Who Needs Subscriptions?
In our user-friendly, filing, and search system you can seamlessly submit UCCs, track critical lapse dates with a continuation report, and utilize our collateral manager to avoid rekeying verbiage. Once …
UCCs: Thought You Had The Right Name?
Back in 2013, recent amendments to Article 9 took effect. One of the amendments provides that a driver’s license is the best source for determining the legal name of an …
Debtor’s Name Change? What To Do
A proper financing statement must provide the name of the debtor, and there are fairly strict requirements for the sufficiency of the debtor’s name. (See UCC§§ 9-502& 9-503.) If the …
Flagging Unauthorized Termination Statements with Information Statements
Say you are a secured party with a filed financing statement. For whatever reason, you obtain a search report for filings naming your debtor. The report shows your unlapsed financing …
Specify Collateral by Type Using UCC Article 9 Definitions
Article 9 of the Uniform Commercial Code requires that a financing statement, to be effective, must indicate the collateral that it covers.
Multiple Secured Parties: Amendments
Complications with Multiple Secured Parties: Part 2 – Amendments Most people do not appreciate the potential complications involved when a search reveals multiple secured parties on a single financing statement. …