Risk Management Blog

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

First Corporate Solutions (FCS) is pleased to announce that we are releasing Hawaii, Louisiana, Michigan and Tennessee data to our online UCC search system. Effective Monday, November 21, users can search our UCC data indices for Hawaii, Louisiana, Michigan and Tennessee utilizing FCS' state-of-the-art search engine designed to uncover name variations and potential hidden liens. In addition, we’re excited to include the following… >> READ MORE

Direct B2B Interfaces for Public Records Transactions We blogged a quick overview of APIs a couple of weeks ago and noted how API technology has made its way into public records and UCC processes and procedures. But how? APIs for public records transactions include: UCC Search Business Entity Search UCC Filing Monitoring of Debtors' UCC/Lien activity and Business Entity changes Monitoring activity in US District… >> READ MORE

Are you a secured party? Do you perform lien searches, file UCCs and then monitor your perfected security interests to maintain priority? Solutions to streamline and improve UCC perfection processes continue to evolve and continue to improve your searching, filing and monitoring experiences. The latest? Application Programming Interfaces, aka APIs, are now center stage. You’ve heard the term probably, API. But what is an API anyway? Here’s… >> READ MORE

You have many options to perform a UCC lien search. There are certified searches that come directly from the filing office, state direct database searches that are available on a state’s website, and proprietary search systems that private service companies build and maintain. A while back, First Corporate Solutions published a blog series on evaluating state search options in which we discussed the benefits and drawbacks of each of these… >> READ MORE

Your due diligence calls for lien searches. Who should you target? What lien types should you search for? Where should you search for them? These are all fundamental questions whose answers help you better uncover your prospect’s financial situation and better evaluate their credit worthiness. You know it’s important to search the public record, to uncover existing financial obligations and encumbrances, to learn and know a prospect’s… >> READ MORE

Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you… >> READ MORE

Want to talk to a live person…need to talk to a live person? How many are you required to speak with, and repeat your story, before you finally get want you want and need (hopefully)? Perhaps you can login to a website and hunt answers to your questions, utilizing help desks and live chats, very useful depending on the issues’ complexities, or lack thereof. But even for login credential relationships, the true value of Customer… >> READ MORE

Can a secured party be liable for failure to file timely finance statement terminations? According to Section 9-625 of the Uniform Commercial Code, yes. There can be secured party liability for failure to file timely terminations. But first, let’s take a step back. In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a… >> READ MORE

The final installment in our Greatest Hits blog series covers state certified UCC searches, aka UCC11s. There are times when you might want to request a certified search, they do serve a purpose. But, because of their oftentimes narrow search logics which can inhibit a searchers ability to uncover name variations, thorough due diligence typically requires utilizing a broad-based search solution that is designed to uncover and include… >> READ MORE