Salt Lake Utah UCC5 National Correction Statement is a legal filing document used in Utah to correct errors or mistakes made in previously filed Uniform Commercial Code (UCC) forms. The UCC is a comprehensive set of laws governing transactions involving personal property and security interests. The Salt Lake Utah UCC5 National Correction Statement is filed with the Utah Secretary of State's office and provides a mechanism for parties to correct errors in UCC Financing Statements, Amendment Statements, and Termination Statements that have already been submitted. The purpose of the Salt Lake Utah UCC5 National Correction Statement is to ensure the accuracy and correctness of the information contained in UCC filings. It allows parties to rectify any mistakes made in initial filings, such as errors in debtor names, incorrect collateral descriptions, or incorrect filing references. It is important to note that different types of Salt Lake Utah UCC5 National Correction Statements may exist, depending on the type of correction needed. Some common types include: 1. Salt Lake Utah UCC5 National Correction Statement — Amendment: This type of correction statement is filed when there is a need to amend or modify previously filed UCC forms. It is used to correct information that has changed or needs updating, such as changes in collateral descriptions or debtor information. 2. Salt Lake Utah UCC5 National Correction Statement — Termination: This type of correction statement is filed to formally terminate or cancel a previously filed UCC form. It is used in cases where a security interest or lien has been fully satisfied or released and needs to be officially terminated. 3. Salt Lake Utah UCC5 National Correction Statement — Error Correction: This type of correction statement is filed to rectify errors or mistakes made in UCC filings that may impact the accuracy or effectiveness of the initial filing. It is used to correct misspelled debtor names, inaccurate collateral descriptions, or incorrect filing references. In summary, the Salt Lake Utah UCC5 National Correction Statement is an essential legal document used in Utah to correct errors or mistakes made in previously filed UCC forms. It ensures the accuracy of UCC filings and provides a streamlined process for parties to rectify any inaccuracies. Different types of Salt Lake Utah UCC5 National Correction Statements exist, including amendment statements, termination statements, and error correction statements, depending on the specific correction needed.