South Dakota UCC3 Financing Statement Amendment Addendum - South Dakota 2025

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  1. Click ‘Get Form’ to open the South Dakota UCC3 Financing Statement Amendment Addendum in the editor.
  2. In field 11, enter the INITIAL FINANCING STATEMENT FILE # exactly as it appears in item 1a on the Amendment form.
  3. Proceed to field 12 and input the NAME OF PARTY AUTHORIZING THIS AMENDMENT, ensuring it matches item 9 on the Amendment form.
  4. For field 12a, provide the ORGANIZATION’S NAME if applicable. If not, fill out fields 12b with the INDIVIDUAL’S LAST NAME, FIRST NAME, MIDDLE NAME, and SUFFIX.
  5. If you need to add more information that doesn't fit on the Amendment form, utilize field 13 for any additional details.

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A UCC-1 financing statement is a public notice filed to secure a creditors interest in collateral. Receiving a request to file or pay a fee often relates to maintaining or amending this filing, not a court summons. The secured party listed is typically the creditor or their agent.
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.
UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtors personal property.
First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. 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.
A UCC filing is not necessarily a bad thing. Its simply a public record stating that a lender has the rights to certain assets until that loan is repaid. The record will also show if the loan has been repaid or not.

People also ask

A UCC-3 (Uniform Commercial Code-3 statement) is a legal filing used to make any changes to a current UCC-1 filing. In short, a UCC-3 is considered an amendment filing. With Fast Track Filing, you can amend a UCC-1 filing in a few ways: 1.
Also known as a UCC-3, and, depending on the context, a UCC-3 financing statement amendment, a UCC-3 termination statement, and a UCC-3 continuation statement. Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1).

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