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The UCC3 form stands as a crucial document in the realm of commercial finance and legal operations, facilitating amendments to a previously filed UCC1 financing statement, which itself is a declaration of a secured interest in a debtor's personal property to ensure debt security. This amendment form accommodates a variety of changes, including terminations, continuations, assignments (either full or partial), party information changes (like name and/or address adjustments), and collateral alterations. These modifications are essential for maintaining the accuracy and relevance of the secured party's interest in the collateral envisaged. It specifically requests detailed information about the initial financing statement it seeks to amend, including its file number, thereby ensuring continuity and linkages between related filings. The form also caters to the nuanced needs of all involved parties by allowing for the identification of the assignee and assignor in case of assignments, detailing the type and jurisdiction of the organization if the debtor or secured party is not an individual, and accommodating changes to the debtor’s or secured party’s name or address. The precision with which changes must be entered underscores the legal significance and potential consequences of inaccuracies, highlighting the form's emphasis on meticulous attention to detail. Consequently, the UCC3 form embodies an essential tool for parties wishing to update, continue, or terminate their interests in a way that reflects their current standing in a legally binding manner.

Preview - Ucc3 Form

UCCFINANCINGSTATEMENTAMENDMENT

FOLLOW INSTRUCTIONS (front and back) CAREFULLY

A.NAME&PHONEOFCONTACTATFILER[optional]

B. SEND ACKNOWLEDGMENT TO: (Name and Address)

THEABOVESPACEISFORFILINGOFFICEUSEONLY

1a. INITIAL FINANCING STATEMENT FILE #

1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the

REAL ESTATE RECORDS.

2.

 

TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement.

 

 

 

 

 

 

 

 

 

 

 

3.

 

CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is

 

 

continued for the additional period provided by applicable law.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9.

 

 

 

 

 

 

 

 

 

 

 

5. AMENDMENT (PARTY INFORMATION): This Amendment affects

 

Debtor or

 

Secured Party of record. Check only one of these two boxes.

 

 

 

 

 

 

 

 

 

 

 

Also check one of the following three boxes and provide appropriate information in items 6 and/or 7.

 

 

 

 

CHANGE name and/or address: Give current record name in item 6a or 6b; also give new

 

 

DELETE name: Give record name

 

ADD name: Complete item 7a or 7b, and also

 

 

 

 

 

 

 

name (if name change) in item 7a or 7b and/or new address (if address change) in item 7c.

 

 

to be deleted in item 6a or 6b.

 

item 7c; also complete items 7d-7g (if applicable).

6.CURRENT RECORD INFORMATION: 6a. ORGANIZATION'S NAME

OR

 

 

 

 

6b. INDIVIDUAL'S LAST NAME

FIRSTNAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

7.CHANGED (NEW) OR ADDED INFORMATION: 7a. ORGANIZATION'S NAME

OR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7b. INDIVIDUAL'S LAST NAME

 

 

 

 

FIRST NAME

 

 

MIDDLE NAME

SUFFIX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7c. MAILING ADDRESS

 

 

 

 

 

 

 

 

CITY

 

 

STATE

POSTAL CODE

COUNTRY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7d. TAX ID #: SSN OR EIN

 

ADD'L INFO RE

7e.TYPEOFORGANIZATION

7f.JURISDICTIONOFORGANIZATION

7g. ORGANIZATIONAL ID #, if any

 

 

 

 

 

 

 

 

 

ORGANIZATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEBTOR

 

 

 

 

 

 

 

 

 

 

 

NONE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. AMENDMENT (COLLATERAL CHANGE): check only one box.

 

 

 

 

 

 

 

 

 

Describe collateral

 

deleted or

 

added,

or give entire

 

restated collateral description, or describe collateral

 

assigned.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.NAMEOF SECURED PARTYOF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment.

9a. ORGANIZATION'S NAME

OR

 

 

 

 

9b. INDIVIDUAL'S LAST NAME

FIRST NAME

MIDDLE NAME

SUFFIX

 

 

 

 

10.OPTIONALFILERREFERENCEDATA

 

 

 

FILINGOFFICECOPY—NATIONALUCCFINANCINGSTATEMENTAMENDMENT(FORMUCC3)(REV.07/29/98)

UCCFINANCINGSTATEMENTAMENDMENT

FOLLOW INSTRUCTIONS (front and back) CAREFULLY

A.NAME&PHONEOFCONTACTATFILER[optional]

B. SEND ACKNOWLEDGMENT TO: (Name and Address)

THEABOVESPACEISFORFILINGOFFICEUSEONLY

1a. INITIAL FINANCING STATEMENT FILE #

1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the

REAL ESTATE RECORDS.

