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Examining the Effect of a UCC Continuation Filed After a Termination

During the question and answer period following a recent CLAS webinar, Common UCC Filing Mistakes and How to Avoid Them, an attendee asked a great question. She asked, “When a UCC is terminated, what happens when the UCC is then continued before its[..]

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Reduce Risk! Be Sure to Include the Right Party Names on UCC Searches

When performing a UCC search as part of a due diligence investigation, it is imperative to search for liens under the right party names. Conducting searches under the incorrect names, excluding important parties from the search effort or failing to[..]

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Official or Non-Official UCC Search: Which is Right for Your Needs?

There are many options available for those who need a UCC search.  It is important to have a good understanding of the various types of UCC searches you can choose from so you can make an informed decision about which option best meets the needs of[..]

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Credit Agencies Cease Reporting Tax Liens and Civil Judgments

The nation’s three largest credit-reporting agencies: Equifax, Experian and TransUnion, have implemented new stricter standards for the reporting of tax liens and civil judgments.

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No Surprises: Minimize Risk with UCC and Corporate Debtor Monitoring

After filing a UCC Financing Statement, it is important to monitor the public record for changes. Changes in the public record reflect activity that may affect the status of your UCC filing and jeopardize your priority position to collect.

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The Value of the Five-Part Due Diligence Search

When vetting a potential borrower, it’s important that you learn everything you can about their financial history. Public record searches provide critical information about an applicant’s existing liens and other financial obligations that could

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3 Good Reasons to Include Similar Names With Your UCC Searches

When requesting a UCC search as part of a pre-funding due diligence investigation, do you ask your service provider to report filings found under similar names? What if you are self-searching using an online system, do you employ flexible

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Before You Ignore Those Terminated UCCs – PLEASE READ THIS!

When reviewing UCC search results as part of a pre-funding due diligence investigation, it may be your first inclination to ignore a UCC that has a termination listed, assuming that the UCC record is no longer a factor in determining priority.

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Is UCC E-Filing Right for your Organization?

These days, nearly every state filing office accepts some form of electronic filing (E-filing) for UCC documents, often either through xml transmission or a fillable web form. Some states are even beginning to mandate E-filing for UCCs.

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The ABCs of Post-Closing Due Diligence

After funding a deal and filing a UCC Financing Statement, it's critical  to keep an eye out for post-closing events that could jeopardize your ability to collect. CLAS suggests following the ABCs of post-closing due diligence to protect your[..]

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