Suffolk New York UCC3-AD Financing Statement Amendment Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Suffolk
• 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. Suffolk New York UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98, is a legal document pertaining to the filing, modification, or termination of a financing statement under the Uniform Commercial Code (UCC) within Suffolk County, New York. This addendum adds to or amends the original UCC3-AD Financing Statement, providing updated information or correcting any errors. The UCC3-AD Financing Statement Amendment Addendum serves as an essential tool for documenting changes in a secured transaction, ensuring transparency and accuracy in commercial transactions. It includes relevant keywords such as "Suffolk New York," "UCC3-AD," "Financing Statement," "Amendment Addendum," and "Revised 7-29-98." In Suffolk County, there may be various types of UCC3-AD Financing Statement Amendment Addendums based on specific circumstances. Examples of different types may include: 1. UCC3-AD Financing Statement Amendment Addendum — Name Change: This addendum is utilized when the debtor's legal name has changed, either due to marriage, divorce, or other reasons. The addendum ensures the financing statement reflects the updated debtor information accurately. 2. UCC3-AD Financing Statement Amendment Addendum — Collateral Addition: When new collateral or additional assets are added to the existing financing statement, this addendum is used to record the changes. It safeguards the secured party's interest in expanding the scope of the original filing. 3. UCC3-AD Financing Statement Amendment Addendum — Collateral Release: In cases where certain collateral has been paid off or otherwise no longer serves as security, this addendum is filed to release the specified assets from the financing statement. It removes the lien against those particular properties or assets. 4. UCC3-AD Financing Statement Amendment Addendum — Debtor Termination: If the debtor ceases to exist or is no longer liable for the obligations associated with the financing statement, this addendum is filed to terminate the debtor's obligations. It ensures the accuracy of public records and releases the debtor from their liabilities. By utilizing the Suffolk New York UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98, individuals, businesses, and financial institutions can maintain clear and up-to-date records of their secured transactions within Suffolk County. Understanding the different types of addendums available enables parties to comply with the requirements of the UCC, protect their interests, and maintain the accurate documentation necessary for commercial transactions in Suffolk County.

Suffolk New York UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98, is a legal document pertaining to the filing, modification, or termination of a financing statement under the Uniform Commercial Code (UCC) within Suffolk County, New York. This addendum adds to or amends the original UCC3-AD Financing Statement, providing updated information or correcting any errors. The UCC3-AD Financing Statement Amendment Addendum serves as an essential tool for documenting changes in a secured transaction, ensuring transparency and accuracy in commercial transactions. It includes relevant keywords such as "Suffolk New York," "UCC3-AD," "Financing Statement," "Amendment Addendum," and "Revised 7-29-98." In Suffolk County, there may be various types of UCC3-AD Financing Statement Amendment Addendums based on specific circumstances. Examples of different types may include: 1. UCC3-AD Financing Statement Amendment Addendum — Name Change: This addendum is utilized when the debtor's legal name has changed, either due to marriage, divorce, or other reasons. The addendum ensures the financing statement reflects the updated debtor information accurately. 2. UCC3-AD Financing Statement Amendment Addendum — Collateral Addition: When new collateral or additional assets are added to the existing financing statement, this addendum is used to record the changes. It safeguards the secured party's interest in expanding the scope of the original filing. 3. UCC3-AD Financing Statement Amendment Addendum — Collateral Release: In cases where certain collateral has been paid off or otherwise no longer serves as security, this addendum is filed to release the specified assets from the financing statement. It removes the lien against those particular properties or assets. 4. UCC3-AD Financing Statement Amendment Addendum — Debtor Termination: If the debtor ceases to exist or is no longer liable for the obligations associated with the financing statement, this addendum is filed to terminate the debtor's obligations. It ensures the accuracy of public records and releases the debtor from their liabilities. By utilizing the Suffolk New York UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98, individuals, businesses, and financial institutions can maintain clear and up-to-date records of their secured transactions within Suffolk County. Understanding the different types of addendums available enables parties to comply with the requirements of the UCC, protect their interests, and maintain the accurate documentation necessary for commercial transactions in Suffolk County.