Kansas Correction Statement and Agreement

State:
Kansas
Control #:
KS-CLOSE1
Format:
Word; 
Rich Text
Instant download

Description

This Correction Statement and Agreement form is for a buyer and seller to sign at the closing for a loan or purchase of real property agreeing to execute corrected documents in the event of certain errors. It also is used to provide replacement documents in the event any documents are lost or misplaced.
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FAQ

The initial effective term of a financing statement in Kansas is five years from the date of filing. After this term, you have the option to continue the effectiveness by filing a continuation statement. If you encounter issues with your filing, a Kansas Correction Statement and Agreement can help address them promptly. Staying proactive about your financing statements helps protect your business interests.

In Kansas, a properly filed UCC-1 financing statement is valid for five years. After this period, you will need to file a continuation statement if you wish to maintain your secured interest. A Kansas Correction Statement and Agreement can also assist in updating any information to ensure your filings remain effective. Keeping track of these timelines is crucial to avoid losing your security interests.

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Kansas Correction Statement and Agreement