Bexar Texas UCC3 Financing Statement Amendment

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Bexar
• Control #: US-UCC3
• Format: Word; PDF

Description

UCC3 - Financing Statement Amendment - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes. The Bexar Texas UCC3 Financing Statement Amendment is a legal document used to modify or update an existing UCC3 financing statement filed in Bexar County, Texas. This amendment form allows individuals or businesses to make changes to the information previously provided in the original financing statement. Keywords: — Bexar Texas: Referring to the specific county in Texas where the UCC3 financing statement amendment is filed. — UCC3: Abbreviation for "Uniform Commercial Code — Article 3," which is a set of laws governing commercial transactions and secured transactions in the United States. — Financing Statement Amendment: Refers to the process of modifying or making changes to an existing financing statement filed with the appropriate authority. Types of Bexar Texas UCC3 Financing Statement Amendments: 1. Information Update Amendment: This type of amendment is used when there is a need to update or correct information on the original financing statement. It may include changes to debtor information, secured party information, collateral description, or any other relevant details. 2. Collateral Addition Amendment: If there is a need to add additional collateral to the original financing statement, this type of amendment is filed. It allows for including new assets or properties as collateral to secure a debt or obligation. 3. Collateral Release Amendment: In situations where certain collateral that was initially included in the financing statement is no longer relevant or needed, a collateral release amendment is filed. It is used to remove specific collateral from the list of assets secured by the original statement. 4. Amendment Termination: When the debt or obligation secured by the financing statement has been fully satisfied, this type of amendment is filed to terminate the statement. It officially removes the filing from public record, releasing the debtor and any associated collateral from the lien or security interest. It is important to consult with legal experts or relevant authorities to ensure that the correct type of amendment is filed and that all necessary information is provided accurately and completely.

The Bexar Texas UCC3 Financing Statement Amendment is a legal document used to modify or update an existing UCC3 financing statement filed in Bexar County, Texas. This amendment form allows individuals or businesses to make changes to the information previously provided in the original financing statement. Keywords: — Bexar Texas: Referring to the specific county in Texas where the UCC3 financing statement amendment is filed. — UCC3: Abbreviation for "Uniform Commercial Code — Article 3," which is a set of laws governing commercial transactions and secured transactions in the United States. — Financing Statement Amendment: Refers to the process of modifying or making changes to an existing financing statement filed with the appropriate authority. Types of Bexar Texas UCC3 Financing Statement Amendments: 1. Information Update Amendment: This type of amendment is used when there is a need to update or correct information on the original financing statement. It may include changes to debtor information, secured party information, collateral description, or any other relevant details. 2. Collateral Addition Amendment: If there is a need to add additional collateral to the original financing statement, this type of amendment is filed. It allows for including new assets or properties as collateral to secure a debt or obligation. 3. Collateral Release Amendment: In situations where certain collateral that was initially included in the financing statement is no longer relevant or needed, a collateral release amendment is filed. It is used to remove specific collateral from the list of assets secured by the original statement. 4. Amendment Termination: When the debt or obligation secured by the financing statement has been fully satisfied, this type of amendment is filed to terminate the statement. It officially removes the filing from public record, releasing the debtor and any associated collateral from the lien or security interest. It is important to consult with legal experts or relevant authorities to ensure that the correct type of amendment is filed and that all necessary information is provided accurately and completely.