The Pennsylvania UCC3 Financing Statement Amendment (National) is a form used to amend an existing Uniform Commercial Code (UCC) Financing Statement filed in the Pennsylvania Secretary of State's office. It is used to update the information on an existing UCC Financing Statement and add additional information. The form should be completed and signed by the secured party and the debtor. It must be filed with the Pennsylvania Secretary of State along with a filing fee and a copy of the original UCC Financing Statement. There are two types of Pennsylvania UCC3 Financing Statement Amendment (National): the UCC3-A (amendment) and the UCC3-R (release). The UCC3-A (amendment) is used to add, delete, or modify the information in the original UCC Financing Statement. The UCC3-R (release) is used to release a debtor or a collateral from the UCC Financing Statement.
Pennsylvania UCC3 Financing Statement Amendment (National)
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FAQ
A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.
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.
New York State's Uniform Commercial Code (?UCC?) guides the sale of commercial business transactions, including the sale of goods between parties. Article 9 of the UCC governs transactions that combine a debt with a creditor's interest in a debtor's personal property.
The Pennsylvania Uniform Construction Code (UCC) regulates the codes and standards of building projects in the Commonwealth. The UCC has been enforced since April 2004 across Pennsylvania.
In addition to filing with the state, the UCC is filed with the County office that holds the county real estate records for the property. Filings for ownership entities are made in the state where the entity is registered. Filings for individuals are made in the state in which the individual resides.
Pennsylvania became the first state to adopt the UCC in 1953, and every other state followed suit over the next twenty years.
The Commonwealth of Pennsylvania has adopted the National UCC Financing Statement (PDF), the National UCC Financing Statement Amendment (PDF), the Information Request (PDF) and the Information Statement (PDF) as approved by the International Association of Commercial Administrators (IACA).