UCC-3 Amendment

A UCC-3 Amendment is a legal form used in the United States to update or change information related to a UCC-1 financing statement. A UCC-1 is a notice that a lender files to protect their interest in a borrower's collateral, typically in business loans. The UCC-3 can be used to add new collateral, release collateral, or change details about the debtor or secured party. Filing this amendment helps keep public records accurate, ensuring that all parties are aware of current claims against the borrower's assets.