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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

UCC Termination Statements, a Trap for the Unwary: Part Four

July 27, 2012 UCC

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the fourth installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Four If you want to be 100% sure that a UCC filing that has previously been assigned is properly terminated, you will need to exercise due diligence and inquire of the parties as to…READ MORE

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UCC Termination Statements, a Trap for the Unwary: Part Three

July 20, 2012 UCC

For the next several weeks, we welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the third installment in his blog series addressing the intricacies of UCC Termination Statements UCC Termination Statements, a Trap for the Unwary: Part Three Many secured parties who review UCC assignments from one secured party (an "assignor") to another secured party (an "assignee"), just assume that the UCC assignment…READ MORE

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UCC Termination Statements, a Trap for the Unwary: Part Two

July 13, 2012 UCC

For the next several weeks, we welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the second installment in his blog series addressing the intricacies of UCC Termination Statements UCC Termination Statements, a Trap for the Unwary: Part Two A crucial principle to remember is that an "unauthorized" filed termination is not effective to terminate the UCC filing described in such termination. If you rely on…READ MORE

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First Corporate Solutions Launches Design Refresh for Its Online UCC Filing System

July 13, 2012 UCC, Services / System Update

First Corporate Solutions announced today that it has made several design changes to its online UCC filing system. This design refresh includes layout, color and visual element enhancements and offers users a  cleaner interface with the same functionality as before. Here’s a sneak peak of the newly designed filing system. Not a FCS online user? Find out more about our UCC Online Filing System *Call or email today to schedule a free online…READ MORE

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UCC Termination Statements, a Trap for the Unwary: Part One

July 09, 2012 UCC

For the next several weeks, we welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the first installment in his multi-part blog series addressing the intricacies of UCC Termination Statements Reviewing UCC terminations in a UCC search is often viewed by some secured parties as a mundane administrative task. Quite to the contrary, UCC terminations are an essential and important component of a financing transaction,…READ MORE

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[New Release] First Corporate Solutions Releases Rhode Island and Mississippi UCC/Lien Data and Image Libraries to Online UCC Search System

July 06, 2012 UCC, Services / System Update

We are pleased to announce that we have added  Rhode Island and Mississippi  to our online search system. Active users can log on now to www.ficoso.com and search our reliable state-direct Rhode Island (UCC) and Mississippi (UCC, Federal Tax Lien, Farm Lien) data complemented by an expansive library of clear, downloadable document images. Utilize our broad-based search engine to locate liens by debtor name or file number, then use our…READ MORE

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Senate Bill 12 Update (7/6/2012) – Call to Action Today

July 06, 2012 Legislation

[Latest Update from the California Escrow Association (CEA) - 7/6/2012] This afternoon, the Assembly Revenue and Taxation Committee took up Senate Bill 12 for a second time.  Regretfully, the bill received the five votes necessary to move out of the committee.  Senate Bill 12 goes next to the Assembly Floor for a vote of the entire Assembly, after they reconvene from a month-long summer recess beginning Monday.  Your phone calls and…READ MORE

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Senate Bill 12 Update (7/3/2012) – Call to Action Today

July 03, 2012 Legislation

[Latest Update from the California Escrow Association (CEA) - 7/3/2012] Dear CEA Member: You are receiving this email because from your address it seems likely that you are in the district of a key member on the Assembly Revenue & Taxation Committee, as indicated below.  To confirm this, please click here to confirm your Assembly Member, and compare it to the Assembly Rev & Tax Committee Roster attached.  This is particularly…READ MORE

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