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How to use or fill out Arizona UCC3 Financing Statement Amendment - Arizona
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Click ‘Get Form’ to open it in the editor.
Begin by filling in the optional contact information in section A, which can help filing offices reach you if needed.
In section B, provide the name and address where you want the acknowledgment sent. This ensures you receive confirmation of your filing.
Enter the initial financing statement file number in item 1a. This is crucial for linking your amendment to the correct record.
Select the appropriate box in item 2, 3, 4, or 5 to indicate whether you are terminating, continuing, assigning, or amending party information.
Complete items 6 and 7 based on whether you're changing a debtor's or secured party's name or address. Ensure all names are entered correctly without abbreviations.
If applicable, describe any changes to collateral in item 8. Be clear about what is being added or deleted.
Finally, review all entries for accuracy before submitting your form to ensure compliance with legal requirements.
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The UCCs general rule is that a financing statement remains valid for a period of five years from the date of filing. Unless a continuation statement is properly filed before expiration of the five year period, the effectiveness of the financing statement will lapse.
What happens if a financing statement is seriously misleading?
Article 9-507(c), provides a 4-month window to amend the filing for a debtor name change that may be considered seriously misleading. If the debtors name changes and the change makes the filed Financing Statement seriously misleading, UCC Section 9-507(c) states the financing statement will only be effective for
What does UCC financing statement amendment mean?
UCC-3 party amendments: A UCC-3 amendment is a type of filing used to change or add critical information about the debtor or the secured party. For example, they can be used to change the name or the address.
How do I release a financing statement?
If I am the secured party, how do I release the security? entered your secured party login ID and password and this will take you through to the financing statement where you will only need to push the Discharge button and confirm you wish to discharge the financing statement.
Can you amend a financing statement?
A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment. (e) [Certain amendments ineffective.] (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
Although a statement of case can be amended with the agreement of the other parties at any time (CPR rule 17.1 (2)(a)) and before service without permission (CPR rule 17.1 (1)) the court remains in charge and can disallow any amendment made without a court order.
What is an UCC-3 financing statement?
The most basic and well known is the UCC-1. Essentially, a UCC-1 can be described as a financing statement. In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtors personal property.
Related links
GSE SYSTEMS INC
Apr 3, 2001 The SUBORDINATING CREDITOR agrees to execute and deliver UCC-3 statements, and such other filings as the LENDER may reasonably require to
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