CLASNotes Blog

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

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

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.

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.

Tax lien searching can be confusing. There are a lot of variables to consider and CLAS has found that our clients have questions. Here are answers to our most commonly asked questions on tax lien searching:

After filing a UCC Financing Statement or Amendment, a conscientious secured party will request a search to reflect their filing.  A search to reflect is a UCC debtor search of the office where you filed a UCC document, performed after your filing

In order to maintain a healthy UCC portfolio, a secured party must carefully monitor UCC lapse dates and file timely Continuation Statements when a debtor’s financial obligation extends beyond five years.