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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

CEA Bulk Sale Seminar a Virtual Success

Events & Tradeshows

The California Escrow Association (CEA) is once again leading the way. Originally scheduled to be a one-day conference in Costa Mesa back in March, the California Escrow Association’s Annual Bulk Sale Seminar was called off because of COVID-19. But instead of canceling the event altogether, the CEA simply pivoted on today’s new realities and reschedule the event as a virtual conference. And what a success it has been, once again…READ MORE

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COVID-19 Impact on UCC 1 Perfection at States and Counties

UCC

Filing offices have reopened across the country, but issues may linger and impact perfection of UCC filings But be aware, there are issues at jurisdiction filing offices Fortunately, some best practices can help alleviate those issues and assure your portfolio remains compliant. But before we review those best practices, let’s look at the issues. Many jurisdictions curtailed or stopped services, like over the counter services,…READ MORE

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Tips to Choose the Right Title Search Company – Is Title Insurance Always Needed?

Title Related Topics

With impacts from COVID-19 changing so many things, you may be relieved to know that there are some things that remain the same. That is the case for certain title searches, depending on what they are intended for. Is an insured title product with a corresponding title policy required for all your title searches? Do you always need to pay for that premium? In today’s litigious society, the answer would seem to be yes. But is that…READ MORE

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5 Types of UCC3 Change Statements

UCC

A UCC3 is a change statement to a UCC1. It’s an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It’s a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests. Importantly, • the timing of UCC3 recording execution • the accuracy of the data changes or additions • and choosing the correct amendment…READ MORE

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Reduce UCC Filing Errors with an API for UCC

UCC

Reduce UCC filing errors and streamlining UCC processes at the same time. Improve compliance and accuracy at the same time. Sound good? You can do it with API for UCC. API for UCC allows you to improve compliance and accuracy while at the same time easing workload. It frees up valuable time for you and your staff to focus energies on other key aspects of your operation, and gives you the power to efficiently manage your growing portfolio…READ MORE

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FCS adjusts to COVID-19

Services / System Update

Along with the rest of the world, First Corporate Solutions continues to adjust and adapt to COVID-19. We continue to listen and learn as the evolving situation develops, and continue to follow information and guidance from experts to lead our actions as we look to protect our employees from harm’s way while also fulfilling our responsibilities to our clients and partners in risk management and compliance. What has FCS done? One…READ MORE

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Filing Office Closures due to Coronavirus (Updated 4/24/20)

Services / System Update

The impact of the coronavirus (COVID-19) is being felt worldwide and First Corporate Solutions is doing everything possible to maintain workflow capabilities and standards while this worldwide event plays out. There are, however, certain documentation processes that are out of our control, like closures or limitations to filing offices and court records due to quarantine or other action. Below is a list of filing offices that are being impacted…READ MORE

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COVID-19 Federal Aid Application Tips

Tips

Well 2020 sure has taken a turn. We went from barely hearing about COVID-19 to a complete worldwide shutdown in just a few months. Not only are there very serious health concerns over the virus, but with most of the “non-essential” workforce being forced to shut their doors or work from home, small businesses are paying the price with decreased revenues and many businesses are being forced to furlough or layoff employees. To help…READ MORE

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Florida Corporations Beware: Here’s what you need to know in 2020

Corporate

If you run a Florida corporation, your year has started off with a series of legislative updates that could potentially impact your business. On January 1, 2020, Florida House Bill 1009 took effect, revising the Florida Business Corporation Act and affecting almost every section of the law, in many cases, substantially. Below are just a few of the revisions which took effect cited from Florida Statutes Chapter 607. DOCUMENT CORRECTIONS Corrections…READ MORE

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California Consumer Privacy Act Now In Effect

Legislation

The California Consumer Privacy Act (CCPA), a comprehensive consumer protection law that redefines what is considered personal information and how that information is handled, took effect January 1, 2020, impacting companies doing business in the Golden State. Text of the CCPA can be found here. The CCPA places new requirements on a wide range of businesses that interact with the personal information of Californians regarding the collection,…READ MORE

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