2.

 

TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement.

 

 

 

 

 

 

 

 

 

 

 

3.

 

CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is

 

 

continued for the additional period provided by applicable law.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9.

 

 

 

 

 

 

 

 

 

 

 

5. AMENDMENT (PARTY INFORMATION): This Amendment affects

 

Debtor or

 

Secured Party of record. Check only one of these two boxes.

 

 

 

 

 

 

 

 

 

 

 

Also check one of the following three boxes and provide appropriate information in items 6 and/or 7.

 

 

 

 

CHANGE name and/or address: Give current record name in item 6a or 6b; also give new

 

 

DELETE name: Give record name

 

ADD name: Complete item 7a or 7b, and also

 

 

 

 

 

 

 

name (if name change) in item 7a or 7b and/or new address (if address change) in item 7c.

 

 

to be deleted in item 6a or 6b.

 

item 7c; also complete items 7d-7g (if applicable).

6.CURRENT RECORD INFORMATION: 6a. ORGANIZATION'S NAME

OR

 

 

 

 

6b. INDIVIDUAL'S LAST NAME

FIRSTNAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

7.CHANGED (NEW) OR ADDED INFORMATION: 7a. ORGANIZATION'S NAME

OR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7b. INDIVIDUAL'S LAST NAME

 

 

 

 

FIRST NAME

 

 

MIDDLE NAME

SUFFIX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7c. MAILING ADDRESS

 

 

 

 

 

 

 

 

CITY

 

 

STATE

POSTAL CODE

COUNTRY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7d. TAX ID #: SSN OR EIN

 

ADD'L INFO RE

7e.TYPEOFORGANIZATION

7f.JURISDICTIONOFORGANIZATION

7g. ORGANIZATIONAL ID #, if any

 

 

 

 

 

 

 

 

ORGANIZATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEBTOR

 

 

 

 

 

 

 

 

 

 

 

NONE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. AMENDMENT (COLLATERAL CHANGE): check only one box.

 

 

 

 

 

 

 

 

Describe collateral

 

deleted or

 

added,

or give entire

 

restated collateral description, or describe collateral

 

assigned.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.NAMEOF SECURED PARTYOF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment.

9a. ORGANIZATION'S NAME

OR

 

 

 

 

9b. INDIVIDUAL'S LAST NAME

FIRST NAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

10.OPTIONALFILERREFERENCEDATA

ACKNOWLEDGMENTCOPY—NATIONALUCCFINANCINGSTATEMENTAMENDMENT(FORMUCC3)(REV.07/29/98)

UCCFINANCINGSTATEMENTAMENDMENT

FOLLOW INSTRUCTIONS (front and back) CAREFULLY

A.NAME&PHONEOFCONTACTATFILER[optional]

B. SEND ACKNOWLEDGMENT TO: (Name and Address)

THEABOVESPACEISFORFILINGOFFICEUSEONLY

1a. INITIAL FINANCING STATEMENT FILE #

1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the

REAL ESTATE RECORDS.

2.

 

TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement.

 

 

 

 

 

 

 

 

 

 

 

3.

 

CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is

 

 

continued for the additional period provided by applicable law.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9.

 

 

 

 

 

 

 

 

 

 

 

5. AMENDMENT (PARTY INFORMATION): This Amendment affects

 

Debtor or

 

Secured Party of record. Check only one of these two boxes.

 

 

 

 

 

 

 

 

 

 

 

Also check one of the following three boxes and provide appropriate information in items 6 and/or 7.

 

 

 

 

CHANGE name and/or address: Give current record name in item 6a or 6b; also give new

 

 

DELETE name: Give record name

 

ADD name: Complete item 7a or 7b, and also

 

 

 

 

 

 

 

name (if name change) in item 7a or 7b and/or new address (if address change) in item 7c.

 

 

to be deleted in item 6a or 6b.

 

item 7c; also complete items 7d-7g (if applicable).

