Pima Arizona UCC3 Financing Statement Amendment

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Pima
• 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 Lima Arizona UCC3 Financing Statement Amendment is a legal document used to revise or update information on an existing financing statement registration in relation to Uniform Commercial Code (UCC) guidelines. This amendment is crucial for maintaining accuracy and ensuring that all relevant parties are aware of any changes to the original filing. In Lima, Arizona, there are several types of UCC3 Financing Statement Amendments, each serving a specific purpose: 1. Amendment to Add Secured Party: This type of amendment is filed when there is a need to add a new secured party to the existing financing statement. It ensures that the new secured party's interests and rights are officially acknowledged and protected. 2. Amendment to Terminate Secured Party: If a secured party is no longer associated with the transaction or has been paid in full, an amendment to terminate the secured party is filed. This amendment removes the secured party's name from the financing statement, indicating that they no longer hold a security interest. 3. Amendment to Add Debtor: When an additional debtor is involved in the transaction or a previously unmentioned debtor needs to be included, an amendment is filed to add the debtor's information to the financing statement. 4. Amendment to Terminate Debtor: In certain cases, a debtor might no longer be liable for the debt or no longer holds an interest in the property covered by the financing statement. An amendment to terminate the debtor is submitted to remove their name from the filing. 5. Amendment to Change Collateral Description: If there is a need to modify or provide more accurate details about the collateral covered by the financing statement, an amendment to change the collateral description is filed. This ensures the accuracy and clarity of information regarding the secured assets. 6. Amendment to Continue Perfection: Financing statements are usually effective for a limited period. Therefore, an amendment to continue perfection is filed to extend the effectiveness of the original financing statement. This ensures that the secured party's interest remains legally protected. It is important to note that these types of amendments may vary in terms of requirements and specific information needed, so it's essential to consult the appropriate legal resources or professionals to ensure compliance with the Lima, Arizona UCC requirements. Keywords: Lima, Arizona, UCC3 Financing Statement, Amendment, legal document, revise, update, existing, financing statement registration, Uniform Commercial Code, accuracy, add secured party, terminate secured party, add debtor, terminate debtor, change collateral description, continue perfection, legal resources, professionals, compliance.

The Lima Arizona UCC3 Financing Statement Amendment is a legal document used to revise or update information on an existing financing statement registration in relation to Uniform Commercial Code (UCC) guidelines. This amendment is crucial for maintaining accuracy and ensuring that all relevant parties are aware of any changes to the original filing. In Lima, Arizona, there are several types of UCC3 Financing Statement Amendments, each serving a specific purpose: 1. Amendment to Add Secured Party: This type of amendment is filed when there is a need to add a new secured party to the existing financing statement. It ensures that the new secured party's interests and rights are officially acknowledged and protected. 2. Amendment to Terminate Secured Party: If a secured party is no longer associated with the transaction or has been paid in full, an amendment to terminate the secured party is filed. This amendment removes the secured party's name from the financing statement, indicating that they no longer hold a security interest. 3. Amendment to Add Debtor: When an additional debtor is involved in the transaction or a previously unmentioned debtor needs to be included, an amendment is filed to add the debtor's information to the financing statement. 4. Amendment to Terminate Debtor: In certain cases, a debtor might no longer be liable for the debt or no longer holds an interest in the property covered by the financing statement. An amendment to terminate the debtor is submitted to remove their name from the filing. 5. Amendment to Change Collateral Description: If there is a need to modify or provide more accurate details about the collateral covered by the financing statement, an amendment to change the collateral description is filed. This ensures the accuracy and clarity of information regarding the secured assets. 6. Amendment to Continue Perfection: Financing statements are usually effective for a limited period. Therefore, an amendment to continue perfection is filed to extend the effectiveness of the original financing statement. This ensures that the secured party's interest remains legally protected. It is important to note that these types of amendments may vary in terms of requirements and specific information needed, so it's essential to consult the appropriate legal resources or professionals to ensure compliance with the Lima, Arizona UCC requirements. Keywords: Lima, Arizona, UCC3 Financing Statement, Amendment, legal document, revise, update, existing, financing statement registration, Uniform Commercial Code, accuracy, add secured party, terminate secured party, add debtor, terminate debtor, change collateral description, continue perfection, legal resources, professionals, compliance.