Dallas Texas UCC3-AD Financing Statement Amendment Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Dallas
• Control #: US-UCC3-AD
• Format: Word; PDF

Description

This Uniform Commercial Code form, a UCC3-AD Financing Statement Amendment Addendum, is for use in the documentation of personal property as collateral for a loan, and related matters. Dallas Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document that contains specific information about changes made to a financing statement. It is an essential tool used in commercial transactions to update and modify existing UCC3-AD financing statements, ensuring accuracy and transparency in the business world. The revised version, dated 7-29-98, signifies that this addendum follows the latest guidelines and regulations set forth in Dallas, Texas. Under the UCC3-AD Financing Statement Amendment Addendum, there may be several types, each serving a unique purpose. Some common types include: 1. UCC3-AD Financing Statement Termination Addendum: This addendum is used when a financing statement needs to be terminated, indicating that the debtor no longer owes any debt to the secured party. 2. UCC3-AD Financing Statement Assignment Addendum: When a financing statement needs to be transferred or assigned from one secured party to another, this addendum is utilized to document the change in ownership or control. 3. UCC3-AD Financing Statement Amendment Addendum — Collateral Addition: This addendum comes into play when changes need to be made to the collateral description included in the original financing statement. It serves the purpose of adding new collateral or modifying existing descriptions. 4. UCC3-AD Financing Statement Amendment Addendum — Debtor Information Update: If there is a need to revise or update debtor-related information such as name, address, or legal entity status, this addendum is used to reflect the changes accurately. 5. UCC3-AD Financing Statement Amendment Addendum — Secured Party Information Update: In cases where the secured party's details have changed, such as name, address, or contact information, this addendum is employed to ensure the accuracy of the information presented in the financing statement. Using the Dallas Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is crucial for maintaining the validity and enforceability of financing statements. It allows parties involved in commercial transactions to make necessary adjustments and keep the public record updated accurately. The precise documentation provided by this addendum reinforces trust and confidence among lenders, borrowers, and other stakeholders in the business community.

Dallas Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document that contains specific information about changes made to a financing statement. It is an essential tool used in commercial transactions to update and modify existing UCC3-AD financing statements, ensuring accuracy and transparency in the business world. The revised version, dated 7-29-98, signifies that this addendum follows the latest guidelines and regulations set forth in Dallas, Texas. Under the UCC3-AD Financing Statement Amendment Addendum, there may be several types, each serving a unique purpose. Some common types include: 1. UCC3-AD Financing Statement Termination Addendum: This addendum is used when a financing statement needs to be terminated, indicating that the debtor no longer owes any debt to the secured party. 2. UCC3-AD Financing Statement Assignment Addendum: When a financing statement needs to be transferred or assigned from one secured party to another, this addendum is utilized to document the change in ownership or control. 3. UCC3-AD Financing Statement Amendment Addendum — Collateral Addition: This addendum comes into play when changes need to be made to the collateral description included in the original financing statement. It serves the purpose of adding new collateral or modifying existing descriptions. 4. UCC3-AD Financing Statement Amendment Addendum — Debtor Information Update: If there is a need to revise or update debtor-related information such as name, address, or legal entity status, this addendum is used to reflect the changes accurately. 5. UCC3-AD Financing Statement Amendment Addendum — Secured Party Information Update: In cases where the secured party's details have changed, such as name, address, or contact information, this addendum is employed to ensure the accuracy of the information presented in the financing statement. Using the Dallas Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is crucial for maintaining the validity and enforceability of financing statements. It allows parties involved in commercial transactions to make necessary adjustments and keep the public record updated accurately. The precise documentation provided by this addendum reinforces trust and confidence among lenders, borrowers, and other stakeholders in the business community.