6.CURRENT RECORD INFORMATION: 6a. ORGANIZATION'S NAME

OR

 

 

 

 

6b. INDIVIDUAL'S LAST NAME

FIRSTNAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

7.CHANGED (NEW) OR ADDED INFORMATION: 7a. ORGANIZATION'S NAME

 

OR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7b. INDIVIDUAL'S LAST NAME

 

 

 

 

FIRST NAME

 

 

MIDDLE NAME

SUFFIX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7c. MAILING ADDRESS

 

 

 

 

 

 

 

 

CITY

 

 

STATE

POSTAL CODE

COUNTRY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7d. TAX ID #: SSN OR EIN

 

ADD'L INFO RE

7e.TYPEOFORGANIZATION

7f.JURISDICTIONOFORGANIZATION

7g. ORGANIZATIONAL ID #, if any

 

 

 

 

 

 

 

 

 

ORGANIZATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEBTOR

 

 

 

 

 

 

 

 

 

 

 

NONE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. AMENDMENT (COLLATERAL CHANGE): check only one box.

 

 

 

 

 

 

 

 

 

Describe collateral

 

deleted or

 

added,

or give entire

 

restated collateral description, or describe collateral

 

assigned.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.NAMEOF SECURED PARTYOF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment.

9a. ORGANIZATION'S NAME

OR

 

 

 

 

9b. INDIVIDUAL'S LAST NAME

FIRST NAME

MIDDLE NAME

SUFFIX

 

 

 

 

10.OPTIONALFILERREFERENCEDATA

 

 

 

DEBTORCOPY—NATIONALUCCFINANCINGSTATEMENTAMENDMENT(FORMUCC3)(REV.07/29/98)

UCCFINANCINGSTATEMENTAMENDMENT

FOLLOW INSTRUCTIONS (front and back) CAREFULLY

A.NAME&PHONEOFCONTACTATFILER[optional]

B. SEND ACKNOWLEDGMENT TO: (Name and Address)

THEABOVESPACEISFORFILINGOFFICEUSEONLY

1a. INITIAL FINANCING STATEMENT FILE #

1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the

REAL ESTATE RECORDS.

2.

 

TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement.

 

 

 

 

 

 

 

 

 

 

 

3.

 

CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is

 

 

continued for the additional period provided by applicable law.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9.

5. AMENDMENT (PARTY INFORMATION): This Amendment affects

 

Debtor or

 

Secured Party of record. Check only one of these two boxes.

 

 

 

 

 

 

 

 

 

 

 

Also check one of the following three boxes and provide appropriate information in items 6 and/or 7.

 

 

 

 

CHANGE name and/or address: Give current record name in item 6a or 6b; also give new

 

 

DELETE name: Give record name

 

ADD name: Complete item 7a or 7b, and also

 

 

 

 

 

 

 

name (if name change) in item 7a or 7b and/or new address (if address change) in item 7c.

 

 

to be deleted in item 6a or 6b.

 

item 7c; also complete items 7d-7g (if applicable).

6.CURRENT RECORD INFORMATION: 6a. ORGANIZATION'S NAME

OR

 

 

 

 

6b. INDIVIDUAL'S LAST NAME

FIRSTNAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

7.CHANGED (NEW) OR ADDED INFORMATION: 7a. ORGANIZATION'S NAME

OR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7b. INDIVIDUAL'S LAST NAME

 

 

 

 

FIRST NAME

 

 

MIDDLE NAME

SUFFIX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7c. MAILING ADDRESS

 

 

 

 

 

 

 

 

CITY

 

 

STATE

POSTAL CODE

COUNTRY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7d. TAX ID #: SSN OR EIN

 

ADD'L INFO RE

7e.TYPEOFORGANIZATION

7f.JURISDICTIONOFORGANIZATION

7g. ORGANIZATIONAL ID #, if any

 

 

 

 

 

 

 

 

 

ORGANIZATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEBTOR

 

 

 

 

 

 

 

 

 

 

 

NONE

 

8. AMENDMENT (COLLATERAL CHANGE): check only one box.

 

 

 

 

 

 

 

 

 

Describe collateral

 

deleted or

 

added,

or give entire

 

restated collateral description, or describe collateral

 

assigned.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.NAMEOF SECURED PARTYOF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment.

9a. ORGANIZATION'S NAME

OR

 

 

 

 

9b. INDIVIDUAL'S LAST NAME

FIRST NAME

MIDDLE NAME

SUFFIX

 

 

 

 

 

10.OPTIONALFILERREFERENCEDATA

SECUREDPARTYCOPY—NATIONALUCCFINANCINGSTATEMENTAMENDMENT(FORMUCC3)(REV.07/29/98)

Instructions for National UCC Financing Statement AMENDMENT (Form UCC3)

Please type or laser-print this form. Be sure it is completely legible. Read all Instructions, especially Instruction 1a; correct file number of initial financing

statementiscrucial. FollowInstructionscompletely.

