UCC Back-to-Basics Archives - Lien Solutions

With Lien Management, You Have to Ask Some Questions

Written by Lien Solutions
Date October 2017

Can’t decide between in-house lien management/lien perfection program or using an outside vendor?

 

Your Questions Answered: What is a UCC Filing?

Written by Lien Solutions
Date June 2017

Learn about UCC-1s, their function, how they can protect you, and how to manage your UCC1 Filings.

 

UCC Basics: UCC-3s

Written by Amanda Rasizzi
Date March 2017

What is the importance of searching for other lien types? In general, a four-part search should be part of any thorough due diligence investigation, and is critical to the “discovery” process. Can you imagine going to a closing having conducted only a UCC search, only to find after the closing that a tax lien was on the property just acquired?

 

UCC Basics: Fixture Filings

Written by Amanda Rasizzi
Date March 2017

As a lender, it’s in your best interest to perfect your stake in the borrowers’ assets. When your lien is on real estate, inventory, equipment, vehicles or investments, the method of perfection is clear. But securing your interest in a fixture is less straightforward.

 

The Importance of Debtor Name Accuracy in UCC Filings

Written by Tim Hall
Date March 2017

In this “Back-to- Basics” post we will discuss advanced due diligence strategies. Due diligence has always been a routine and essential part of the process of pursuing lending opportunities. However, in today’s volatile economic conditions, lenders are advised to take extra measures to protect themselves from losses.

 

When to Search Tax and Judgement Liens When Conducting Due Diligence

Written by Tim Hall
Date March 2017

In this “Back-to- Basics” post we continue our advanced due diligence focus on the non-consensual liens of tax liens and judgments liens. Tax and judgment liens ordinarily apply to the same types of property covered by UCC liens.

 

Monitor UCC Filing Activities

Written by Tim Hall
Date March 2017

UCC filing monitoring notifies a lender if another secured party tries to amend, continue or terminate the lender’s own UCC filing. It’s important to track any change to UCC filings which could undermine a lender’s position. Staying on top of this enables a quick response and can protect the filer’s interest. UCC filing monitoring is […]

 

UCC basics series #1: Fixture filings

Written by Amanda Rasizzi
Date February 2017

Have you ever wondered what a “fixture filing” is?  Learn more and see if filing a fixture filing is your right course of action.

 

UCC basics series #2: UCC-3s

Written by Amanda Rasizzi
Date February 2017

UCC Back-to-Basics Series UCC-3s are used in a variety of transactions, and they are a key part of life cycle of a loan.  Learn more about the how UCC-3s help you to secure your assets. A UCC-3 is defined as a filing used to make any changes to a UCC-1 filing, including continuing or terminating […]

 

The Importance of UCC and tax lien searches

Written by Amanda Rasizzi
Date February 2017

Mitigating risk is a key component of lending, and it requires you to learn as much as possible about a potential borrower. Whether they’re an individual or business, you need to know the value of their assets, cash flow, credit score, and — most importantly — existing liabilities. Discovering this requires an aggressive approach to […]