Ucc3 Form California

State:
Multi-State
Control #:
US-UCC3
Format:
Word; 
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

The UCC3 form in California, known as the UCC Financing Statement Amendment, is a legal document utilized to modify or terminate an existing financing statement. Key features include the ability to change the name or address of a Debtor or Secured Party, assign interests, or alter collateral descriptions. Users must carefully follow instructions to ensure accuracy, as errors can have significant legal implications. Filling out the form requires information such as the original financing statement's file number and specific details about any changes being made. This form is essential for maintaining accurate financial records and protecting security interests. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find it invaluable for managing UCC filings within their practices. The form helps ensure that security interests are accurately reflected in public records and that any changes in parties or collateral are formally documented, thereby safeguarding the interests of all involved parties.

How to fill out UCC3 Financing Statement Amendment?

The Ucc3 Form California displayed on this page is a reusable legal template crafted by professional attorneys in accordance with federal and local regulations.

For over 25 years, US Legal Forms has supplied individuals, organizations, and legal practitioners with more than 85,000 authenticated, state-specific documents for any business and personal circumstances. It’s the quickest, easiest, and most trustworthy method to acquire the paperwork you require, as the service ensures bank-level data protection and anti-malware safeguards.

Pick the format you desire for your Ucc3 Form California (PDF, DOCX, RTF) and save the sample on your device.

  1. Search for the document you require and verify it.
  2. Examine the file you searched and view it or review the form description to ensure it meets your needs. If it doesn’t, utilize the search bar to find the correct one. Click Buy Now once you have located the template you require.
  3. Choose and Log In.
  4. Select the pricing option that fits you and create an account. Use PayPal or a credit card for a swift payment. If you already have an account, Log In and review your subscription to continue.
  5. Acquire the editable template.

Form popularity

FAQ

1. Ask the lender to terminate the lien upon payoff. When you pay off a loan, a good rule of thumb is to immediately submit a request with the lender to file a UCC-3 form with your secretary of state. The UCC-3 will terminate the lien on your company's asset (or assets) and remove the UCC-1 filing.

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.

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.

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".

Typical collateral For example, if you take out a loan to buy new machinery, the lender might file a UCC-1 lien and claim that new machinery as collateral on the loan. You would, of course, work with your lender to designate what the collateral will be before you sign any documentation committing to the loan.

Trusted and secure by over 3 million people of the world’s leading companies

Ucc3 Form California