Fillinformverycarefully;mistakesmayhaveimportantlegalconsequences. Ifyouhavequestions,consultyourattorney. Filingofficecannotgivelegaladvice.

Donotinsertanythingintheopenspaceintheupperportionofthisform;itisreservedforfilingofficeuse.

AnAmendmentmayrelatetoonlyonefinancingstatement. Donotentermorethanonefilenumberinitem1a.

Whenproperlycompleted,sendFilingOfficeCopy,withrequiredfee,tofilingoffice. Ifyouwantanacknowledgment,completeitemBand,iffilinginafiling

officethatreturnsanacknowledgmentcopyfurnishedbyfiler,youmayalsosendAcknowledgmentCopy,otherwisedetach. AlwaysdetachDebtorand

SecuredPartyCopies.

Ifyouneedtouseattachments,use8-1/2X11inchsheetsandputatthetopofeachsheet:“AMENDMENT”andthefilenumberoftheinitialfinancingstatement

towhichthisAmendmentrelates;youareencouragedtouseAmendmentAddendum(FormUCC3Ad).

Alwayscompleteitems1aand9.

A.Toassistfilingofficesthatmightwishtocommunicatewithfiler,filermayprovideinformationinitemA. Thisitemisoptional.

B.CompleteitemBifyouwantanacknowledgmentsenttoyou. Iffilinginafilingofficethatreturnsanacknowledgmentcopyfurnishedbyfiler,presentsimultaneously withthisformacarbonorothercopyofthisformforuseasanacknowledgmentcopy.

1a. Filenumber:Enterfilenumberofinitialfinancingstatementtowhichthis Amendmentrelates. Enteronlyonefilenumber. Insomestates,thefile numberisnotunique;inthosestates,alsoenterinitem1a,afterthefile number,thedatethattheinitialfinancingstatementwasfiled.

1b. OnlyifthisAmendmentistobefiledorrecordedintherealestaterecords, check box 1b and also, in item 13 of Amendment Addendum, enter Debtor’sname,inproperformatexactlyidenticaltotheformatofitem1 offinancingstatement,andnameofrecordownerifDebtordoesnothave arecordinterest.

Note: ShowpurposeofthisAmendmentbycheckingbox2,3,4,5(initem5 you must check two boxes) or 8; also complete items 6, 7 and/or 8 as appropriate. FilermayusethisAmendmentformtosimultaneouslyaccomplish bothdatachanges(items4,5,and/or8)andaContinuation(item3),although insomestatesfilermayhavetopayaseparatefeeforeachpurpose.

2.Toterminatetheeffectivenessoftheidentifiedfinancingstatementwith respecttosecurityinterest(s)ofauthorizingSecuredParty,checkbox2. SeeInstruction9below.

3.Tocontinuetheeffectivenessoftheidentifiedfinancingstatementwith respecttosecurityinterest(s)ofauthorizingSecuredParty,checkbox3. SeeInstruction9below.

4.To assign (i) all of assignor’s interest under the identified financing statement,or(ii)apartialinterestinthesecurityinterestcoveredbythe identifiedfinancingstatement,or(iii)assignor’sfullinterestinsome(but not all) of the collateral covered by the identified financing statement: Checkboxinitem4andenternameofassigneeinitem7aifassigneeis anorganization,orinitem7b,formattedasindicated,ifassigneeisan individual. Complete 7a or 7b, but not both. Also enter assignee’s address in item 7c. Also enter name of assignor in item 9. If partial Assignmentaffectsonlysome(butnotall)ofthecollateralcoveredbythe identifiedfinancingstatement,filermaycheckappropriateboxinitem8 andindicateaffectedcollateralinitem8.

5,6,7.Tochangethenameand/oraddressofaparty: Checkboxinitem5to indicate whether this Amendment amends information relating to a DebtororaSecuredParty;alsocheckboxinitem5toindicatethatthis is a name and/or address change; also enter name of affected party (current record name, in case of name change) in items 6a or 6b as appropriate;andalsogivenewname(7aor7b)and/ornewaddress(7c) initem7.

