Financing Statement Amendment Additional Party form for adding additional Debtors or Secured Parties to Financing Statement Amendment (Form UCC3) filed with the Utah filing office.
West Jordan Utah UCC3 Financing Statement Amendment Additional Party is a legal document used in the state of Utah to modify or update the information provided in a UCC3 financing statement. UCC3 refers to the Uniform Commercial Code, which governs commercial transactions, including the creation and enforcement of security interests in personal property. In West Jordan, Utah, UCC3 Financing Statement Amendment Additional Party can be filed to include or remove an additional party to the original financing statement. This additional party, often referred to as a debtor or a secured party, has a vested interest in the property or collateral listed on the original financing statement. There are several types of West Jordan Utah UCC3 Financing Statement Amendment Additional Party that can be filed, depending on the specific situation: 1. Debtor Addition: This type of amendment is used when a new debtor needs to be added to the financing statement, typically because they have recently acquired an interest in the collateral. It is crucial to include the debtor's complete legal name, address, and other identifying information to ensure accuracy. 2. Debtor Removal: When a debtor is no longer associated with the collateral listed in the financing statement, a Debtor Removal amendment must be filed. This could be due to a full repayment of the loan, transfer of ownership, or any other circumstance that terminates the debtor's interest. 3. Secured Party Addition: An additional party may be added as a secured party to a financing statement through this type of amendment. It might occur when a new creditor takes an interest in the debtor's collateral, often because of refinancing, consolidation, or modification of the original loan agreement. The secured party's information and details should be provided accurately for proper recording. 4. Secured Party Removal: In situations where a secured party no longer has any interest in the collateral, a Secured Party Removal amendment must be filed. This can happen when the debt is paid off or transferred to a different creditor, thereby releasing the secured party's claim to the property. 5. Collateral Amendment: If there is a need to revise or alter the description of the collateral listed in the original UCC3 financing statement, a Collateral Amendment can be filed. This type of amendment ensures that the collateral description is adequately updated and reflects the current status of the property. It is important to note that filing a West Jordan Utah UCC3 Financing Statement Amendment Additional Party is a legal requirement and usually involves specific deadlines and fees. It is recommended to consult with a qualified attorney or legal professional to ensure compliance with the relevant regulations and to accurately complete the amendment filing process.West Jordan Utah UCC3 Financing Statement Amendment Additional Party is a legal document used in the state of Utah to modify or update the information provided in a UCC3 financing statement. UCC3 refers to the Uniform Commercial Code, which governs commercial transactions, including the creation and enforcement of security interests in personal property. In West Jordan, Utah, UCC3 Financing Statement Amendment Additional Party can be filed to include or remove an additional party to the original financing statement. This additional party, often referred to as a debtor or a secured party, has a vested interest in the property or collateral listed on the original financing statement. There are several types of West Jordan Utah UCC3 Financing Statement Amendment Additional Party that can be filed, depending on the specific situation: 1. Debtor Addition: This type of amendment is used when a new debtor needs to be added to the financing statement, typically because they have recently acquired an interest in the collateral. It is crucial to include the debtor's complete legal name, address, and other identifying information to ensure accuracy. 2. Debtor Removal: When a debtor is no longer associated with the collateral listed in the financing statement, a Debtor Removal amendment must be filed. This could be due to a full repayment of the loan, transfer of ownership, or any other circumstance that terminates the debtor's interest. 3. Secured Party Addition: An additional party may be added as a secured party to a financing statement through this type of amendment. It might occur when a new creditor takes an interest in the debtor's collateral, often because of refinancing, consolidation, or modification of the original loan agreement. The secured party's information and details should be provided accurately for proper recording. 4. Secured Party Removal: In situations where a secured party no longer has any interest in the collateral, a Secured Party Removal amendment must be filed. This can happen when the debt is paid off or transferred to a different creditor, thereby releasing the secured party's claim to the property. 5. Collateral Amendment: If there is a need to revise or alter the description of the collateral listed in the original UCC3 financing statement, a Collateral Amendment can be filed. This type of amendment ensures that the collateral description is adequately updated and reflects the current status of the property. It is important to note that filing a West Jordan Utah UCC3 Financing Statement Amendment Additional Party is a legal requirement and usually involves specific deadlines and fees. It is recommended to consult with a qualified attorney or legal professional to ensure compliance with the relevant regulations and to accurately complete the amendment filing process.
