Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

A Factor’s Perspective on Pre-Filed UCC Financial Statements

UCC

Under Revised Article 9 of the Uniform Commercial Code, secured parties are permitted to pre-file UCC Financing Statements, meaning they may file their UCC document before official execution of the security agreement provided the secured party receives proper authorization from the borrower. This week, we welcome Steve Capper of Flexible Funding as a guest author on the FCS blog. In this piece, Steve offers some words of caution for borrowers…READ MORE