5,6. To delete a party: Check box in item 5 to indicate whether deleting a DebtororaSecuredParty;alsocheckboxinitem5toindicatethatthis isadeletionofaparty;andalsoentername(6aor6b)ofdeletedpartyin item6.

5,7. Toaddaparty: Checkboxinitem5toindicatewhetheraddingaDebtor or Secured Party; also check box in item 5 to indicate that this is an additionofaparty;alsoenterallrequiredinformationinitem7:name(7a or 7b)and address(7c); also, if addinga Debtor,tax ID# (7d) in those states where required, and additional organization Debtor information (7e-g)ifaddedDebtorisanorganization. Note: Thepreferredmethod forfilingagainstanewDebtor(anindividualororganizationnotpreviously of record as a Debtor under this file number) is to file a new Financing Statement(UCC1)andnotanAmendment(UCC3).

8.Collateral change. To change the collateral covered by the identified financing statement, describe the change in item 8. This may be accomplishedeitherbydescribingthecollateraltobeaddedordeleted,or bysettingforthinfullthecollateraldescriptionasitistobeeffectiveafter thefilingofthisAmendment,indicatingclearlythemethodchosen(check theappropriatebox). Ifthespaceinitem8isinsufficient,useitem13of AmendmentAddendum(FormUCC3Ad). Apartialreleaseofcollateralis adeletion. If,duetoafullreleaseofallcollateral,filernolongerclaimsa security interest under the identified financing statement, check box 2 (Termination)andnotbox8(CollateralChange). Ifapartialassignment consistsoftheassignmentofsome(butnotall)ofthecollateralcovered by the identified financing statement, filer may indicate the assigned collateralinitem8,checktheappropriateboxinitem8,andalsocomply withinstruction4above.

9.AlwaysenternameofpartyofrecordauthorizingthisAmendment;inmost cases,thiswillbeaSecuredPartyofrecord. Ifmorethanoneauthorizing SecuredParty,giveadditionalname(s),properlyformatted,initem13of Amendment Addendum (Form UCC3Ad). If the indicated financing statement refers to the parties as lessee and lessor, or consignee and consignor, or seller and buyer, instead of Debtor and Secured Party, referencesinthisAmendmentshallbedeemedlikewisesotorefertothe parties. If this is an assignment, enter assignor's name. If this is an AmendmentauthorizedbyaDebtorthataddscollateraloraddsaDebtor, orifthisisaTerminationauthorizedbyaDebtor,checktheboxinitem9 and enter the name, properly formatted, of the Debtor authorizing this Amendment, and, if this Amendment or Termination is to be filed or recordedintherealestaterecords,alsoenter,initem13ofAmendment Addendum,nameofSecuredPartyofrecord.

10.Thisitemisoptionalandisforfiler'suseonly. Forfiler'sconvenienceof reference, filer may enter in item 10 any identifying information (e.g., SecuredParty'sloannumber,lawfirmfilenumber,Debtor'snameorother identification, state in which form is being filed, etc.) that filer may find useful.

Download Ucc3 PDF Form

Form Data

Fact Description
Purpose of UCC3 Form This form is used to amend (modify) an existing UCC financing statement, which could include terminations, continuations, and changes in debtor information or collateral.
Termination Termination indicates that the effectiveness of the initially filed financing statement with respect to the security interests of the authorizing secured party is ended.
Continuation A continuation extends the effectiveness of the financing statement beyond its original expiration date, usually for another five-year period, depending on applicable law.
Amendments Amendments can be made to party information such as name and address changes, or to the collateral description, either by adding or deleting collateral or by restating the collateral description.

Instructions on Utilizing Ucc3

The process of amending a UCC Financing Statement through the UCC3 form is a crucial step for parties wishing to update, continue, assign, or terminate their initially stated financing agreement. Completing this form with accuracy is paramount, as any errors may have significant legal implications. This procedure enables parties to maintain the accuracy and relevance of their financing statement within the public record, thus ensuring the legal effectiveness of their secured transactions. Below is a step-by-step guide intended to assist in this meticulous process.

