Amendments shall be applied for if the information or previously performed entries in the commercial pledge Register have changed. For example, the pledged property has decreased, the amount of the claim has decreased, to which the liability of the commercial pledge is extended, etc. If information that has not been entered in the commercial pledge Register has changed (for example, the interest rate), the submission of amendments shall not be mandatory.

NB! If the amount of the secured claim or the amount of the pledged property is increased, an application shall be submitted for registration of novation of the commercial pledge, not amendments.

^{* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.}

Documents to be submitted:

• application - it shall be submitted by completing the application form on the commercial pledge e-Service site the application for https://komerckila.ur.gov.lv shall be electronically signed by the commercial pledger and the commercial pledgee (exceptions are specified in Section 20 of the commercial pledge Law ) or by the duly authorised persons (if the application is signed by another person, the authorisation shall be certified notarially or an authorisation to be appended to the application, which has been signed with a secure electronic signature of the franchisor),
  • exceptions. If information regarding the commercial pledger has changed - only the commercial pledger may sign the application. If information regarding the commercial pledgee has changed, the amount up to which the liability of the pledge reaches, which property is excluded from the composition of the commercial pledge - the application may be signed only by the commercial pledgee;
• amendment contract - an electronic document or an electronic copy of a paper document;
• framework contract - If the secured claim is amended, the text of the amendments to the contract (from which the secured claim arises) (for example, amendments to the loan, credit agreement) shall be appended. The text of amendments to the framework contract shall be submitted as an electronic document or as an electronic copy of the paper document;
• authorisation for signing an application (if the application is signed by an authorised person, the authorisation shall be certified notarially or an authorisation shall be appended to the application with a secure electronic signature of the provider thereof);
• a receipt or a copy thereof, or a printout of an online bank payment, or information regarding payment of the State fee (not to be submitted if information regarding the payment made is indicated in the application);
• if a property subject to registration is pledged (vehicle, tractor technique, herd or trade mark, patent, design) - a document (information) shall be appended which certifies that the specified fee for registration of a commercial pledge note in the Register of files subject to registration has already been paid in advance, or it shall be entered in the application. If the subject matter of the commercial pledge is supplemented by new units of property subject to registration, the additional State fee (CSDD; VTUA; LDC; Patent Office) shall be paid for the new unit, but no fee shall be repaid for the units already pledged.