The Wisconsin Financing Statement Amendment Addendum is a legal form used to amend a financing statement in the state of Wisconsin. It allows the secured party to make amendments to the financing statement that was previously filed with the Wisconsin Department of Financial Institutions, such as changing the debtor name, adding additional collateral, or changing the secured party name. This document must be signed by both the secured party and the debtor, and then filed with the Secretary of State. There are three types of Wisconsin Financing Statement Amendment Addendum: Addendum to Financing Statement (UCC1-A), Amendment to Financing Statement (UCC1-E), and Continuation Statement (UCC1-C). The Addendum to Financing Statement (UCC1-A) is used to add additional collateral to an existing financing statement; the Amendment to Financing Statement (UCC1-E) is used to change the information in an existing financing statement, such as the debtor name or the secured party name; and the Continuation Statement (UCC1-C) is used to continue the effectiveness of the existing financing statement beyond the initial five-year filing period.
Wisconsin Financing Statement Amendment Addendum
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How to fill out Wisconsin Financing Statement Amendment Addendum?
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FAQ
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.
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.
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.
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.
An assignment adds a secured party. An amendment to add a secured party adds a secured party.
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. Administrative rule 34.05.
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.
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.