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"Amendment" means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations.
However, you may extend a UCC-1 filing before the end of the five-year period. You have the opportunity to file a continuation statement. You must file this continuation statement within six months before the initial filing's lapse date or expiration.
For example, they can be used to change the name or the address. UCC-3 collateral amendments: This type of filing is used to add collateral, remove collateral, or restate the entire collateral description.
Pennsylvania became the first state to adopt the UCC in 1953, and every other state followed suit over the next twenty years.
?UCC? stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.
The filing fees are $84.00 per form for the Financing Statement, the Financing Statement Amendment and the Statement of Claim. Checks must contain a commercially pre-printed name and address. There is no additional fee for attachments or additional debtors.