This form is a UCC financing statement amendment for use in recording security interests in personal property. Use to amend an existing recorded lien.
Everett Washington UCC3 Financing Statement Amendment is a legal process that allows for changes or updates to be made to an existing UCC3 financing statement filed in the state of Washington. UCC3 stands for Uniform Commercial Code, Article 3, which deals with secured transactions, specifically the perfection and priority of security interests. A financing statement is a document filed with the Washington Secretary of State to provide public notice of a secured party's interest in the collateral pledged by a debtor. The Everett Washington UCC3 Financing Statement Amendment is used when there is a need to modify, correct, or add information to an existing UCC3 financing statement. This amendment ensures that the information provided in the original filing remains accurate and up-to-date. It is essential to file an amendment promptly to ensure that the public record regarding the security interest remains correct and to maintain the priority of the secured party's interest. There are several types of Everett Washington UCC3 Financing Statement Amendments that can be filed, depending on the specific changes required: 1. Termination Amendment: This amendment is filed when the security interest or loan has been fully paid off or when the collateral has been transferred or released. 2. Assignment Amendment: This type of amendment is filed to update the secured party's information due to the transfer or assignment of the security interest to another party. 3. Continuation Amendment: This amendment is filed to extend the effectiveness period of the original financing statement, which is typically valid for five years. Filing a continuation amendment ensures that the security interest remains enforceable beyond the initial expiration date. 4. Change Amendment: This type of amendment is filed to modify any other information on the original financing statement, such as debtor's name, address, or secondary party information. It is crucial to provide accurate information while filing an Everett Washington UCC3 Financing Statement Amendment to maintain the integrity of the public record and protect the rights of all parties involved. Failure to file an amendment or filing incorrect information may result in the loss of priority over other secured parties or may lead to complications during the enforcement or release of the security interest. Overall, the Everett Washington UCC3 Financing Statement Amendment is an essential legal process that facilitates changes to existing UCC3 financing statements, ensuring that accurate and up-to-date information is provided regarding secured transactions in the state of Washington.Everett Washington UCC3 Financing Statement Amendment is a legal process that allows for changes or updates to be made to an existing UCC3 financing statement filed in the state of Washington. UCC3 stands for Uniform Commercial Code, Article 3, which deals with secured transactions, specifically the perfection and priority of security interests. A financing statement is a document filed with the Washington Secretary of State to provide public notice of a secured party's interest in the collateral pledged by a debtor. The Everett Washington UCC3 Financing Statement Amendment is used when there is a need to modify, correct, or add information to an existing UCC3 financing statement. This amendment ensures that the information provided in the original filing remains accurate and up-to-date. It is essential to file an amendment promptly to ensure that the public record regarding the security interest remains correct and to maintain the priority of the secured party's interest. There are several types of Everett Washington UCC3 Financing Statement Amendments that can be filed, depending on the specific changes required: 1. Termination Amendment: This amendment is filed when the security interest or loan has been fully paid off or when the collateral has been transferred or released. 2. Assignment Amendment: This type of amendment is filed to update the secured party's information due to the transfer or assignment of the security interest to another party. 3. Continuation Amendment: This amendment is filed to extend the effectiveness period of the original financing statement, which is typically valid for five years. Filing a continuation amendment ensures that the security interest remains enforceable beyond the initial expiration date. 4. Change Amendment: This type of amendment is filed to modify any other information on the original financing statement, such as debtor's name, address, or secondary party information. It is crucial to provide accurate information while filing an Everett Washington UCC3 Financing Statement Amendment to maintain the integrity of the public record and protect the rights of all parties involved. Failure to file an amendment or filing incorrect information may result in the loss of priority over other secured parties or may lead to complications during the enforcement or release of the security interest. Overall, the Everett Washington UCC3 Financing Statement Amendment is an essential legal process that facilitates changes to existing UCC3 financing statements, ensuring that accurate and up-to-date information is provided regarding secured transactions in the state of Washington.
