Ucc3 2025

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The document is a Financing Statement Amendment Form (Addendum) for the State of Florida, specifically the UCC-3 Addendum. It includes sections for entering details about the initial financing statement, the party authorizing the amendment, and additional information. The form is standardized and approved by the Secretary of State.

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Who files UCC-3 termination?

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.

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 a UCC for a title?

UCC means the Uniform Commercial Code as adopted in this state. UCC record means an initial financing statement, an amendment, an assignment, a continuation, a termination or a information statement and shall not be deemed to refer exclusively to paper or paperbased writings.

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-3 for?

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.

What is the purpose of the UCC?

So the answer to this question, yes, a house can be sold with a lien on it (1) if the buyer agrees to take it ing to the lien and would thus be responsible for the lien (2) the lien can be deducted from the proceeds at sale.

What does UCC on title mean?

UCC means the Uniform Commercial Code as adopted in this state.

Ucc3 2025

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