Financing Statement Amendment Additional Party form for adding additional Debtors or Secured Parties to Financing Statement Amendment (Form UCC3) filed with the Oregon filing office.
Title: Understanding the Eugene, Oregon UCC3 Financing Statement Amendment Additional Party Introduction: In Eugene, Oregon, individuals and businesses may need to file a UCC3 Financing Statement Amendment Additional Party to modify or add information to an existing financing statement according to the Uniform Commercial Code (UCC). This comprehensive guide aims to provide detailed insights into this legal process, its significance, and the different types of modifications that can be made. Keywords: Eugene Oregon, UCC3 Financing Statement Amendment Additional Party, Uniform Commercial Code, legal process, modifications 1. What is a UCC3 Financing Statement Amendment Additional Party? A UCC3 Financing Statement Amendment Additional Party refers to the legal process of altering or expanding the information provided on a filed financing statement in Eugene, Oregon. This amendment allows individuals or businesses to add, update, or modify parties involved in a financial transaction. 2. Importance of UCC3 Financing Statement Amendment Additional Party: The amendment highlights the dynamic nature of financial transactions and ensures that relevant parties are aware of any modifications, thus protecting their rights and interests. It assists in maintaining the accuracy of the public record, avoiding potential discrepancies or misunderstandings. 3. Types of Eugene Oregon UCC3 Financing Statement Amendment Additional Party: a. Addition of a New Secured Party: This type of amendment is filed when a new secured party joins an existing financing statement. The new party's details, such as name, address, and contact information, must be included. b. Amendment of Debtor Information: This modification involves updating the debtor's information on the financing statement. Changes related to the debtor's name, address, or business entity may be considered. c. Amendment of Secured Party Information: When the details of a secured party change, such as name, address, or contact information, an amendment is needed to reflect the updated information accurately. 4. Filing Process for UCC3 Financing Statement Amendment Additional Party: a. Determine the Correct Form: Consult the Oregon Secretary of State's website or visit their office to obtain the UCC3 Financing Statement Amendment Additional Party form for Eugene, Oregon. b. Gather Relevant Information: Collect accurate information about the existing financing statement and the desired changes, including updated debtor or secured party details. c. Complete the Form: Fill out the UCC3 Financing Statement Amendment Additional Party form, ensuring all required fields are correctly recorded. d. Submission and Fees: Submit the completed form along with the appropriate filing fee as per the Oregon Secretary of State's guidelines. e. Notifications: Notify all relevant parties involved in the financing arrangement about the amendment, ensuring they are updated and acknowledge the amendment's impact. Conclusion: Filing a UCC3 Financing Statement Amendment Additional Party in Eugene, Oregon, is crucial to accurately reflect any changes, additions, or modifications made to the original financing statement. By following the outlined process and understanding the types of amendments, individuals and businesses can ensure compliance with the UCC while safeguarding the integrity of their financial transactions. Keywords: Eugene Oregon, UCC3 Financing Statement Amendment Additional Party, Uniform Commercial Code, legal process, modifications, importance.
