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Public form
Description
This Uniform Commercial Code form, a UCC3-AD Financing Statement Amendment Addendum, is for use in the documentation of personal property as collateral for a loan, and related matters.
Processing times can vary, but it’s often fairly quick—like waiting for your coffee to brew, might take a few minutes but not forever.
Unfortunately, if the original statement has expired, it's like trying to use a bus ticket that’s already been used up—you'll need to start fresh with a new filing.
Once submitted, it gets processed, and the updates become part of the public records, much like getting your name printed in the local newsletter when something exciting happens.
You'd typically file it with the Secretary of State's office, thinking of it like dropping off important papers at a central mailbox that everyone trusts.
Filling out the form is like filling a recipe—you need to include specific information like the original statement number, changes needed, and details of the parties involved.
You might need to file one if there's a change in the details of the original financing statement, like a change in the debtor's name or the collateral, sort of like when you need to change the label on a jar when you switch what's inside.
It's a legal form used to update information in a UCC financing statement, kind of like giving your old car a fresh paint job to reflect its new status.