Oakland Michigan UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document that serves to modify or update a previously filed UCC3-AD Financing Statement in the county of Oakland, Michigan. This addendum is designed to incorporate changes or amendments made to the original financing statement, providing clarity and ensuring accuracy of the information contained within. The Oakland Michigan UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is specifically tailored to meet the regulations and requirements set forth by the state of Michigan and the county of Oakland. It adheres to the Uniform Commercial Code (UCC) guidelines, which standardize commercial transactions across all fifty states. By filing this addendum, parties involved in a financial transaction can protect their rights and interests, as well as maintain the continuity of any previously filed financing statements. The addendum includes important details such as the debtor's name, secured party, collateral, and any necessary changes or amendments. Different types or scenarios in which one might encounter an Oakland Michigan UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 could include: 1. Amendment to Collateral Description: If there is a need to modify or add additional collateral to an existing financing statement, this addendum can be used to reflect the changes accurately. For example, if a lender initially filed a financing statement to cover only specific machinery but now wishes to include additional equipment, an addendum can be filed to update the collateral description accordingly. 2. Change in Debtor Information: In cases where the debtor's legal name has changed due to marriage, divorce, or other legal circumstances, this addendum can be used to update the debtor's information. It ensures that the financing statement remains valid and reflects the accurate identification of all parties involved. 3. Amendment of Secured Party Information: If there are changes in the secured party's name or address, an addendum can be filed to update this information. This ensures that any future communications or notifications related to the financing statement are directed correctly to the current secured party. 4. Amendment to Filing Date or Location: In certain situations, there might be a need to correct the filing date or the designated filing location stated in the original financing statement. This addendum can be used to rectify any errors or oversights and maintain the accuracy and integrity of the filing. It is essential to consult legal professionals or specialized filing services to ensure proper completion and submission of the Oakland Michigan UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98. Compliance with all relevant guidelines and regulations is crucial to guarantee legal validity and protection in financial transactions within Oakland, Michigan.