UCC3 - Financing Statement Amendment Addendum - Kentucky - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
Kentucky UCC3 Financing Statement Amendment Addendum
State:
Kentucky
Control #:
KY-UCC3-A
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FAQ
To file a UCC-3 financing statement amendment, begin by obtaining the correct form from the state repository. Fill in the necessary changes, including the original UCC statement information and the new details. Submit the completed UCC-3 form to the Secretary of State's office along with any required fees. By leveraging the Kentucky UCC3 Financing Statement Amendment Addendum, you can efficiently manage your amendments.
Filing a UCC financing statement amendment involves using a UCC-3 form. You must provide the original UCC statement details and the changes you wish to make. After completing the form, submit it to the appropriate state office, typically the Secretary of State. For Kentucky, utilizing the Kentucky UCC3 Financing Statement Amendment Addendum can streamline this filing process.
To find a UCC financing statement, you should start by visiting the official website of the Kentucky Secretary of State. Use their searchable online database to enter the necessary information, including the debtor's name or the secured party's details. This process allows you to access specific filings, including the Kentucky UCC3 Financing Statement Amendment Addendum. Additionally, if you prefer a more user-friendly approach, consider platforms like uslegalforms, which can guide you through the process effortlessly.
Rules vary by State around releasing a UCC lien after a borrower satisfied the debt. Primarily there are two main ways to remove them. One way is by having the lender file a UCC-3 Financing Statement Amendment. Another way to remove a UCC filing is by swearing an oath of full payment at the secretary of state office.
After receiving your request, the lender has 20 days to terminate the UCC filing.
A UCC1 financing statement is effective for a period of five years. A record that is not continued before its lapse date will cease to be effective, costing the secured party their perfected status and perhaps their priority position to collect. Once a financing statement has lapsed, it cannot be revived.
To assign (1) some or all of Assignor's right to amend the identified financing statement, or (2) the Assignor's right to amend the identified financing statement with respect to some (but not all) of the collateral covered by the identified financing statement: Check box in item 3 and enter name of Assignee in item 7a
When the debtor has satisfied all amounts owed to the lender, a UCC-3 termination statement (now called a UCC termination statement) is routinely filed to terminate the security interest perfected by the UCC-1 financing statement.
A UCC-3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC-1 filing. 1. A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State's office in the appropriate state.
Enter your information. The type of information you can use to search UCC filings varies among states. Retrieve your results. The website will return results based on the information you entered. Record financial statement numbers.