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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.
While there's no strict deadline, filing promptly is key to avoiding any mix-ups or complications in the future related to your financing statement.
You’ll need to provide details from the original financing statement along with the changes you want to make, like new names or asset descriptions.
Yes, generally, anyone that is involved or has an interest in the secured transaction can file the amendment, but it’s a good idea to make sure you have all the correct info first.
'AD' stands for 'Addendum,' indicating that it’s an additional document meant to clarify or modify conditions laid out in a previous filing.
If there are changes in the secured debt terms or if there’s a change in parties involved, it’s wise to file an amendment to ensure the records reflect the current situation.
You should file it when you need to amend information like the borrower's name, address, or the secured party's details to keep everything accurate and up-to-date.
It's a legal document used to make changes to an existing UCC financing statement, usually involving updates to the details concerning a secured transaction.