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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Additional Provisions That Should be Contained in the Control Agreement

UCC, Reduce Financial Risk

You've made it to the final blog post in our series on control agreements for pledged securities accounts, written by attorney Bennett Cohen of Cohen, Salk & Huvard P.C. For more information about his law firm, please see the website here. This blog post series is informational in nature and is not intended to constitute, nor should it be relied upon as, legal advice to any recipient. Additional Provisions That Should be Contained… >> READ MORE


A Review of the Basic Filing Rules: UCC Financing Statements [Part 1]

UCC

Could you use a refresher on UCC filing rules? You’re in luck! This week, we welcome guest author, attorney, Bennett L. Cohen to the blog! Read on for the first installment in his three-part blog series detailing the basic filing rules under Revised Article 9 of the Uniform Commercial Code. A Review of the Basic Filing Rules: UCC Financing Statements It is vitally important that UCC filers understand and observe the basic UCC filing… >> READ MORE


A Review of the Basic Filing Rules: UCC Change Statements [Part 3]

UCC

Could you use a refresher on UCC filing rules? You’re in luck! This week, we welcome guest author, attorney, Bennett L. Cohen to the blog! Read on for the second installment in his two-part blog series detailing the basic filing rules under Revised Article 9 of the Uniform Commercial Code. It's vitally important that UCC filers understand and observe the basic UCC filing rules under the Uniform Commercial Code (the "Code") described… >> READ MORE


A Review of the Basic Filing Rules: UCC Change Statements [Part 2]

UCC

Could you use a refresher on UCC filing rules? You’re in luck! This week, we welcome guest author, attorney, Bennett L. Cohen to the blog! Read on for the second installment in his three-part blog series detailing the basic filing rules under Revised Article 9 of the Uniform Commercial Code. It's vitally important that UCC filers understand and observe the basic UCC filing rules under the Uniform Commercial Code (the "Code") described… >> READ MORE


A Factor’s Perspective on Pre-Filed UCC Financial Statements

UCC

Under Revised Article 9 of the Uniform Commercial Code, secured parties are permitted to pre-file UCC Financing Statements, meaning they may file their UCC document before official execution of the security agreement provided the secured party receives proper authorization from the borrower. This week, we welcome Steve Capper of Flexible Funding as a guest author on the FCS blog. In this piece, Steve offers some words of caution for borrowers… >> READ MORE


3 Tips for Choosing a Public Records Service Company

UCC, Corporate, Due Diligence

Many small businesses have an internal department that handles all of their public records search and filing needs. As businesses grow and due diligence requirements get more complex, most decide to enlist the help of a private service company to carry out their public records checks and requests. Deciding which company to entrust with your business can be a tough choice. Between nationwide and local vendors, there are hundreds (if not… >> READ MORE


Top 10 Things to Look for in a Title Search Company

Title Related Topics

Creating a title report is a complex and detailed process. It requires experience and industry expertise to craft a comprehensive report that you can trust to assist you in making decisions. Reliability 1. Does your search company keep their word? Do you get your reports when promised? 2. Do they have errors & omissions insurance? 3. How often do they communicate with you? If your work will be delayed, do they tell you before… >> READ MORE


Preserving a Mortgage Lien When The Property is Transferred

Title Related Topics

We continue our guest blog series with commercial lending attorney Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. You may also want to check out his eBook: Important Revisions To Article 9′s Rules Regarding Individual Debtors. Real Estate Transfer: If a lender discovers that its borrower/mortgagor has transferred ownership of the mortgaged property to a trust or other person or entity, does the lender need to do anything… >> READ MORE


First Corporate Solutions to Sponsor Bulk Sale Class, Exhibit at California Escrow Association’s 59th Annual Education Conference

Title Related Topics, Events & Tradeshows

FCS will host an exhibit at this year's disco themed "Don't Stop Believing" CEA conference, as well as sponsoring and presenting company news and information at the bulk sale session. The conference runs October 23-25 at the Hilton in Costa Mesa, with the bulk sale presentation taking place Saturday at 8:30AM. FCS will host booth #15 and will offer information on the available products and services, conference swag and a prize drawing. The… >> READ MORE


Tips To Maintain Your Perfected Security Interest

Reduce Financial Risk, Tips, Lien Monitoring

Considering all the effort and resources you put into qualifying your debtors and perfecting your security interests, it's good to know there are some excellent tools you can utilize to help maintain that priority and make your efforts pay off. Why go to all the trouble to investigate a potential new debtor’s credit worthiness, and decide to perfect your security interest by filing a Financing Statement in the correct jurisdiction, if… >> READ MORE