Phoenix Arizona UCC3 Financing Statement Amendment

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• City: Phoenix
• 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. Phoenix Arizona UCC3 Financing Statement Amendment is a legal document that allows individuals or businesses to make changes or updates to an existing UCC3 Financing Statement filed with the Arizona Secretary of State's office. This amendment is necessary when there are modifications to the original financing statement, such as changes in debtor information, collateral description, or any other pertinent details. The UCC3 Financing Statement Amendment in Phoenix Arizona serves as an official record of the changes made, ensuring accuracy and providing transparency to interested parties. It is crucial for securing creditors' interests and maintaining legal compliance in commercial transactions. Keywords: Phoenix Arizona, UCC3 Financing Statement Amendment, legal document, changes, updates, UCC3 Financing Statement, Arizona Secretary of State's office, modifications, debtor information, collateral description, transparency, interested parties, securing creditors' interests, legal compliance, commercial transactions. There are different types of UCC3 Financing Statement Amendments available in Phoenix Arizona, depending on the specific changes needed. These may include: 1. Amendment to Add Additional Collateral: This type of amendment is used when new collateral needs to be added to the financing statement. It involves providing detailed information about the additional assets or properties the debtor is using as collateral. 2. Amendment to Remove Collateral: When certain collateral is no longer relevant or has been disposed of, this amendment is filed to remove it from the financing statement. It requires precise identification of the collateral being eliminated. 3. Amendment to Correct Errors: If there were any mistakes or inaccuracies in the original financing statement, this type of amendment is used to rectify them. It ensures that the information is accurate and reliable for all parties involved. 4. Amendment to Update Debtor Information: In case of changes in debtor details, such as name, address, or organizational structure, this amendment is filed to keep the financing statement current. It provides the updated information to interested parties, avoiding any confusion or discrepancies. 5. Amendment to Terminate the Financing Statement: When the underlying secured debt is fully repaid, and there is no further obligation, this amendment is filed to terminate the financing statement. It removes any lingering claim on the collateral, giving the debtor a clear title. Keywords: UCC3 Financing Statement Amendments, Phoenix Arizona, add additional collateral, remove collateral, correct errors, update debtor information, terminate financing statement, secured debt, clear title.

Phoenix Arizona UCC3 Financing Statement Amendment is a legal document that allows individuals or businesses to make changes or updates to an existing UCC3 Financing Statement filed with the Arizona Secretary of State's office. This amendment is necessary when there are modifications to the original financing statement, such as changes in debtor information, collateral description, or any other pertinent details. The UCC3 Financing Statement Amendment in Phoenix Arizona serves as an official record of the changes made, ensuring accuracy and providing transparency to interested parties. It is crucial for securing creditors' interests and maintaining legal compliance in commercial transactions. Keywords: Phoenix Arizona, UCC3 Financing Statement Amendment, legal document, changes, updates, UCC3 Financing Statement, Arizona Secretary of State's office, modifications, debtor information, collateral description, transparency, interested parties, securing creditors' interests, legal compliance, commercial transactions. There are different types of UCC3 Financing Statement Amendments available in Phoenix Arizona, depending on the specific changes needed. These may include: 1. Amendment to Add Additional Collateral: This type of amendment is used when new collateral needs to be added to the financing statement. It involves providing detailed information about the additional assets or properties the debtor is using as collateral. 2. Amendment to Remove Collateral: When certain collateral is no longer relevant or has been disposed of, this amendment is filed to remove it from the financing statement. It requires precise identification of the collateral being eliminated. 3. Amendment to Correct Errors: If there were any mistakes or inaccuracies in the original financing statement, this type of amendment is used to rectify them. It ensures that the information is accurate and reliable for all parties involved. 4. Amendment to Update Debtor Information: In case of changes in debtor details, such as name, address, or organizational structure, this amendment is filed to keep the financing statement current. It provides the updated information to interested parties, avoiding any confusion or discrepancies. 5. Amendment to Terminate the Financing Statement: When the underlying secured debt is fully repaid, and there is no further obligation, this amendment is filed to terminate the financing statement. It removes any lingering claim on the collateral, giving the debtor a clear title. Keywords: UCC3 Financing Statement Amendments, Phoenix Arizona, add additional collateral, remove collateral, correct errors, update debtor information, terminate financing statement, secured debt, clear title.