Lien Monitoring Only at the State? It’s Risky
April 19, 2018
UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring
When evaluating lien monitoring programs, programs that are designed to monitor your Financing Statements for lien filings that can prime your perfected security interest, it is important to recognize that many states do not maintain records of Federal Tax Liens or Judgment Liens Attached to Real Property at the state-level filing office. Nevertheless, these liens have the potential to prime a perfected security interest.
That’s why,…READ MORE
Tips To End Billing Headaches With Your Service Company
April 12, 2018
UCC, Corporate, Tips
Ever have a partnership with a service company, one that is knowledgeable and able in their solutions, BUT there is still a problem? The service company’s billing system and accounting procedures are a big headache.
It gets tiring and frustrating to pay your invoices on time, remit the proper amount to the proper office, yet still end up getting hassled by your service company because they processed your payments incorrectly. You are…READ MORE
Equipment Finance and PMSI: A Unique Relationship
April 05, 2018
UCC, Online UCC System, Due Diligence
Equipment finance or leasing is a lending type that specializes in lending on specific collateral. Equipment finance companies can vary greatly and tend to specialize on specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.).
One product that is unique to this industry is purchase money security interest packages, or PMSI. A PMSI filing will allow…READ MORE