The Contra Costa California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document that provides an opportunity for individuals and businesses to modify or update their existing UCC3-AD Financing Statement in Contra Costa County, California. This document is relevant to anyone who has previously filed a financing statement in this county and wishes to make changes. Keywords: Contra Costa, California, UCC3-AD Financing Statement, Amendment, Addendum, Revised 7-29-98, legal document, modify, update, individuals, businesses, filed, changes. Types of Contra Costa California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98: 1. Correction Addendum: This type of addendum is used when there are errors or mistakes in the original financing statement that need to be rectified. It allows the filer to make necessary corrections and ensure accurate information is recorded. 2. Termination Addendum: If the secured party or debtor wants to terminate or cancel the financing statement for any reason, they can file a termination addendum. This document officially terminates the lien or claim on the collateral mentioned in the original statement. 3. Continuation Addendum: A continuation addendum is filed when the original financing statement is due to expire. By submitting this addendum, the filer extends the validity period of the financing statement, ensuring that it remains effective and enforceable. 4. Amendment Addendum: When any changes need to be made to the information contained in the original financing statement, such as modifications to the collateral description, debtor's name, or secured party information, an amendment addendum is filed to reflect these changes accurately. 5. Assignment Addendum: When a secured party transfers their interest in the collateral to someone else, they file an assignment addendum. This document officially notifies others about the new secured party and their rights to the collateral identified in the financing statement. It is important to consult legal professionals or government resources for the most up-to-date information and guidance when filing any type of financing statement amendment addendum in Contra Costa County, California.
Contra Costa California UCC3-AD Financing Statement Amendment Addendum
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How to fill out Contra Costa California UCC3-AD Financing Statement Amendment Addendum?
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3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
What is UCC3 Termination? UCC-3 Filing step-by-step - YouTube YouTube Start of suggested clip End of suggested clip You should also include a copy of the original UCC. Filing. So the lender can reference it quickly IMoreYou should also include a copy of the original UCC. Filing. So the lender can reference it quickly I like to do steps number one and two simultaneously.
Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.
A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.
How do I terminate a UCC financing statement? Please use the financing statement amendment form (UCC3) and refer to O.C.G.A. § 11-9-513.
If the debtor (or another creditor) filed the Termination without proper authority and then the secured party of record filed a Continuation, the Continuation would extend the term of effectiveness for the Financing Statement since the Termination was not valid.
Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC-1 beyond the date which is five years after the date of its filing.
To assist the Bureau, filers may wish to delete this information prior to filing. You may contact the Uniform Commercial Code section by calling (717) 787-1057 option 2, or by mail at: Uniform Commercial Code, PO Box 8721, Harrisburg, PA 17105.
To amend your collateral description, click the button labeled View/Amend Collateral. After clicking this button, a pop-up will appear and will display the current collateral description and provide options to Add Collateral, Delete Collateral or Change Collateral.
How long does a UCC filing last? A UCC-1 filing is good for five years. After five years, it is considered lapsed and no longer valid. Should your debtor remain in debt to you and encounter financial difficulty or file for bankruptcy, you have no secured interest if your UCC-1 filing has lapsed.