UCC3 - Financing Statement Amendment Addendum - Utah - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
The West Jordan Utah UCC3 Financing Statement Amendment Addendum is a legal document that is used to make amendments or modifications to an existing UCC3 financing statement in West Jordan, Utah. This addendum is crucial to ensure accuracy and completeness of financial records and to protect the rights of parties involved in financial transactions. When a UCC3 financing statement is initially filed, it establishes a creditor's security interest in collateral owned by a debtor. However, if there are any changes or corrections to be made to the original filing, the UCC3 Financing Statement Amendment Addendum is required. This addendum serves as an official record of any modifications or extensions to the existing financing statement. There are several types of West Jordan Utah UCC3 Financing Statement Amendment Addendums that can be filed depending on the nature of the modification. Some common types include: 1. Name Change Addendum: This addendum is used when there is a change in the debtor's legal name due to marriage, divorce, or any other reason. It ensures that the correct debtor's name is reflected on the financing statement. 2. Collateral Change Addendum: If there are changes in the description or details of the collateral covered by the financing statement, this addendum is filed. It may include adding or removing specific assets from the original filing. 3. Extension Addendum: When the original financing statement is nearing its expiration date and the parties wish to extend the duration, an extension addendum is filed. This document extends the validity of the financing statement, ensuring the creditor's security interest remains intact. 4. Amendment Addendum: This addendum is used for any other modifications or changes that do not fall under the above categories. It can include corrections to errors made in the original filing or updates to the debtor's address or other contact information. It is important to note that each specific type of addendum serves a unique purpose and requires accurate information to be provided. Filing the correct addendum ensures that the financing statement remains accurate, up-to-date, and legally binding. In summary, the West Jordan Utah UCC3 Financing Statement Amendment Addendum is a legal document used to modify or update an existing UCC3 financing statement. It ensures accuracy and completeness of financial records, protects the rights of parties involved, and provides a clear and transparent record of any changes made.The West Jordan Utah UCC3 Financing Statement Amendment Addendum is a legal document that is used to make amendments or modifications to an existing UCC3 financing statement in West Jordan, Utah. This addendum is crucial to ensure accuracy and completeness of financial records and to protect the rights of parties involved in financial transactions. When a UCC3 financing statement is initially filed, it establishes a creditor's security interest in collateral owned by a debtor. However, if there are any changes or corrections to be made to the original filing, the UCC3 Financing Statement Amendment Addendum is required. This addendum serves as an official record of any modifications or extensions to the existing financing statement. There are several types of West Jordan Utah UCC3 Financing Statement Amendment Addendums that can be filed depending on the nature of the modification. Some common types include: 1. Name Change Addendum: This addendum is used when there is a change in the debtor's legal name due to marriage, divorce, or any other reason. It ensures that the correct debtor's name is reflected on the financing statement. 2. Collateral Change Addendum: If there are changes in the description or details of the collateral covered by the financing statement, this addendum is filed. It may include adding or removing specific assets from the original filing. 3. Extension Addendum: When the original financing statement is nearing its expiration date and the parties wish to extend the duration, an extension addendum is filed. This document extends the validity of the financing statement, ensuring the creditor's security interest remains intact. 4. Amendment Addendum: This addendum is used for any other modifications or changes that do not fall under the above categories. It can include corrections to errors made in the original filing or updates to the debtor's address or other contact information. It is important to note that each specific type of addendum serves a unique purpose and requires accurate information to be provided. Filing the correct addendum ensures that the financing statement remains accurate, up-to-date, and legally binding. In summary, the West Jordan Utah UCC3 Financing Statement Amendment Addendum is a legal document used to modify or update an existing UCC3 financing statement. It ensures accuracy and completeness of financial records, protects the rights of parties involved, and provides a clear and transparent record of any changes made.
