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Completing a UCC-3 termination involves filling out the form to indicate the cancellation of a previously filed financing statement. It is important to provide accurate information to ensure the termination is legally recognized. Using a Ucc 3 addendum form for lease can help streamline this process, especially if you are modifying lease agreements that require termination.
A UCC3 addendum is an additional document that provides more information or modifies an existing UCC-1 financing statement. This addendum is particularly useful in lease scenarios, allowing for changes in the assets secured. When using a Ucc 3 addendum form for lease, you can ensure that your lease arrangements are clearly stated and legally sound.
FAQ Identify the parties involved. Make sure you have the full name and address of the debtor, the secured party, and any other parties involved. Fill out the UCC-1 form. This form includes information about the parties, the collateral involved, and other details. Sign and date the form. ... File the form.
Completed forms along with the applicable fees can be mailed to Secretary of State, UCC Section, P.O. Box 942835, Sacramento, CA 94235-0001 or delivered in person (drop off) to the Sacramento office, 1500 11th Street, Sacramento, CA 95814.
?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.
3 is used as a way to amend that original lien filing and do things like terminate the UCC, edit any of the details of the lien, or assign your interests to another secured party for the lien.
Through Ohio Business Central, you can file your UCC-1 and UCC-3 statements online, obtain and request publications and search existing filings. If you have further questions regarding corporate filings, please call 877.767. 3453 or email business@OhioSoS.gov.