Fulton Georgia UCC3-AD Financing Statement Amendment Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Fulton
• 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. Fulton Georgia UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document used in Fulton County, Georgia, for making changes or updates to an existing financing statement under the Uniform Commercial Code (UCC) regulations. It is crucial to familiarize oneself with this document's purpose, requirements, and potential variations to ensure compliance with the applicable laws and regulations. This UCC3-AD Financing Statement Amendment Addendum serves as a supplemental attachment to the original financing statement, allowing creditors to modify, correct, or add additional information related to the debtor, secured party, collateral, or other relevant details provided in the initial filing. The Revised 7-29-98 version refers to the specific revision date of this official form, indicating the most recent update since its adoption. To ensure clarity and accuracy in filling out the Fulton Georgia UCC3-AD Financing Statement Amendment Addendum, it is essential to understand the various circumstances that may lead to different types of addendums: 1. Corrective Amendment Addendum: This type of addendum is used when there are errors or inaccuracies in the original financing statement that need to be corrected. It allows for the rectification of mistakes such as incorrect debtor or secured party information, wrong collateral descriptions, or other clerical errors. 2. Amendment Addendum to Reflect Collateral Changes: Creditors may choose this type of addendum to reflect changes in the collateral provided as security. It enables the creditor to update or modify the collateral description, add or remove collateral items, or make any necessary amendments to ensure accurate representation of the current collaterals. 3. Termination Addendum: If the financing statement is to be terminated or no longer applicable, a termination addendum is used. This addendum notifies the relevant parties that the financing statement is no longer enforceable, whether due to full payment of the debt, release of the security interest, or any other legal reasons. Regardless of the specific type of Fulton Georgia UCC3-AD Financing Statement Amendment Addendum, it is crucial that all changes, additions, or terminations comply with the UCC regulations, as well as any additional state-specific requirements pertaining to the filing process in Fulton County, Georgia. Professional legal advice and attention to detail are highly recommended ensuring accuracy and compliance to protect the interests of all parties involved.

Fulton Georgia UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document used in Fulton County, Georgia, for making changes or updates to an existing financing statement under the Uniform Commercial Code (UCC) regulations. It is crucial to familiarize oneself with this document's purpose, requirements, and potential variations to ensure compliance with the applicable laws and regulations. This UCC3-AD Financing Statement Amendment Addendum serves as a supplemental attachment to the original financing statement, allowing creditors to modify, correct, or add additional information related to the debtor, secured party, collateral, or other relevant details provided in the initial filing. The Revised 7-29-98 version refers to the specific revision date of this official form, indicating the most recent update since its adoption. To ensure clarity and accuracy in filling out the Fulton Georgia UCC3-AD Financing Statement Amendment Addendum, it is essential to understand the various circumstances that may lead to different types of addendums: 1. Corrective Amendment Addendum: This type of addendum is used when there are errors or inaccuracies in the original financing statement that need to be corrected. It allows for the rectification of mistakes such as incorrect debtor or secured party information, wrong collateral descriptions, or other clerical errors. 2. Amendment Addendum to Reflect Collateral Changes: Creditors may choose this type of addendum to reflect changes in the collateral provided as security. It enables the creditor to update or modify the collateral description, add or remove collateral items, or make any necessary amendments to ensure accurate representation of the current collaterals. 3. Termination Addendum: If the financing statement is to be terminated or no longer applicable, a termination addendum is used. This addendum notifies the relevant parties that the financing statement is no longer enforceable, whether due to full payment of the debt, release of the security interest, or any other legal reasons. Regardless of the specific type of Fulton Georgia UCC3-AD Financing Statement Amendment Addendum, it is crucial that all changes, additions, or terminations comply with the UCC regulations, as well as any additional state-specific requirements pertaining to the filing process in Fulton County, Georgia. Professional legal advice and attention to detail are highly recommended ensuring accuracy and compliance to protect the interests of all parties involved.