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QUICK TIP: Performing Lien Searches on Individual Debtors

April 18, 2013 UCC

When coordinating pre-funding due diligence searches , there can be a lot of ambiguity in determining what name to search for an individual debtor. Think of all of the variations there could be of a person’s name:  nicknames, people that go by their middle names rather than their first, former names due to a marriage or divorce, hyphenated or dual last names – all of these variations make it tough to be certain you are searching to cover all of your bases.

This is why it is good practice to perform lien searches to reveal filings under all known name variations. So if an applicant sometimes goes by Robert and other times by Bob, it’s a good idea to search to include both names in your search effort. If your applicant recently married or divorced, it’s in your best interest to search for both names since there could be active liens filed under either name.

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