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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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.
Read MoreIs UCC E-Filing Right for your Organization?
May 03, 2016
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.
Read MoreThe ABCs of Post-Closing Due Diligence
March 15, 2016
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 priority
Top Tax Lien Searching Questions - Answered!
February 18, 2016
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:
Read MoreA UCC Search to Reflect: What is it? Why do I Need it?
October 22, 2015
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
Read MoreFive “Need to Know” Facts About Filing UCC Continuations
August 18, 2015
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.
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