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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

First Corporate Solutions Releases Online System Enhancements

Online UCC System Something

Effective April 1, 2015, FCS registered online users will be able to experience the following system enhancements. [caption id="attachment_2679" align="aligncenter" width="961"] New Certified Search Option[/caption] New Certified Search Request Capability Added to your search results screen to provide fast and efficient ordering of certified UCC searches. Streamlined Ordering and Document Downloads Reduced number of clicks to order… >> READ MORE

Application Programming Interfaces for UCC – Are All API for UCC Alike?

UCC, Online UCC System, Due Diligence 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… >> READ MORE

Practical Management Of Attorney Prepared UCC Filings

UCC, Online UCC System Something

The next best thing. We’re always looking for it. What is it? Look at Fintech and its explosive impact on the lending community for a real time example of an industry being flooded with a river of what’s next. Same is true in the service industry community. What’s the next best thing? Who’s got it? How can I get it? Check out the FCS Compliance Control Program, an integrated lender-law firm portfolio management service that… >> READ MORE

Do Similar Names and Name Variations Matter?

UCC, Online UCC System Something

To perfect a security interest with a UCC filing, the simple act of filing your lien is not enough. You have to do it correctly. There are specific guidelines to follow, including how to determine the specific debtor name or names to include on your UCC. But these specific naming guidelines are not extended to others who also file liens in the public record, others like the IRS and State taxing agencies, or even individuals filing judgment… >> READ MORE

Time To Choose A UCC Portfolio Manager? Here Are Some Tips To Consider

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

Is your UCC portfolio growing? Are your UCC management processes growing with it? Are your current UCC solutions able to scale to support your success? For example, have you ever missed the window for filing a UCC3 Continuation, and thus lost your perfected security interest? Are you still managing your UCC portfolio from a spreadsheet? Are you still filing direct with Secretary of States which require you to understand and navigate each… >> READ MORE

Do You Request A Search To Reflect On All Your UCC Filings? You May Want To

UCC, Online UCC System, Tips Something

A search to reflect, also referred to as a post-filing verification search, is a search of the UCC records of the office where you filed after your UCC filing has posted to the index. It confirms proper indexing of a UCC filing and verifies its priority position relative to other creditors, important benefits of a search to reflect. When to perform a search to reflect on your UCC is key. Since you have to wait for the filing index date… >> READ MORE

Solar Boom Continues Upward Trajectory

UCC, Legislation, Online UCC System Something

Last year, Congress' approved 2016 federal spending bill included an extension of the solar panel tax credit. Homeowners, solar companies, and industry advocates alike were given a big Christmas gift in 2015 when Congress approved the 2016 federal spending bill and extended the solar panel tax credit. The December 18 bill contained a 5-year solar tax credit extension, which makes solar more affordable for all Americans. -- The… >> READ MORE

First Corporate Solutions Releases New York and Alabama UCC Online Data

UCC, Services / System Update, Online UCC System Something

First Corporate Solutions is pleased to announce that we have released both Alabama data and New York data with image library to our online UCC search system (images not available in Alabama). Effective immediately, users can search our reliable and current indices for Alabama and New York UCC data including an expansive library of clear, downloadable document images for New York. In addition, we’re excited to include the following… >> READ MORE

Solar Installations and Security Interest Perfection: What To Do?

UCC, Online UCC System, Due Diligence Something

In a recent blog post we discussed the solar power boom that is occurring across the United States and abroad, and domestically how Congress’ extension of the solar tax credit will help to continue fueling the boom. Financing solar installations is an evolving process, with solar financiers typically offering three solutions: leases, power purchase agreements (PPAs), and loans. Many solar financiers today offer at least the following… >> READ MORE

Fixture Filing Perfection Of Your Solar Installation Security Interests

UCC, Online UCC System, Due Diligence Something

Over the last few weeks, we’ve blogged about the solar installation boom and the options available to solar financiers to perfect a security interest on their solar panel installations. The filing of fixtures is one such option and utilized actively when perfecting residential solar panel installs. For fixture filings, a legal description of the property is needed on the financing statement to disclose where the fixture is to be. Fixture… >> READ MORE