Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Find Missing Liens Using Broad-Based Search Logic

February 08, 2019 UCC, Online UCC System, Reduce Financial Risk

You have many options to perform a UCC lien search. There are certified searches that come directly from the filing office, state direct database searches that are available on a state’s website, and proprietary search systems that private service companies build and maintain. One of the primary benefits of using the proprietary search system of a service company is the use of broad-based search logic. What is broad-based name searching? Search…READ MORE

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Equipment Finance and PMSI

February 01, 2019 UCC, Online UCC System, Due Diligence

Equipment finance or leasing is a lending type that specializes in lending on specific collateral.  These companies tend to specialize in financing industries like farm equipment, medical and dental equipment, freight, and other industrial equipment. One product that is unique to this industry is purchase money security interest packages, or PMSI.  A PMSI filing will allow a lender to take a priority position on a specific piece of equipment…READ MORE

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