It outlines the details of the new assets or property, such as its description and location, ensuring comprehensive coverage. 2. UCC Financing Statement Addendum for Amended Information: When there are changes or modifications to the information provided in the original UCC Financing Statement, this addendum is used to record the amendments. It includes updated debtor or secured party information and reflects the necessary alterations. 3. UCC Financing Statement Addendum for Debtor Name Change: In cases where there has been a change in the debtor's legal name, this addendum is crucial to ensure the accuracy of the UCC Financing Statement. It reflects the new name and any other related updated information. 4. UCC Financing Statement Addendum for Collateral Release: This addendum is employed when a secured party wishes to release their security interest in certain collateral. It specifies the released assets, effectively removing them from the original UCC Financing Statement. It is important to note that the Broward Florida UCC Financing Statement Addendum, regardless of its type, must be filed and recorded with the appropriate authorities, such as the Broward County Clerk of Court, to ensure its legal validity and regulatory compliance. Properly completing these addendums is crucial to maintain accuracy and integrity within commercial transactions and ensure the protection of creditors' rights.
