This document is the "National UCC Financing Statement Addendum," and it is an American Lawyer Media form. It accompanies the UCC Financing Statement.
Contra Costa County, located in California, utilizes a UCC Financing Statement Addendum as a crucial component in commercial transactions. UCC, standing for Uniform Commercial Code, refers to a standardized set of laws governing various commercial activities within the United States. The Contra Costa County UCC Financing Statement Addendum is an additional document that complements the UCC financing statement, providing relevant and necessary details for the transaction at hand. It serves to enhance the accuracy and completeness of the UCC financing statement, ensuring that all pertinent information is properly recorded and accessible. This addendum includes various key elements, such as the debtor's information (name, address, and other identification details), the secured party's information (name, address, and contact details), the collateral being pledged as security, and any additional terms or conditions agreed upon by the parties involved. Additionally, it may contain specific instructions or declarations regarding the transaction, allowing parties to clarify any ambiguities or define the scope of the secured interest. In Contra Costa County, different types of UCC Financing Statement Addendum may be utilized depending on the nature of the transaction. Some common variations may include: 1. Real Estate Collateral Addendum: This addendum specifically pertains to transactions involving real estate as collateral, providing additional information such as property descriptions, legal descriptions, and any encumbrances or liens associated with the property. 2. Specific Collateral Description Addendum: This addendum is utilized when there is a need for a detailed description of the collateral being pledged. It includes specific information regarding the type, quantity, serial numbers (if applicable), or any other distinguishing characteristics of the collateral. 3. Additional Terms and Conditions Addendum: In certain cases, parties may wish to include specific terms and conditions that go beyond the standard provisions of the UCC Financing Statement. This addendum allows for customization, enabling parties to outline any special provisions or agreements that may be relevant to their transaction. The Contra Costa County UCC Financing Statement Addendum plays a vital role in ensuring transparency, accuracy, and protection for all parties involved in commercial transactions. By providing a comprehensive and detailed record of the transaction, it offers a greater level of security and facilitates efficient dealings within the business community.Contra Costa County, located in California, utilizes a UCC Financing Statement Addendum as a crucial component in commercial transactions. UCC, standing for Uniform Commercial Code, refers to a standardized set of laws governing various commercial activities within the United States. The Contra Costa County UCC Financing Statement Addendum is an additional document that complements the UCC financing statement, providing relevant and necessary details for the transaction at hand. It serves to enhance the accuracy and completeness of the UCC financing statement, ensuring that all pertinent information is properly recorded and accessible. This addendum includes various key elements, such as the debtor's information (name, address, and other identification details), the secured party's information (name, address, and contact details), the collateral being pledged as security, and any additional terms or conditions agreed upon by the parties involved. Additionally, it may contain specific instructions or declarations regarding the transaction, allowing parties to clarify any ambiguities or define the scope of the secured interest. In Contra Costa County, different types of UCC Financing Statement Addendum may be utilized depending on the nature of the transaction. Some common variations may include: 1. Real Estate Collateral Addendum: This addendum specifically pertains to transactions involving real estate as collateral, providing additional information such as property descriptions, legal descriptions, and any encumbrances or liens associated with the property. 2. Specific Collateral Description Addendum: This addendum is utilized when there is a need for a detailed description of the collateral being pledged. It includes specific information regarding the type, quantity, serial numbers (if applicable), or any other distinguishing characteristics of the collateral. 3. Additional Terms and Conditions Addendum: In certain cases, parties may wish to include specific terms and conditions that go beyond the standard provisions of the UCC Financing Statement. This addendum allows for customization, enabling parties to outline any special provisions or agreements that may be relevant to their transaction. The Contra Costa County UCC Financing Statement Addendum plays a vital role in ensuring transparency, accuracy, and protection for all parties involved in commercial transactions. By providing a comprehensive and detailed record of the transaction, it offers a greater level of security and facilitates efficient dealings within the business community.
