We continue to see an increase in requests for services involving our neighbors to the North. Of those requests, Personal Property and Security Act (PPSA) registrations are topping the list. The PPSA is commonly thought of as the Canadian version of the Uniform Commercial Code (UCC) filings by many in the industry.
We often touch on the standard UCC Financing Statement because it is so widely known by the industries we serve, but we wanted to touch on several other situations that are not as generally understood.
There are two methods to filing a UCC, one is to send in the paper filing either through a courier or through the mail. The other is to record the UCC electronically through the state’s filing system. Both are equally effective, but there are some things that need to be considered when determining which method to use.
With this newest state addition to our Database Direct® searching capabilities, benefits are not so far, far away. Obtain more results and uncover potential “hidden” liens through our expanded search logic which includes hundreds of name equivalents.
Q4 is quickly coming to an end! Review the end-of-year checklist to ensure all proper corporate due diligence obligations are handled:
When Filing: IACA Forms: The following PDF Forms are provided to assist with your UCC processing. UCC1 – Financing Statement UCC1Ad – Financing Statement Addendum UCC1AP – Financing Statement Additional …
