Enhance Your UCC3 Financing Statements with North Dakota North Dakota UCC3 Financing Statement Amendment Addendum

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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.
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.
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.
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
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.
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People also ask

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.

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