  1. Ensure that all information is typed or laser-printed on the form to guarantee legibility.
  2. Locate the initial Financing Statement File Number (1a) and input it accurately, as it is crucial for the identification of the original record.
  3. If the amendment is to be filed in the real estate records, mark the appropriate checkbox (1b).
  4. Decide the purpose of your amendment. If it is for termination of the statement, continuation of effectiveness, an assignment, a party information change, or a collateral change. Check the corresponding box (2, 3, 4, 5, or 8).
  5. For changes to party information (name/address), collateral, or assignment details, complete the relevant sections (Items 5, 6, 7, or 8) according to the nature of your amendment.
  6. If adding a new party, provide all required details including name, address, tax ID, type of organization, jurisdiction, and organizational ID number if applicable (7a, 7b, 7c, 7d, 7e, 7f, 7g).
  7. To describe a collateral change, use Item 8 and specify whether you are adding, deleting, or restating collateral description. Include full details of the collateral affected.
  8. Always include the name of the secured party authorizing this amendment in Item 9. If a debtor is authorizing the amendment for additions or terminations, check the corresponding box.
  9. For acknowledgments, fill out Section B with the name and address where you'd like the acknowledgment sent.
  10. Optionally, utilize Item 10 for any additional filer reference data that might assist in the management or identification of your amendment record.

Following these steps precisely is essential for the proper amendment of your UCC Financing Statement. Verification of all entered information for accuracy before submission cannot be overstated, as any inaccuracies could affect the legal standing of the secured transaction. Once completed, submit the documented form along with any required fees to the designated filing office, and remember to keep a copy for your records.

Obtain Answers on Ucc3

Frequently Asked Questions (FAQs) about the UCC-3 Financing Statement Amendment Form

  1. What is a UCC-3 Financing Statement Amendment?

    It is a legal form used to make changes to a previously filed UCC-1 Financing Statement. Such changes might include updating debtor information, adding or releasing collateral, or noting the assignment of the secured interest to another party.

  2. Why would one need to file a UCC-3 amendment?

    Filing a UCC-3 amendment is necessary when there are changes to any of the information included in the original UCC-1 Financing Statement, such as when the debtor relocates, changes their name, or if the terms of the secured transaction change, including changes related to the collateral, or if the secured interest is assigned to another party.

  3. What are the main types of amendments that can be made with the UCC-3 form?

    • Termination: Indicates that the secured party no longer has a security interest in the collateral described in the financing statement.

    • Continuation: Extends the effectiveness of the financing statement beyond its initial expiration period.

    • Assignment: Records the transfer of a secured party's interest in the collateral to another party.

    • Amendment: Modifies details about the debtor or secured party or adds or removes collateral.

  4. How does one correctly fill out a UCC-3 form?

    The form should be filled out with accurate information corresponding to changes being reported. Essential details such as the initial financing statement file number, the names and addresses of the debtor and secured party (as they appear on the original UCC-1), and specific changes being made, must be clearly indicated. Always refer to the instructions provided with the form to avoid mistakes.

  5. What are the consequences of not filing a UCC-3 amendment when required?

    Failure to file necessary amendments can lead to the original financing statement being considered inaccurate or misleading, potentially undermining the secured party's interest in the collateral. This might affect the priority of the secured party's interest relative to other creditors and could lead to legal disputes or loss of secured status in the collateral.

  6. Can a UCC-3 form be used to file against a new debtor?

    While a UCC-3 can technically be used to add a debtor, the preferred method for filing against a new debtor is to file a new UCC-1 financing statement. This ensures clarity and establishes a separate, clear record of the secured interest as it pertains to the new debtor.

  7. Where should a UCC-3 form be filed?

    The UCC-3 amendment should be filed with the same filing office where the original UCC-1 Financing Statement was filed. This usually means the Secretary of State's office or a local filing office, depending on the jurisdiction and the nature of the collateral. Always confirm with the relevant filing office for specific filing requirements.

Common mistakes

  1. Failing to provide the correct initial financing statement file number in item 1a is a common mistake. This number is crucial for identifying the document that the amendment refers to, and an incorrect file number can lead to processing delays or the amendment not being associated with the correct financing statement.

  2. Not indicating the specific amendment action correctly in items 2, 3, 4, or 5 can cause confusion and processing errors. Each box corresponds to a different type of amendment (e.g., termination, continuation, assignment), and selecting the wrong box could significantly alter the document's intent.

  3. Omitting or inaccurately filling out the debtor or secured party information, especially in items 6, 7, and 9. It's essential to check the appropriate box to indicate whether the amendment affects the debtor or secured party and to provide accurate, current information. Inaccurate details can lead to misidentification and improper amendment processing.

