Travis Texas UCC3 Financing Statement Amendment

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Travis
• 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. Travis Texas UCC3 Financing Statement Amendment is an important legal process that allows parties to modify, update, or correct information in an existing UCC3 financing statement within Travis County, Texas jurisdiction. This amendment aims to ensure accuracy and clarity in the public record, preserving the rights and priorities of the parties involved. When filing a Travis Texas UCC3 Financing Statement Amendment, it is crucial to provide precise details about the original financing statement, including the file number, date of the initial filing, and the names of the debtor and secured party. Along with these essential reference points, any amendments or changes to be made must be clearly stated and supported by relevant documentation. There can be several types of Travis Texas UCC3 Financing Statement Amendments based on the modifications required. Some common scenarios include: 1. Change in Secured Party Information: This type of amendment is necessary when there is a need to update or correct the secured party's name, address, or other identifying information. It ensures that all future communications or notices will reach the accurate party without any confusion or potential disputes. 2. Amendment of Debtor Information: If there are any changes to the debtor's name, address, or other identifying details, filing an amendment becomes crucial. This ensures that the financing statement accurately reflects the correct debtor's information and avoids potential challenges in identifying the obligated party. 3. Addition or Removal of Collateral: Sometimes, parties may want to add or remove collateral from an existing UCC3 financing statement. This type of amendment ensures that the public record accurately reflects the correct collateral associated with the security agreement. 4. Continuation Statements: Although technically not an amendment, continuation statements play a crucial role in extending the effectiveness of a UCC3 financing statement. A continuation statement is usually filed to prevent the expiration of the original financing statement, providing continuity and preserving the secured party's rights. It is important to note that proper completion and filing of a Travis Texas UCC3 Financing Statement Amendment require attention to detail and adherence to specific guidelines outlined by the Travis County Clerk's office. Timely and accurate filing helps protect the interests of the parties involved and ensures that the public record remains up to date and reliable.

Travis Texas UCC3 Financing Statement Amendment is an important legal process that allows parties to modify, update, or correct information in an existing UCC3 financing statement within Travis County, Texas jurisdiction. This amendment aims to ensure accuracy and clarity in the public record, preserving the rights and priorities of the parties involved. When filing a Travis Texas UCC3 Financing Statement Amendment, it is crucial to provide precise details about the original financing statement, including the file number, date of the initial filing, and the names of the debtor and secured party. Along with these essential reference points, any amendments or changes to be made must be clearly stated and supported by relevant documentation. There can be several types of Travis Texas UCC3 Financing Statement Amendments based on the modifications required. Some common scenarios include: 1. Change in Secured Party Information: This type of amendment is necessary when there is a need to update or correct the secured party's name, address, or other identifying information. It ensures that all future communications or notices will reach the accurate party without any confusion or potential disputes. 2. Amendment of Debtor Information: If there are any changes to the debtor's name, address, or other identifying details, filing an amendment becomes crucial. This ensures that the financing statement accurately reflects the correct debtor's information and avoids potential challenges in identifying the obligated party. 3. Addition or Removal of Collateral: Sometimes, parties may want to add or remove collateral from an existing UCC3 financing statement. This type of amendment ensures that the public record accurately reflects the correct collateral associated with the security agreement. 4. Continuation Statements: Although technically not an amendment, continuation statements play a crucial role in extending the effectiveness of a UCC3 financing statement. A continuation statement is usually filed to prevent the expiration of the original financing statement, providing continuity and preserving the secured party's rights. It is important to note that proper completion and filing of a Travis Texas UCC3 Financing Statement Amendment require attention to detail and adherence to specific guidelines outlined by the Travis County Clerk's office. Timely and accurate filing helps protect the interests of the parties involved and ensures that the public record remains up to date and reliable.