Wake North Carolina UCC3 Financing Statement Amendment is a legal document filed with the Wake County Clerk's Office to modify or update an existing UCC3 Financing Statement in the state of North Carolina. This amendment is crucial to maintain accurate and up-to-date records of secured transactions involving personal property. The Wake North Carolina UCC3 Financing Statement Amendment allows various changes to be made to the original financing statement, ensuring that all relevant information reflects the current state of the debtor-creditor relationship. It aids in documenting any modifications, corrections, or adjustments to the original statement, ensuring clarity and legal compliance. Types of Wake North Carolina UCC3 Financing Statement Amendments can include: 1. Correction: This type of amendment corrects any errors or inaccuracies in the original UCC3 Financing Statement, such as the misspelling of names, incorrect addresses, or erroneous identification of collateral. The correction amendment rectifies these mistakes to accurately reflect the intentions and agreements of the parties involved. 2. Continuation: A continuation amendment extends the effectiveness of the original financing statement beyond its specified expiration date. By filing this amendment, secured parties can ensure that their security interests continue to be valid and enforceable, providing them with ongoing protection. 3. Termination: A termination amendment is used when the underlying debt or obligation has been fully satisfied or the security interest is no longer valid. It officially removes the financing statement from the public record, signaling that the secured party's claim is no longer active or enforceable. 4. Assignment: This type of amendment is filed when a secured party transfers their rights, interests, or obligations under the original financing statement to another party. It offers transparency by reflecting the change in ownership or control of the security interest. 5. Amendment of Collateral Description: When modifications or updates are necessary to the original description of the collateral, an amendment can be filed. This amendment ensures that the collateral identification accurately represents the assets encompassed by the security interest. These are a few common types of Wake North Carolina UCC3 Financing Statement Amendments. Each amendment serves a unique purpose in reflecting changes, corrections, or the termination of a security interest in secured transactions. It is vital for creditors and debtors to adhere to the filing requirements and timelines to maintain accurate and enforceable records in the state of North Carolina.