This document is the "National UCC Financing Statement Addendum," and it is an American Lawyer Media form. It accompanies the UCC Financing Statement.
The Phoenix Arizona UCC Financing Statement Addendum is an important legal document that provides additional information and amendments to the original UCC financing statement. This addendum is typically used in the state of Arizona to provide more detailed information about the original filing. In Phoenix, Arizona, there are different types of UCC financing statement addendums that serve different purposes and reflect various changes to the original filing. Some notable types are: 1. Amendment Addendum: This addendum is used when there are changes or updates to the original UCC financing statement. It includes modifications such as changes in debtor information, collateral description, or any other essential details related to the initial filing. By filing this amendment addendum, the parties involved ensure that the UCC filing remains accurate and up-to-date. 2. Assignment Addendum: An assignment addendum is used when there is a transfer of rights or interests in the collateral described in the UCC financing statement. For instance, if a lender wants to assign their interest in a loan to another party, they would file this addendum to reflect the change in ownership. 3. Continuation Addendum: A continuation addendum is necessary when the original UCC financing statement is due to expire. The addendum extends the validity of the filing for an additional period, ensuring that the secured party's interest continues to be properly documented and maintained. 4. Termination Addendum: This addendum is used to officially terminate or release a UCC financing statement. It is filed when a debt has been fully paid off or when the collateral is no longer encumbered by the secured party. In Phoenix, Arizona, it is crucial for parties involved in UCC filings to familiarize themselves with the different types of UCC financing statement addendums in order to accurately reflect any changes or updates related to the original filing. These addendums play a vital role in maintaining the accuracy and effectiveness of UCC filings, ensuring the interests of the secured parties are properly protected.The Phoenix Arizona UCC Financing Statement Addendum is an important legal document that provides additional information and amendments to the original UCC financing statement. This addendum is typically used in the state of Arizona to provide more detailed information about the original filing. In Phoenix, Arizona, there are different types of UCC financing statement addendums that serve different purposes and reflect various changes to the original filing. Some notable types are: 1. Amendment Addendum: This addendum is used when there are changes or updates to the original UCC financing statement. It includes modifications such as changes in debtor information, collateral description, or any other essential details related to the initial filing. By filing this amendment addendum, the parties involved ensure that the UCC filing remains accurate and up-to-date. 2. Assignment Addendum: An assignment addendum is used when there is a transfer of rights or interests in the collateral described in the UCC financing statement. For instance, if a lender wants to assign their interest in a loan to another party, they would file this addendum to reflect the change in ownership. 3. Continuation Addendum: A continuation addendum is necessary when the original UCC financing statement is due to expire. The addendum extends the validity of the filing for an additional period, ensuring that the secured party's interest continues to be properly documented and maintained. 4. Termination Addendum: This addendum is used to officially terminate or release a UCC financing statement. It is filed when a debt has been fully paid off or when the collateral is no longer encumbered by the secured party. In Phoenix, Arizona, it is crucial for parties involved in UCC filings to familiarize themselves with the different types of UCC financing statement addendums in order to accurately reflect any changes or updates related to the original filing. These addendums play a vital role in maintaining the accuracy and effectiveness of UCC filings, ensuring the interests of the secured parties are properly protected.
