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Colorado UCC3 Financing Statement Amendment - Colorado

Colorado UCC3 Financing Statement Amendment - Colorado 2025

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The document is a UCC Financing Statement Amendment form, which allows for the modification of an existing financing statement. It includes options for termination, continuation, assignment, and amendment of party information or collateral details. The form must be filled out carefully to ensure legal accuracy and is intended for filing in real estate records or with a filing office.

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What is the UCC-3 amendment in Colorado?

The Colorado UCC3 form is used to amend or terminate a security interest in collateral created by a UCC-1 financing statement. This form is used to record any changes to the security interest in the collateral and must be filed with the Colorado Secretary of States office.

What is the UCC-3 amendment?

Form UCC3 is used to amend (make changes to) a UCC1 filing. The required information is: An acknowledgement name and address. (Recommended for return copy of the filing.) The file number of the original financing statement.

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.

What is the purpose of the UCC-3?

A UCC-3 is used as a way to amend that original lien filing and do things like terminate the UCC, edit any of the details of the lien, or assign your interests to another secured party for the lien.

Is a UCC filing good or bad?

UCC filings are common among lenders, especially when providing small business loans. The good news is that having a UCC lien is unlikely to affect your business unless you cant make your payments or try to get additional financing using the same assets as collateral or if you default on the loan.

What is UCC in Colorado?

UCC - Uniform Commercial Code / Financing State. The term UCC includes financing statements, assignments, continuations, amendments, and terminations.

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.

Colorado UCC3 Financing Statement Amendment - Colorado 2025

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