Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

API for UCC–Are They All The Same?

October 03, 2019 UCC, Online UCC System, Due Diligence, Reduce Financial Risk Something

In a word, no. The emergence of API for UCC, with its increased efficiency and enhanced compliance capability, has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC, making it another technology driven, value added differentiator to their UCC due diligence service packages. Much like how UCC portfolio managers and search engines vary in effectiveness…READ MORE

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The Benefits of API For UCC

May 10, 2019 UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk Something

Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you…READ MORE

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State Only Lien Monitoring? It’s Risky

March 01, 2019 UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring Something

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

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Are All API For UCC Alike?

February 22, 2019 UCC, Due Diligence, Reduce Financial Risk Something

In a word, no. The emergence of API for UCC with its increased efficiency and enhanced compliance capability has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC and it is now another technology driven differentiator added to their UCC due diligence packages. Much like how UCC portfolio managers and search engines vary in effectiveness and efficiency,…READ MORE

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Find Missing Liens Using Broad-Based Search Logic

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

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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Single Extra Space Creates Seriously Misleading UCC Debtor Naming Error

September 13, 2018 UCC, Online UCC System, Due Diligence, Revised Article 9, Reduce Financial Risk, Tips Something

A recent court ruling in Wisconsin once again has affirmed the supreme importance secured parties must place on their data entry procedures when naming debtors on financing statements to perfect their security interests. A recap of the case can be found here. Once again, a typo in the debtor name created a UCC filing that was judged to be seriously misleading, and therefore left the secured party’s security interest with the debtor…READ MORE

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Secured Creditors and Unsecured Creditors: What’s the Difference?

June 14, 2018 UCC, Online UCC System, Due Diligence, Reduce Financial Risk Something

There are secured creditors and unsecured creditors. But what is the difference between secured creditors and unsecured creditors? Secured Creditors are creditors that hold a lien on its debtor’s property, whether that property is real property or personal property. The lien gives the secured creditor an interest in its debtor’s property that provides for the property to be sold to satisfy the debt in cases of default. The secured…READ MORE

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Lien Monitoring Only at the State? It’s Risky

April 19, 2018 UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring Something

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

*Disclaimer

Can A Terminated UCC Not Really Be Terminated?

March 29, 2018 UCC, Online UCC System, Due Diligence, Reduce Financial Risk Something

Can a terminated UCC not really be terminated? The Uniform Commercial Code says terminated UCC filings are no longer effective. So how can a terminated UCC not really be terminated? There are two scenarios. When the UCC record contains more than one secured party of record. When there is more than one secured party for a single UCC, any of the secured parties can file a termination statement on behalf of all the secured parties.…READ MORE

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Choose The Right API For UCC

March 22, 2018 UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk Something

Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you…READ MORE

*Disclaimer