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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.
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Interesting Questions
In Plano, Texas, you would typically file the UCC3-AD with the Secretary of State’s office, or you can check with local county offices for specific filing requirements.
Once the UCC3-AD is filed, if you believe it’s incorrect or fraudulent, you might need to consult a lawyer to discuss your options for contesting it or making corrections.
While there isn’t a specific deadline for submitting the amendment, it’s wise to do it as soon as changes occur to keep your records up to date and prevent any misunderstandings later on.
Filling out the UCC3-AD form involves providing updated information, such as the new details of the debtor and any changes in the collateral—just make sure everything is accurate and complete.
Typically, a secured party or lender who has a stake in the collateral can file this amendment, but it's best to check with your legal advisor to be sure.
You would need to use a UCC3-AD when you want to change details like the debtor's name, address, or the collateral involved in the financing agreement.
A UCC3-AD Financing Statement Amendment Addendum is a legal document used to update or modify information in an existing UCC financing statement, which is a public record that allows creditors to assert their rights against a debtor.