The 2013 UCC Revised Article 9 Amendments Are Almost Here – Have no Fear! Part Three: Naming a Registered Businesses as a Debtor
UCC, Revised Article 9 Something
Some regular readers of the blog have mentioned that they are feeling a bit apprehensive about the changes to Revised Article 9. In response, FCS has started a blog series to break down the major points of the amendments and help eliminate some of the anxiety UCC filers may be experiencing.
This week’s topic is UCC Section 9-503(a)(1) which involves how to properly list a registered business as a debtor.
UCC Section 9-503(a) (1):… >> READ MORE
The 2013 UCC Revised Article 9 Amendments Are Almost Here – Have no Fear! Part Six: New UCC1 Financing Statement and UCC3 Change Statement Forms
UCC, Revised Article 9 Something
The 2010 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. Some FCS customers and regular readers of our blog have expressed apprehension about the impending changes and have requested additional information. In response, FCS has started a blog series to break down the major points of the 2010 amendments and help eliminate some of the anxiety UCC filers may be feeling… >> READ MORE
The 2013 UCC Revised Article 9 Amendments Are Almost Here – Have no Fear! Part Five: Naming an Individual as a Debtor, Options A and B Explored
UCC, Revised Article 9 Something
The 2013 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. FCS has started a blog series to break down the major points of the 2010 amendments and help eliminate some of the anxiety UCC filers may be feeling about the changes.
Last week, we discussed what many consider the most welcome and most broadly applicable change included in the proposed amendments: changes… >> READ MORE
The 2013 UCC Revised Article 9 Amendments Are Almost Here – Have no Fear! Part Four: Naming an Individual as a Debtor
UCC, Revised Article 9 Something
The 2010 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. Some regular readers of the blog have expressed apprehension about the changes and have requested additional information. In response, FCS started a blog series to break down the major points of the 2010 amendments to help eliminate some of the anxiety UCC filers may be feeling about the changes.
As we have… >> READ MORE
First Corporate Solutions Revised Article 9 Amendments Resource Page is Now Live
UCC, Revised Article 9 Something
The 2010 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. Some FCS customers and regular readers of our blog have expressed apprehension about the impending changes and have requested additional information. In response, FCS has created a resource page as a one-stop shop to answer all of your RA9 amendment questions!
Visit our RA 9 Resources page here http://info.ficoso.com/ra9_resources … >> READ MORE
Updated 2010 Revised Article 9 Amendments Resource Page
UCC, Revised Article 9 Something
The 2010 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. Some FCS customers and regular readers of our blog have expressed apprehension about the impending changes and have requested additional information. In response, FCS has created a resource page as a one-stop shop to answer all of your RA9 amendment questions!
Visit our RA 9 Resources page at http://info.ficoso.com/ra9_resources … >> READ MORE
Free eBook Offer: Important Revisions to Article 9’s UCC Rules Regarding Individual Debtor Names
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Attorney Bennett Cohen writes:
“The 2010 Amendments to the Code for filing against individual debtors were supposed to bring clarity for secured parties (and in some respects there is more clarity). However, these new filing rules, in my opinion, may bring more complexity and uncertainty for secured parties going forward in terms of both filing and searching against individual debtors due to the risks described in this article and the… >> READ MORE
[Important] Notice of Change – New UCC Filing Forms
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Beginning July 1, 2014, California state law requires use of the revised forms below to be accepted for filing. The following revised UCC filing forms are available on the Secretary of State's Forms and Fees webpage found here:
http://www.sos.ca.gov/business/ucc/forms.htm.
Here is a list of the revised forms:
UCC Financing Statement (Form UCC1)
UCC Financing Statement Addendum (Form UCC1Ad)
UCC Financing Statement Amendment… >> READ MORE
How to Protect Your Client List From UCC Secured Party Searches
UCC, Services / System Update, Online UCC System, Revised Article 9, Reduce Financial Risk Something
UCC searching and filing service providers go to great lengths to keep their customers’ data secure. Technology and in-house procedures provide safeguards to keep your data protected from outside sources. Since service providers, along with state and county filing offices, are the gatekeepers of public records containing transactional information, this is good thing. The nature of the Uniform Commercial Code, however, exposes an important… >> READ MORE
What’s the Difference Between an “Active UCC Filing” and an “Effective UCC Filing?”
UCC, Due Diligence, Revised Article 9 Something
The Uniform Commercial Code contains many terms and phrases that are esoteric to the commercial lending industry—they have a very specific meaning within the code. The definition can be crucial to your due diligence efforts, so it’s important to know the difference. One instance we’ve come across is the difference between an “active UCC filing” and an “effective UCC filing,” which can have an affect on your due diligence.… >> READ MORE
