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What is UCC3 continuation?

Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC-1 beyond the date which is five years after the date of its filing.

How do I remove a UCC financing statement?

How do I get rid of a UCC filing? You can remove a UCC filing when you've repaid your business loan in full. Once you repay the debt, the lender should remove the lien from your business assets. If not, you may request that the lender files a UCC-3 to terminate the lien.

What is a UCC3 form used for?

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.)

How long is a UCC good for in Colorado?

UCC Financing Statements: Most filings are effective for five years. For example, if you file on May 1, 2020, then the filing will expire (lapse) on May 1, 2025.

How do I release a UCC file in Colorado?

To file a termination: Go to the UCC filing system. Click on "Amend an existing record" Enter the original document number of the record that will be terminated. Choose the filing office where the original document was filed in the drop-down menu. Click on "Search." Review the record information.

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