Ucc 3 Addendum Form For Real Id
Description
How to fill out UCC3-AD Financing Statement Amendment Addendum?
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FAQ
To file a UCC-3 financing statement amendment, start by gathering all necessary information from the original UCC-1 filing. Next, complete the UCC-3 form accurately, ensuring that all amendments are clearly stated. Finally, submit the UCC-3 form to the appropriate state office, either electronically or by mail, depending on the state's regulations. Utilizing platforms like UsLegalForms can streamline this process and provide guidance.
Fill in the debtor's name and mailing address. It may be an individual, or it may be in the name of a business or organization. If the loan is in the name of the business, include the business mailing address. There is space for additional debtors. Include them exactly as they appeared on the loan agreement.
A UCC Cooperative Addendum is an additional document to a UCC-1 (Initial Financing Statement) which needs to be filled out when corrections have to be made to an UCC1 Cooperative.
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 records may be submitted directly to the Secretary of State's office using the UCC information management system which can be accessed through the Secretary of State's website.
Now, for example, let's say you want to take a second mortgage with Bank#2. Bank#2 will search the Secretary of State records and find that Bank#1 has already lent you money. Bank#2 will not get its money back until Bank#1 has been paid in full so its interest is referred to as "subordinated".