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 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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Equipment Finance and PMSI

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

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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New Years Resolutions? Improve UCC Due Diligence

December 13, 2018 UCC, Due Diligence, Tips Something

2019 is approaching and New Years resolutions are on everyone's mind.  Streamlining and improving your UCC due diligence strategies should be on your list!  Have you considered adapting new strategies to improve your UCC Due Diligence? Evaluating your UCC management can be a complicated process; as a UCC service partner we support our clients responsibility to reduce risks, improve workflow efficiency and cut costs while maintaining accuracy. Experiencing…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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Frustrated By Missing Documents At Your Closings?

September 06, 2018 UCC, Corporate, Due Diligence Something

Familiar with that feeling? Of course we’re all looking for ways to improve efficiency and, on this topic, there are some steps you can take that may help save time and streamline processes so you’re ready when it’s time and you’re not frustrated by missing documents at your closings. Don’t wait until the last minute. This seemingly simple tactic is vital to assuring you have the documents you need when you need them. If you…READ MORE

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Three More Tips For Bulk Sale Escrow Officers In California

June 21, 2018 UCC, Due Diligence, Tips Something

With the Norcal Escrow Conference fast approaching, here's a repost of three MORE handy tips for Bulk Sale Escrow Officers in California. We’ve been supporting Escrow Officers handling bulk sales for a quarter century, and over that period we’ve learned more than just a few things from our friends in the industry, and in this blog post we share three more tips for Bulk Sale Escrow Officers in California that we’ve learned and their…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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Free eBook: Ultimate Guide to Lien-Related Post Filing Due Diligence

June 07, 2018 UCC, Due Diligence, Lien Monitoring Something

As a secured party, you need to know immediately if your debtor is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE eBook, we focus on lien-related post filing due diligence and what you can do as a secured party to maintain your perfected security interest. In it, you will find post filing due diligence insights regarding the below topics. Top 5 mistakes to avoid on UCC Financing Statements …READ MORE

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Three Tips For Bulk Sale Escrow Officers In California

May 31, 2018 UCC, Due Diligence, Tips Something

With the Norcal Escrow Conference fast approaching, here's a repost of three handy tips for Bulk Sale Escrow Officers in California. We’ve been supporting Escrow Officers handling bulk sales for a quarter century, and over that period we’ve learned more than just a few things from our friends in the industry, and in this blog post we share three tips for Bulk Sale Escrow Officers in California that we’ve learned and their importance. Tip…READ MORE

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UCC Secured Party Representative Service – Explained

May 24, 2018 UCC, Online UCC System, Revised Article 9 Something

UCC Secured Party Representative Service provides protection for secured lenders by using a representative’s name (instead of their own) in the Secured Party box on UCC Financing Statements. Under Revised Article 9, UCC Section 9-502(a)(2), a financing statement must provide the name of the secured party or representative of the secured party. The Secured Party Representative Service key aspect is that the code allows “a representative”…READ MORE

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