New Hampshire UCC 3AP- National Financing Statement Amendment Additional Party and Instructions is a document used when adding additional parties to an existing UCC-1 Financing Statement. This document is used to update the filing information of the existing UCC-1 Financing Statement and add the new party to it. This document contains information about the original debtor and creditor, the additional party, the date of filing, and the filing office. There are two types of New Hampshire UCC 3AP- National Financing Statement Amendment Additional Party and Instructions documents—onaddingnpartyty to a UCC-1 Financing Statement, and one for deleting an additional party from a UCC-1 Financing Statement. Both types of documents should be completed and filed with the appropriate filing office in New Hampshire to update the UCC-1 Financing Statement.
New Hampshire UCC 3AP- National Financing Statement Amendment Additional Party and Instructions
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How to fill out New Hampshire UCC 3AP- National Financing Statement Amendment Additional Party And Instructions?
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FAQ
UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party. For example, they can be used to change the name or the address.
In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
By Mail: send the completed form with the processing fee of $40 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
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.
How do I get rid of a UCC filing? You can remove a UCC filing when you've repaid your business loan in full. Once you repay the debt, the lender should remove the lien from your business assets. If not, you may request that the lender files a UCC-3 to terminate the lien.
A UCC3 filed as a termination is strictly an amendment. It does not affect the status of the financing statement. A lien's status will only be affected by the lapse date. Upon lapse a lien will show as ?LAPSED-INACTIVE? for one (1) additional year.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
It provides a method of giving notice of a security interest in personal property to interested third parties.