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Click ‘Get Form’ to open the UCC3 Amendment in the editor.
In section 11, enter the INITIAL FINANCING STATEMENT FILE # exactly as it appears in item 1a on the Amendment form.
Proceed to section 12. Here, input the NAME OF PARTY AUTHORIZING THIS AMENDMENT as specified in item 9 on the Amendment form. You can choose to fill out either the ORGANIZATION’S NAME or the INDIVIDUAL’S LAST NAME, FIRST NAME, and MIDDLE NAME, SUFFIX.
If you need to provide additional information that does not fit on the Amendment form, utilize section 13 for this purpose. Ensure all details are clear and concise.
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Authorizing and Filing UCC Terminations Prepare and complete a UCC-3 amendment form to include: The filing number of the initial financing statement to which amendment relates. Review and review again for any mistakes or incorrect information. Submit the filing to Secretary of States office in the appropriate state.
Whats the difference between a UCC-1 and UCC3?
There are two main forms: UCC-1 is completed upon the purchase or refinance of a property at closing and remains valid for 5 years from the date of filing. UCC-3 is an amendment or continuation statement that the owner files to renew the UCC-1 for another 5-year period.
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 is the purpose of a 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.
Why would someone file an UCC?
The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file. If this does not happen within the 20-day time frame, the debtor may file a UCC-3 termination statement.
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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.
AMENDMENT (PARTY INFORMATION): This Amendment affects Debtor or Secured Party of record. Check only one of these two boxes. ASSIGNMENT (full or partial): Give
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