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The Colorado UCC3 form, also known as the UCC Financing Statement Amendment, plays a crucial role in managing secured transactions. This form allows parties to amend existing financing statements, ensuring that all information remains current and accurate. Whether you need to terminate a financing statement, continue its effectiveness, or make changes to party information or collateral details, the UCC3 form provides the necessary structure to do so. It includes sections for original filing information, such as the original filing number and date, as well as options for termination, continuation, assignment, and amendments. Additionally, it prompts users to provide updated information for debtors or secured parties, ensuring that any changes in name or address are officially recorded. With a filing fee of $18, this form must be submitted to the Colorado Secretary of State, highlighting the importance of careful completion and adherence to guidelines to avoid rejection. Understanding the UCC3 form is essential for anyone involved in secured transactions in Colorado, as it helps maintain clarity and legal standing in financial dealings.

Key takeaways

  • Filing the Colorado UCC3 form incurs a fee of $18. Ensure you include the correct payment when submitting the form.

  • Provide accurate initial financing statement information. This includes the original filing number and date, which are essential for processing your amendment.

  • Choose the correct amendment type. You can indicate whether you are terminating, continuing, assigning, or amending the financing statement. Only check one box to avoid confusion.

  • When changing party information, clearly specify whether the amendment affects the debtor or the secured party. Check the appropriate box and provide the necessary details.

  • For any changes to the collateral description, ensure you describe the collateral accurately. You can either delete or add collateral as needed.

  • Mail the completed form to the Colorado Secretary of State at the specified address. Include a separate check for each form submitted to facilitate processing and avoid delays.

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Dos and Don'ts

When completing the Colorado UCC3 form, it is essential to follow specific guidelines to ensure accuracy and compliance. Here are six important dos and don’ts:

  • Do provide accurate information for the original filing number and date.
  • Do check only one box for the type of amendment you are submitting.
  • Do ensure that the names and addresses are current and correctly formatted.
  • Do include a separate check for each form submitted for filing.
  • Don't submit the form without the correct filing fee of $18.
  • Don't forget to include the name and address for acknowledgment if desired.

File Specs

Fact Name Description
Form Purpose The UCC3 form is used to amend a previously filed UCC financing statement in Colorado.
Filing Fee The fee to file the UCC3 form is $18.
Governing Law This form is governed by the Colorado Uniform Commercial Code (UCC).
Contact Information Providing a contact name and phone number is optional when submitting the form.
Amendment Types The form allows for termination, continuation, assignment, or amendment of party information.
Submission Instructions Mail the completed form and payment to the Colorado Secretary of State's office in Denver.