  4. Forgetting to describe the collateral change in item 8, or not doing so clearly, is another common mistake. Whether adding or deleting collateral or restating the entire collateral description, clarity in this section is paramount for accurately reflecting the amendment's intent and ensuring legal effectiveness.

  5. Neglecting to complete optional fields that could be beneficial, such as A (Name and Phone of Contact at Filer) and B (Send Acknowledgment To), can lead to missed opportunities for communication and confirmation. While not mandatory, filling these out can facilitate smoother processing and peace of mind.

Documents used along the form

When managing UCC (Uniform Commercial Code) filings, particularly amendments with the UCC3 form, it's common to encounter and use additional forms and documents. These documents each serve a distinct purpose within the broader scope of commercial transactions and secure lending.

  • UCC1 Financing Statement: A foundational document used to declare a security interest in the debtor's collateral, providing public notice. This form is crucial for securing the rights of a secured party against other creditors.
  • UCC1Ad Addendum: Accompanies the UCC1 when more space is needed to detail the collateral or when additional parties are involved. It allows for the inclusion of extra information not accommodated by the base form.
  • UCC3Ad Amendment Addendum: Used alongside the UCC3 Amendment form when additional space is required to outline changes or when adding detailed information about the amendment that the UCC3 form itself cannot accommodate.
  • UCC5 Information Statement: Submitted by a party who believes a filing is inaccurate or wrongfully made, this form provides a way to officially contest the record or clarify a mistaken filing.

Understanding how each of these forms interacts with the UCC3 is vital. The UCC3 form is used for making amendments to an existing record, including terminations, continuations, and assignments. It's important to note, however, that the effectiveness and accuracy of filing these forms depend on careful attention to the details required by each document. This process ensures that the secured parties' interests are properly maintained and documented in public records.

Similar forms

  • The UCC-1 Financing Statement is similar to the UCC-3 form in that it initiates a public record of a secured party's interest in the debtor's collateral. The UCC-3 form then amends, continues, or terminates the statement initiated by a UCC-1.

  • Mortgage Assignment Documents share similarities with the assignment aspect of UCC-3 forms, where a party's interest in a particular financial agreement is transferred to another party. Both document types record changes in the interest or claims on assets.

  • The Amendment of Trust Deed has parallels with UCC-3 amendments, as both involve recording modifications to previously filed documents that affect rights in property or collateral. These amendments might include changes in the parties involved or the terms of the agreement.

  • Security Agreement Modifications are akin to the UCC-3 form's role in amending the collateral description or terms within a secured transaction. These modifications may adjust the scope of collateral or the conditions under which it is held.

  • Notice of Lien filing modifications can be compared to the continuation or termination sections of the UCC-3, especially in maintaining or releasing a public claim on assets due to debts or obligations, similar to how a UCC-3 continuation or termination operates.

  • Corporate Bylaws Amendment documents, which record changes to a corporation’s operational rules, resemble the UCC-3 amendments that change party information or collateral in a financing statement, as both types of amendments adjust the foundational agreements that guide relationships between parties.

  • Changes in Partnership Agreements can reflect the assignment or party information amendment sections of the UCC-3, as they may involve the reassignment of interests or alteration of party details within the context of a business partnership.

Dos and Don'ts

Filling out a UCC-3 form, which is crucial for amending a UCC financing statement, requires careful attention to detail to ensure accuracy and compliance. Below, find essential dos and don'ts to guide you through this process.

    Things You Should Do
  • Verify the Initial Financing Statement File Number: Ensure you accurately reference the original UCC-1 financing statement's file number. This is a crucial step, as any error can result in the amendment being applied to the wrong statement.
  • Read the Instructions Carefully: The UCC-3 form comes with detailed instructions that are vital for correct completion. Take the time to read these thoroughly before starting to fill out the form to avoid common mistakes.
  • Use Legible Print or Typing: Clear and legible entries are important. Whether you're typing or writing by hand, make sure all information is easy to read to prevent misunderstandings or processing delays.
  • Complete All Required Sections: Depending on the amendment type—whether it's a continuation, termination, assignment, or modification—ensure all relevant parts of the form are accurately completed. This includes debtor and secured party information, as well as any change in collateral details.
    Things You Shouldn't Do
  • Overlook Double-Checking Information: Before submitting, double-check every piece of information you've entered, especially identifiers like names, addresses, and the initial filing number. Errors here can lead to significant complications.
  • Skip Optional Fields Without Consideration: Certain fields on the UCC-3 form are marked as optional, such as contact information for the filer. Don't skip these fields without considering if providing this information could be beneficial for communication purposes.
  • Use the Form for Multiple Amendments: Each UCC-3 form is designed to amend only one UCC-1 financing statement. Don't try to consolidate changes to multiple filings on a single form to save time or fees. Each amendment requires its own form.
  • Forget to Detach Filers’ Copies: There are sections of the form designed to be retained by the debtor and secured party. Ensure these are correctly detached and distributed to prevent personal information from being publicly filed or disclosed unnecessarily.

