When businesses or individuals need to change a financing statement in Colorado, they use the UCC Financing Statement Amendment, commonly known as the Colorado UCC3 form. With a filing fee of $18, this amendment updates the public record maintained by the Colorado Secretary of State. It covers four primary modification types: terminations, continuations, assignments, and amendments to debtor information or collateral details from the original UCC1 statement.
A termination releases the secured party's interest once the debt is paid. A continuation extends the UCC financing statement for an additional five years before it lapses. An assignment transfers the secured party's rights to a new creditor. An amendment updates party information, changes the debtor name or address, or modifies the collateral description in the original financing statement.
Filing the UCC3 amendment requires the original UCC1 file number, the file date, and accurate debtor information. Secured creditors, commercial lenders, and borrowers file UCC3 amendments after loan payoffs, lender transfers, or collateral updates. Submit the completed form to the Colorado Secretary of State's UCC Division online or by mail. Keeping financing records current protects security interests and ensures accurate public records.
| Question | Answer |
|---|---|
| Form Name | Colorado Ucc3 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | CO UCC3FacePage colorado ucc3 form |