Risk Management Blog

First Corporate Solutions is pleased to announce the addition of Kansas, Montana, North Dakota, South Dakota and Nebraska UCC data and document images to our UCC library of states, available July 1st, 2015. Enjoy consistent search logic, advanced search tools, comprehensive report options, clear document images and a supporting portfolio to save and later retrieve your search reports and document images at no cost any time in the future. Log… >> READ MORE

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

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

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

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

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

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

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. --http://news.energysage.com/congress-extends-the-solar-tax-credit/ The… >> READ MORE

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

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