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The content here keeps you informed about the latest industry news and provides insight into frequently asked questions.
Submitted by UCS on April 15, 2022
In 2015, the International Association of Commercial Administrators (IACA) released the revised Model Administrative Rules, which include a specific section frequently referred to as “standard search logic.” One standard se...
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Submitted by UCS on December 13, 2021
Our guest blog post features an article written by Armstrong Teasdale Partner Jeffrey Wurst, who examines two standards of the UCC for collateral description. Mr. Wurst explains why lenders must exercise caution when intending t...
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Submitted by UCS on July 16, 2021
A UCC-1 Financing Statement is used by a creditor to provide notice that it has a security interest in the personal property of a debtor. Quite often when a UCC-1 Financing Statement is submitted, the participants involved are ide...
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Submitted by UCS on June 22, 2021
Searching for Federal Tax Liens is just one component of a thorough due diligence search. Understanding the “What” and the “Where” of the different areas of a “Full Lien Search” involves being able to successfully sort...
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Submitted by UCS on February 20, 2020
In part one of our series, we discussed how you should conduct and what to look for when performing UCC searches. Another very important item on your checklist should answer the following question: Are there any judgments or more ...
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Submitted by UCS on February 6, 2020
When I was growing up, if I wanted to find the answer to something, I would ask my parents and they would tell me to look it up. I almost always got annoyed because I knew that it meant I had to either get one of those dusty Ency...
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Submitted by UCS on September 2, 2015
Did you know these FIVE THINGS ABOUT FRAUDULENT UCC FILINGS? There are an ever increasing number of UCC filings being submitted by “Sovereign Citizens”. According to the FBI, “Sovereign citizens are anti-government extr...
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Submitted by UCS on April 16, 2014
Special thanks to Tara and Paula from our Dover, DE office for sharing the updated chart and map following Alabama Governor Robert J. Bentley’s signature on Senate Bill 28 addressing the Amendments to UCC Revised Article 9. ...
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Submitted by UCS on August 21, 2013
Best Practice: Search to Reflect Many of our clients ask us about searching to reflect after they file a financing statement. They are unsure of the purpose of this search. I filed it in the correct jurisdiction. I have ...
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Submitted by UCS on February 27, 2013
On February 14, 2013, the Governor of Wyoming signed House Bill 3 enacting a change to the effectiveness period of UCC financing statements. This extends the filing duration from 5 to 10 years. The change will come into effect o...
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