This form is a UCC financing statement amendment for use in recording security interests in personal property. Use to amend an existing recorded lien.
Keywords: King Washington UCC3 Financing Statement Amendment, types, detailed description: The King Washington UCC3 Financing Statement Amendment refers to a legal process that enables individuals or organizations to modify and update previously filed UCC3 Financing Statements in the state of Washington, United States. UCC3 Financing Statements are essential documents used to provide public notice of a security interest in specific collateral. The amendment process is necessary when changes need to be made to the existing statements, such as updates to debtor information, collateral description, or the addition/removal of secured parties. There are a few different types of King Washington UCC3 Financing Statement Amendments that can be filed, depending on the specific circumstances and the nature of the changes required. These include: 1. Debtor Information Amendment: This type of amendment is filed when there is a need to update or correct debtor-related information provided in the original UCC3 Financing Statement. Changes may include the debtor's legal name, individual or business address, or any relevant changes in the debtor's entity status, mergers, or acquisitions. 2. Collateral Description Amendment: When alterations are required in the description of the collateral covered by the UCC3 Financing Statement, a collateral description amendment is filed. This amendment ensures that the security interest is accurately reflected against the correct collateral, avoiding any confusion or potential disputes. 3. Secured Party Amendment: A secured party amendment is filed to add or remove secured parties associated with the original UCC3 Financing Statement. It allows for changes in the parties with a recognized security interest in the collateral. This may occur due to assignment of rights, changes in legal representation, or other circumstances that affect the secured parties. It is crucial to file the appropriate type of King Washington UCC3 Financing Statement Amendment to ensure accuracy and compliance with legal requirements. Failure to file the amendment correctly and promptly may result in complications for creditors, lenders, and other parties involved in the transaction. Therefore, it is advisable to consult with legal professionals or seek guidance from the Washington State Department of Financial Institutions to ensure the proper completion and submission of the amendment forms.Keywords: King Washington UCC3 Financing Statement Amendment, types, detailed description: The King Washington UCC3 Financing Statement Amendment refers to a legal process that enables individuals or organizations to modify and update previously filed UCC3 Financing Statements in the state of Washington, United States. UCC3 Financing Statements are essential documents used to provide public notice of a security interest in specific collateral. The amendment process is necessary when changes need to be made to the existing statements, such as updates to debtor information, collateral description, or the addition/removal of secured parties. There are a few different types of King Washington UCC3 Financing Statement Amendments that can be filed, depending on the specific circumstances and the nature of the changes required. These include: 1. Debtor Information Amendment: This type of amendment is filed when there is a need to update or correct debtor-related information provided in the original UCC3 Financing Statement. Changes may include the debtor's legal name, individual or business address, or any relevant changes in the debtor's entity status, mergers, or acquisitions. 2. Collateral Description Amendment: When alterations are required in the description of the collateral covered by the UCC3 Financing Statement, a collateral description amendment is filed. This amendment ensures that the security interest is accurately reflected against the correct collateral, avoiding any confusion or potential disputes. 3. Secured Party Amendment: A secured party amendment is filed to add or remove secured parties associated with the original UCC3 Financing Statement. It allows for changes in the parties with a recognized security interest in the collateral. This may occur due to assignment of rights, changes in legal representation, or other circumstances that affect the secured parties. It is crucial to file the appropriate type of King Washington UCC3 Financing Statement Amendment to ensure accuracy and compliance with legal requirements. Failure to file the amendment correctly and promptly may result in complications for creditors, lenders, and other parties involved in the transaction. Therefore, it is advisable to consult with legal professionals or seek guidance from the Washington State Department of Financial Institutions to ensure the proper completion and submission of the amendment forms.