This document is the "National UCC Financing Statement Addendum," and it is an American Lawyer Media form. It accompanies the UCC Financing Statement.
Travis Texas UCC Financing Statement Addendum is a legal document used to provide additional information and amendments to an original UCC financing statement in Travis County, Texas. This addendum is an essential tool for lenders, debtors, and interested parties involved in secured transactions, as it helps clarify, modify, or supplement the details provided in the original filing. The purpose of a Travis Texas UCC Financing Statement Addendum is to ensure accuracy and transparency in documenting and perfecting secured interests in personal property. By submitting this addendum, parties can make necessary changes or additions to the initial filing, allowing potential creditors or buyers to have up-to-date and accurate information regarding assets used as collateral. There are different types of Travis Texas UCC Financing Statement Addenda that can be utilized based on the specific circumstances or alterations required. These may include: 1. Amendment Addendum: This type of addendum allows for correcting errors, changing debtor information, updating collateral descriptions, adding or removing secured parties, or making any other necessary amendments to the original financing statement. 2. Continuation Addendum: When the original UCC financing statement has a designated end date and needs to be extended, a continuation addendum is used. By submitting this addendum, the secured party ensures that their security interest remains intact beyond the expiration date of the initial filing. 3. Termination Addendum: A termination addendum is used when the secured party wants to release or terminate their interest in the collateral. This addendum is filed to provide notice to other parties that the security interest is no longer valid. Each type of addendum serves a specific purpose and should be used accordingly to comply with the UCC rules and regulations in Travis County, Texas. It is essential for parties involved in secured transactions to understand the importance of these addenda and file them accurately to protect their interests and maintain legal compliance. By utilizing a Travis Texas UCC Financing Statement Addendum when needed, parties can ensure that their secured transactions are accurately recorded, updated, or terminated in accordance with the applicable laws and regulations. This promotes transparency, clarity, and efficient processing of secured transactions within Travis County, Texas.Travis Texas UCC Financing Statement Addendum is a legal document used to provide additional information and amendments to an original UCC financing statement in Travis County, Texas. This addendum is an essential tool for lenders, debtors, and interested parties involved in secured transactions, as it helps clarify, modify, or supplement the details provided in the original filing. The purpose of a Travis Texas UCC Financing Statement Addendum is to ensure accuracy and transparency in documenting and perfecting secured interests in personal property. By submitting this addendum, parties can make necessary changes or additions to the initial filing, allowing potential creditors or buyers to have up-to-date and accurate information regarding assets used as collateral. There are different types of Travis Texas UCC Financing Statement Addenda that can be utilized based on the specific circumstances or alterations required. These may include: 1. Amendment Addendum: This type of addendum allows for correcting errors, changing debtor information, updating collateral descriptions, adding or removing secured parties, or making any other necessary amendments to the original financing statement. 2. Continuation Addendum: When the original UCC financing statement has a designated end date and needs to be extended, a continuation addendum is used. By submitting this addendum, the secured party ensures that their security interest remains intact beyond the expiration date of the initial filing. 3. Termination Addendum: A termination addendum is used when the secured party wants to release or terminate their interest in the collateral. This addendum is filed to provide notice to other parties that the security interest is no longer valid. Each type of addendum serves a specific purpose and should be used accordingly to comply with the UCC rules and regulations in Travis County, Texas. It is essential for parties involved in secured transactions to understand the importance of these addenda and file them accurately to protect their interests and maintain legal compliance. By utilizing a Travis Texas UCC Financing Statement Addendum when needed, parties can ensure that their secured transactions are accurately recorded, updated, or terminated in accordance with the applicable laws and regulations. This promotes transparency, clarity, and efficient processing of secured transactions within Travis County, Texas.