Misconceptions

Understanding the UCC-3 form and its implications is crucial for businesses and individuals involved in secured transactions. However, several misconceptions surrounding the UCC-3 amendment filing exist, leading to confusion and potentially costly errors. Below are seven common misunderstandings and the realities behind them:

  • UCC-3 is only for terminations: While the UCC-3 form is often used to terminate a UCC filing, indicating that a debt has been satisfied and the secured party releases its interest in the collateral, it serves multiple purposes. It can also be used for continuations, amendments, and assignments, showing a broad range of changes to the original UCC-1 financing statement.

  • Any party can file a UCC-3 amendment: Only the secured party of record or the debtor (in specific instances detailed in the form) can authorize a UCC-3 amendment. Unauthorized filings by third parties are not valid and can lead to legal consequences.

  • A UCC-3 continuation must be filed annually: A common misconception is that continuations require annual filing. However, a UCC-3 continuation extends the effectiveness of a UCC-1 financing statement for an additional five years beyond its original expiry date. It's not an annual requirement but rather something to consider as the five-year expiration approaches.

  • UCC-3 amendments are effective immediately: While filing a UCC-3 amendment updates the public record, the actual effectiveness might be subject to the statute governing the secured transaction. For example, certain changes or actions might require additional steps or notifications to be considered effective legally.

  • Filing a UCC-3 amendment is a cure-all for inaccuracies in the original UCC-1 filing: Amending a financing statement can correct or update information, but it cannot retroactively legitimize a flawed initial filing. The legal effectiveness of the UCC-1 could be compromised if it contains significant errors, even if a UCC-3 amendment is filed.

  • UCC-3 filings are public documents that offer detailed financial information: While UCC filings are public records, they do not provide detailed financial information about the debtor. Instead, they indicate the existence of a secured transaction, identify the collateral, and list the parties involved.

  • The only purpose of a UCC-3 assignment is to notify of a change in the secured party: Beyond merely indicating a new party has rights to the collateral, an assignment can also signal a partial transfer of secured interest or a complete overhaul of the interested parties without affecting the debtor's obligations under the original agreement.

Clarifying these misconceptions is important for all parties involved in a secured transaction to ensure that their rights and interests are accurately represented and legally protected throughout the life of the financing arrangement.

Key takeaways

Understanding the UCC3 form is crucial for making amendments to a UCC filing. Here are 10 key takeaways to keep in mind:

  • Each UCC3 form can only relate to one initial financing statement. This specificity ensures clarity and accuracy in amendments.
  • Filling out the initial financing statement file number correctly is vital. This number is the unique identifier that links the amendment to the original filing.
  • The UCC3 form allows for various types of amendments, including terminations, continuations, assignments, and changes in party information or collateral.
  • To terminate the effectiveness of the identified financing statement with respect to the security interests of the authorizing secured party, mark the appropriate checkbox.
  • For a continuation, indicating the desire to extend the effectiveness of the financing statement needs the correct box checked and is bound by the applicable law's time frame.
  • Assignments can be complete or partial, requiring details of both the assignee and assignor. This section transforms the responsibility and rights under the financing statement.
  • Amendments can change party information, such as names or addresses. This requires current information to be listed as well as the new details for accurate records.
  • It's possible to add or delete a party from the financing statement with a UCC3 amendment. This could significantly impact the agreement's structure and should be done with careful consideration.
  • Changing the collateral described in the financing statement involves either specifying what's added or deleted or providing a complete restatement of the collateral description.
  • The form demands the name of the party authorizing the amendment, emphasizing the need for consent in any changes to the binding document.

Accuracy and attentiveness to detail cannot be overstressed when completing a UCC3 form. Any errors or omissions might lead to legal consequences or disputes, stressing the importance of reviewing all amendments thoroughly before submission. For those unsure about any step of the process, consulting with an attorney can provide clarity and ensure that all legal requirements are being met.

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