Bexar Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 is a legal document used to modify or update the information contained in a previously filed UCC-3 Financing Statement. This amendment addendum is specific to Bexar County, Texas, and follows the guidelines set forth in the Revised 7-29-98 version of this document. The purpose of this addendum is to reflect any changes or additions to the financing statement that may have occurred since its initial filing. These amendments can include adding or removing collateral, updating debtor information, or changing the secured party's name or address. By filing this Bexar Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98, it ensures that the public record accurately reflects the current status of the original financing statement. This is crucial to maintain the validity and enforceability of any security interests created by the original filing. It is important to note that there may be different types of Bexar Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 for specific purposes. These can include: 1. Collateral Amendment: This addendum is used when there is a need to add or remove collateral from the original financing statement. It is crucial in accurately documenting any changes in assets that are covered by the security interest. 2. Debtor Information Update: If there are changes in debtor information such as name, address, or other identifying details, this type of amendment addendum is used to ensure the accurate representation of the debtor's information on the public record. 3. Secured Party Information Update: When there are changes in the secured party's name or address, this addendum is filed to reflect the updated information accurately. It is essential to consult with legal professionals or expert advisors to determine the specific type of Bexar Texas UCC3-AD Financing Statement Amendment Addendum — Revised 7-29-98 required based on the specific circumstances. Compliance with the correct form is crucial to ensure the accuracy and effectiveness of the amendment process.
Bexar Texas UCC3-AD Financing Statement Amendment Addendum
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How to fill out Bexar Texas UCC3-AD Financing Statement Amendment Addendum?
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3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
The continuation statement must be filed within six months before the expiration of the UCC-1 (UCC §9-515(d)). When it is filed, it extends the effectiveness of the original UCC-1 for an additional five years from the date that the UCC-1 would have expired (UCC §9-515(e)).
To amend your collateral description, click the button labeled View/Amend Collateral. After clicking this button, a pop-up will appear and will display the current collateral description and provide options to Add Collateral, Delete Collateral or Change Collateral.
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.
If the debtor (or another creditor) filed the Termination without proper authority and then the secured party of record filed a Continuation, the Continuation would extend the term of effectiveness for the Financing Statement since the Termination was not valid.
You should also include a copy of the original UCC. Filing. So the lender can reference it quickly IMoreYou should also include a copy of the original UCC. Filing. So the lender can reference it quickly I like to do steps number one and two simultaneously.
3 termination statement (a Termination) is a required filing that terminates a security interest that has been perfected by a UCC1 filing. A Termination for personal property is accomplished by completing and filing form UCC3 with the Secretary of State's office in the appropriate state.
Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC-1 beyond the date which is five years after the date of its filing.
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.