The Utah UCC 3 Financing Statement Amendment Addendum is a legal document used to amend or supplement an existing financing statement for goods or services. It includes information about the parties involved in the financing agreement, the terms of the agreement, and any amendments that have been made. The addendum also serves as a notification to potential creditors that a financing statement exists. There are two types of Utah UCC 3 Financing Statement Amendment Addendum: the Short Form Amendment Addendum and the Long Form Amendment Addendum. The Short Form Amendment Addendum is used to register a change in debtor, secured party or collateral information, while the Long Form Amendment Addendum is used to register a change in the parties, terms, and collateral. Both forms contain a declaration signed by the debtor and secured party affirming that the amendments are accurate and true.
Utah UCC 3 Financing Statement Amendment Addendum
Description
How to fill out Utah UCC 3 Financing Statement Amendment Addendum?
If you’re searching for a way to properly complete the Utah UCC 3 Financing Statement Amendment Addendum without hiring a legal professional, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every personal and business scenario. Every piece of paperwork you find on our web service is drafted in accordance with nationwide and state regulations, so you can be certain that your documents are in order.
Adhere to these simple guidelines on how to acquire the ready-to-use Utah UCC 3 Financing Statement Amendment Addendum:
- Ensure the document you see on the page complies with your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Type in the form name in the Search tab on the top of the page and choose your state from the list to locate another template in case of any inconsistencies.
- Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
- ​Log in to your account and click Download. Sign up for the service and opt for the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The document will be available to download right after.
- Choose in what format you want to save your Utah UCC 3 Financing Statement Amendment Addendum and download it by clicking the appropriate button.
- Import your template to an online editor to fill out and sign it rapidly or print it out to prepare your hard copy manually.
Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can find any of your downloaded templates in the My Forms tab of your profile any time you need it.
Form popularity
FAQ
?UCC? stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.
A UCC filing won't impact your business credit scores directly because it doesn't indicate anything about your ability to repay your debts. However, it can affect your ability to get credit again in the future.
An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.
What is a UCC Cooperative Addendum/UCC Addendum form: A filed UCC Cooperative Addendum form contains the names of the debtor, the secured party or its representatives, and the cooperative. It also holds information such as the property's address and the file number of the Initial UCC-1.
In these situations, you can file a UCC-3 termination yourself with your secretary of state. You must swear under oath that you've satisfied the debt in full and complete the UCC termination form.
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.
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.
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.