Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

[On-Demand Webinar] The Basics of Lien Priority

UCC, Due Diligence, Events & Tradeshows Something

It's time to refresh your lien knowledge. Join us this week to learn more about lien priority. The Basics of Lien Priority Duration: 60 Minutes Webinar Description Mastery of lien priority is critical in today’s high stakes, fast-paced world of commercial transactions. Whether you’re new to the industry or an industry veteran, you won’t want to miss this presentation by Texas attorney Bradley B. Clark on lien priority. Questions? Contact… >> READ MORE


FCS Online UCC and Lien Search System Adds Arkansas, Maine, Vermont and Wyoming

UCC, Services / System Update, Due Diligence Something

We are delighted to announce we have expanded our online UCC and lien search system to include Arkansas, Maine, Vermont and Wyoming. Starting Monday, March 31, active users may log on to ficoso.com and search our reliable data obtained directly from the states. These new states add 1,407,279 UCC and lien documents to our online system. Use our broad-based search engine to locate liens by debtor name or file number, then use our… >> READ MORE


Tips for Effective UCC and Lien Searching

UCC, Online UCC System, Due Diligence, Reduce Financial Risk, Tips Something

The simple purpose of UCC and lien searching is to minimize your lending risk by accurately informing your lending decisions. UCC and lien searching is not a black or white process, however; the quality of your search results plays a essential role in helping you to determine that risk. If for any reason your search results are inaccurate or incomplete, your effectiveness in mitigating your lending risk is diminished. Read on for tips… >> READ MORE


How to Choose a Monitoring Program for Asset-Based Lenders and Factors

UCC, Due Diligence, Reduce Financial Risk, Tips, Lien Monitoring, Events & Tradeshows Something

In honor of the 2014 Factoring Conference, we compiled some of our favorite tips on choosing a lien monitoring solution, a service that all asset-based lenders and factors need to help mitigate risk. Here is a quick ‘stress test’ you can give your lien monitoring approach to see if it’s up to scratch. Does your lien monitoring program… Quickly Alert You of Federal Tax Lien Filings? Many creditors consider Federal Tax Liens the… >> READ MORE


Control Agreements Effect on Priority Position

UCC, Due Diligence, Reduce Financial Risk Something

This is a guest post from 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. Control Agreement for Pledged Deposit Account: Does the depository bank need to subordinate its security interest in the pledged deposit account to a lender's security interest granted in the pledged deposit account? Answer:… >> READ MORE


Why Search for Tax Liens and Judgment Liens?

UCC, Due Diligence Something

The short answer is that searching Tax Liens and Judgment Liens while conducting your due diligence might save you money and hassle, but let’s back up and explain the reasoning. The first thing to understand is that both Tax Liens and Judgment Liens have priority relative to other types of liens, such as a UCC, based on the date of its filing, and this affects your ability to collect. For example, if your debtor has an outstanding Tax… >> READ MORE


Have You Secured Your Position?

UCC, Due Diligence Something

Our guest contributor, Natalie Follmer of RMP Capital Corp, shares with us this week how to perfect a security interest and secure your position as a secured lender / factor. In the funding world, UCC financing statements are essential in doing business.  They are a vital piece to the puzzle and can cause major problems if filed incorrectly.   When it comes to perfecting a financing statement, there are many items to consider and it’s… >> READ MORE