Amendments shall be applied for in the event of a change in the information or previous records of the register of commercial pledges. For example, a decrease, a change in the pledged property, a decrease in the amount of the claim to which the commercial pledge is held, etc. In the event of a change in information which has not been entered in the register of commercial pledges (e.g. interest rate), the submission of amendments shall not be mandatory.

N.B.: If the amount of the secured claim or the amount of the pledged property is increased, an application shall be submitted for registration of the new commercial pledge, not of amendments.

Documents to be submitted:

• Application - It shall be submitted by completing the form of an application on the Commercial Pledge e-Service site https://komerckila.ur.gov.lv The application shall be electronically signed by the commercial warlord and commercial warlord (the exceptions are specified in Section 20 of the Commercial Pledge Law) or by the duly authorised person (if the application is signed by another person, the authorisation shall be certified notarially or attached to the application. the secure electronic signature of the authorising authority).
  • Exceptions. If the information regarding the commercial warlord has changed, the application may only be signed by the commercial warlord. If the particulars of the commercial pledge holder have changed, the amount to which the liability for the pledge is extended was reduced, which is the case excluded from the commercial pledge composition — the application can only be signed by the commercial warlord.
• Amendment agreement - electronic document or electronic copy of paper document.
• Framework contract - if the secured claim is amended, the text of the amendments to the contract (from which the secured claim is derived) (e.g. amendments to the loan, credit agreement) shall be added. The text of the amendments to the framework contract shall be submitted as an electronic document or as an electronic copy of the paper document.
• Authorisation for the signature of an application (if the application is signed by an authorised person, the authorisation shall be certified notarially or the authorisation to be attached to the application shall be accompanied by a secure electronic signature of his or her employer).
• A receipt or a copy thereof, or a printout of an online bank payment, or information on the payment of the State fee (not to be submitted if the information regarding the payment made is indicated in the application).
• If a file subject to registration is pledged (vehicle, tractor-engineering, herd or trade mark, patent, design) - attach a document (information) attesting that the specified fee for registration of a commercial pledge mark in the register of files subject to registration has been paid in advance, or record it in the application. If the commercial warfare is supplemented with new units of files subject to registration, the State fee (CSDD; VTUA; LDC) for the new unit should be paid in addition, but the fee for the units already pledged should not be recharged.