Filing an amendment does not change the status of the parties on the record.
(1) If an amendment adds a debtor or a secured party to the record, the new debtor or secured party is added to the appropriate index and associated with the record of the financing statement in the UCC information management system.
(2) An amendment that designates an assignee causes the assignee to be added as a secured party of record.
(3) If an amendment deletes a debtor or a secured party from a financing statement, no debtor or secured party of record is deleted from the UCC information management system. A deleted secured party will still be treated by the filing office as a secured party of record as the filing office cannot verify the effectiveness of an amendment.
[Statutory Authority: RCW 62A.9A-526
, chapters 60.68
, 60.13, and 9A.82
RCW. WSR 09-12-067, § 308-391-307, filed 5/29/09, effective 6/29/09.]