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Ucc Financing Statement Amendment Additional Party (form Ucc3ap)

Ucc Financing Statement Amendment Additional Party (form Ucc3ap) 2025

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The document provides instructions for completing the UCC Financing Statement Amendment Additional Party form (UCC3AP). It emphasizes the importance of legibility and accuracy in filling out the form, particularly regarding the names of Debtors and Secured Parties. The document outlines specific items to be completed, including file numbers, authorizing party information, and additional Debtor or Secured Party names. It also notes that additional information may be required based on state-specific requirements.

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What is the purpose of 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.

What does the UCC financing statement amendment mean?

Amendment means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations. Assignment is an amendment that assigns all or part of a secured partys power to authorize an amendment to a financing statement.

What is the purpose of filing an UCC financing statement?

The debtor must contact the secured party to request that a UCC-3 amendment be filed to terminate the original financing statement.

How to file a UCC-3 financing statement amendment with your Secretary of State office to terminate the SBA lien?

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.

Why did I receive an UCC financing statement?

In fact, it is sometimes called a UCC financing statement. A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtors personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.

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