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Salt Lake Utah UCC3 Financing Statement Amendment Additional Party

Category:
Contracts - Uniform Commercial Code - Financing Statements
State:
Multi-State
County:
Salt Lake
Control #:
US-UCC3-AP
Format:
PDF
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Description

Financing Statement Amendment Additional Party form for adding additional Debtors or Secured Parties to Financing Statement Amendment (Form UCC3).

Salt Lake Utah UCC3 Financing Statement Amendment Additional Party is a legal document used in Salt Lake City, Utah, to make changes or additions to a UCC3 financing statement, such as adding a party to the existing agreement. This document plays a crucial role in protecting the interests of secured parties and ensuring proper recording of any changes made. When it comes to different types of Salt Lake Utah UCC3 Financing Statement Amendment Additional Party, they can vary based on the purpose of the amendment, the type of secured transaction, or the new party being added. Here are a few examples: 1. Collateral Addition: In some cases, a creditor or lender may need to amend the original UCC3 financing statement to include additional collateral for the debtor. This may occur when an existing debt is refinanced or when new collateral is acquired by the debtor. 2. Debtor Name Change: If the debtor in a financing statement changes their legal name (due to marriage, divorce, or any other reason), it becomes necessary to file a UCC3 amendment to reflect this change accurately. This ensures accuracy in recording and maintaining the security interest. 3. Collateral Release: Sometimes, a secured party may want to release specific collateral from the original financing statement due to repayment, a change in the terms of the agreement, or other reasons. The UCC3 amendment is used to remove said collateral from the original filing, assuring the debtor and other creditors that the released assets are no longer encumbered. 4. Addition of Secured Party: In some instances, a new secured party may join the existing financing agreement by taking an interest in the debtor's collateral. The UCC3 amendment facilitates the addition of this new party to the financing statement, acknowledging their rights and interests. The Salt Lake Utah UCC3 Financing Statement Amendment Additional Party form requires relevant information such as the original UCC filing number, debtor's information, new party's information, and a description of the changes being made. It is crucial to ensure accuracy and completeness while preparing and submitting this document to the appropriate filing office. In summary, the Salt Lake Utah UCC3 Financing Statement Amendment Additional Party is an essential legal document used to modify or supplement an existing UCC3 financing statement for various purposes. It allows for changes in collateral, debtor information, and the addition of new secured parties. The accuracy and completeness of this document are crucial to protect the rights and interests of all involved parties in the secured transaction.

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How to fill out Salt Lake Utah UCC3 Financing Statement Amendment Additional Party?

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FAQ

A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.

Whether you are amending a filing or terminating a filing, if you are redirected to the UCC Services Request form, complete all tabs of the service request you can do this by making the changes and then clicking Next on the bottom right of the screen. Next till you can't next no more! and then click Submit.

Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC-1 beyond the date which is five years after the date of its filing.

To do so you will generally need to make a trip in person down to your secretary of state's office. Once there, you will be able to swear under oath that you've satisfied the debt in full and wish to request for the UCC-1 filing to be removed.

When filing a UCC-3, only make one change at a time. States will most likely reject a UCC-3 that is both an amendment and continuation. File separate forms for each change, in a logical sequence. If a new debtor is added, you cannot continue an agreement with them until they are added.

To amend your collateral description, click the button labeled View/Amend Collateral. After clicking this button, a pop-up will appear and will display the current collateral description and provide options to Add Collateral, Delete Collateral or Change Collateral.

3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.

What is UCC3 Termination? UCC-3 Filing step-by-step - YouTube YouTube Start of suggested clip End of suggested clip You should also include a copy of the original UCC. Filing. So the lender can reference it quickly IMoreYou should also include a copy of the original UCC. Filing. So the lender can reference it quickly I like to do steps number one and two simultaneously.

If the debtor (or another creditor) filed the Termination without proper authority and then the secured party of record filed a Continuation, the Continuation would extend the term of effectiveness for the Financing Statement since the Termination was not valid.

To assign (1) some or all of Assignor's right to amend the identified financing statement, or (2) the Assignor's right to amend the identified financing statement with respect to some (but not all) of the collateral covered by the identified financing statement: Check box in item 3 and enter name of Assignee in item 7a

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If you need to use attachments, you are encouraged to use either Amendment Addendum (Form UCC3Ad) or Amendment Additional Party (Form UCC3AP).

To use the amendments in the amendment form, download and fill out PDF form (right-hand side), print with your name and address, sign and submit. In the event that you lose your signature or do not sign the amendment, we will continue to record your vote. Please have someone with you at the polls at the time you vote. The polls may close at 11:59 p.m. but you are still eligible to vote. Election workers cannot give out their number until after the polls have closed. Voters cannot claim a ballot when voting by mail. VOTING BY ELECTION. Voters must be at least 18 years old or at least 18 or over When you cast your vote you can mark the ballot on the ballot. However, if the address on your registration form is different from your permanent residence, you must mark your ballot in the county where your residence is located. You can also vote from the voting booths during early voting, by phone on Election Day by calling 311 or through other means on election day. Eligible Voters.

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