Los Angeles California UCC3-AD Financing Statement Amendment Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Los Angeles
• 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. Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document used in the state of California to modify or update a UCC3-AD Financing Statement. This particular form, revised on July 29, 1998, is specific to Los Angeles. The UCC3-AD Financing Statement Amendment Addendum serves several purposes. It allows lenders or secured parties to make changes to an existing financing statement, such as correcting errors, adding collateral or removing collateral from the original statement, updating debtor information, or addressing any other necessary modifications. This addendum is crucial for maintaining accuracy and ensuring the security interests of all parties involved. Keywords: Los Angeles, California, UCC3-AD Financing Statement Amendment Addendum, Revised 7-29-98, legal document, modify, update, UCC3-AD Financing Statement, lenders, secured parties, changes, correcting errors, collateral, debtor information, modifications, accuracy, security interests. Different types of Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 may include variations based on the type of modifications or updates required. Here are a few examples: 1. Correction Addendum: This type of addendum is used when there are minor errors or mistakes in the original UCC3-AD Financing Statement that need to be rectified. It may include correcting debtor information, clarifying collateral descriptions, or amending other small errors. 2. Collateral Addition Addendum: When a lender wishes to add additional collateral to the original UCC3-AD Financing Statement, they would use this type of addendum. This allows the expansion of their security interest to cover newly acquired assets or increased collateral. 3. Collateral Removal Addendum: If a secured party wants to remove collateral from the original UCC3-AD Financing Statement, they would utilize this addendum. This may occur when a debtor has sold or disposed of certain assets, or when the secured party no longer has an interest in specific items. 4. Debtor Information Update Addendum: This addendum is used to make changes or updates to the debtor's information provided in the original UCC3-AD Financing Statement. It may include modifications to the legal name, address, or any other relevant details ensuring accurate debtor identification. 5. Amendment Addendum — General: This addendum serves as a catch-all category for any other necessary modifications that do not fall under the specific types mentioned above. It allows for flexibility when making multiple or diverse changes to the original UCC3-AD Financing Statement. Overall, the Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a crucial legal form that enables lenders or secured parties in Los Angeles to modify and update their existing UCC3-AD Financing Statements efficiently and securely.

Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document used in the state of California to modify or update a UCC3-AD Financing Statement. This particular form, revised on July 29, 1998, is specific to Los Angeles. The UCC3-AD Financing Statement Amendment Addendum serves several purposes. It allows lenders or secured parties to make changes to an existing financing statement, such as correcting errors, adding collateral or removing collateral from the original statement, updating debtor information, or addressing any other necessary modifications. This addendum is crucial for maintaining accuracy and ensuring the security interests of all parties involved. Keywords: Los Angeles, California, UCC3-AD Financing Statement Amendment Addendum, Revised 7-29-98, legal document, modify, update, UCC3-AD Financing Statement, lenders, secured parties, changes, correcting errors, collateral, debtor information, modifications, accuracy, security interests. Different types of Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 may include variations based on the type of modifications or updates required. Here are a few examples: 1. Correction Addendum: This type of addendum is used when there are minor errors or mistakes in the original UCC3-AD Financing Statement that need to be rectified. It may include correcting debtor information, clarifying collateral descriptions, or amending other small errors. 2. Collateral Addition Addendum: When a lender wishes to add additional collateral to the original UCC3-AD Financing Statement, they would use this type of addendum. This allows the expansion of their security interest to cover newly acquired assets or increased collateral. 3. Collateral Removal Addendum: If a secured party wants to remove collateral from the original UCC3-AD Financing Statement, they would utilize this addendum. This may occur when a debtor has sold or disposed of certain assets, or when the secured party no longer has an interest in specific items. 4. Debtor Information Update Addendum: This addendum is used to make changes or updates to the debtor's information provided in the original UCC3-AD Financing Statement. It may include modifications to the legal name, address, or any other relevant details ensuring accurate debtor identification. 5. Amendment Addendum — General: This addendum serves as a catch-all category for any other necessary modifications that do not fall under the specific types mentioned above. It allows for flexibility when making multiple or diverse changes to the original UCC3-AD Financing Statement. Overall, the Los Angeles California UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a crucial legal form that enables lenders or secured parties in Los Angeles to modify and update their existing UCC3-AD Financing Statements efficiently and securely.