Submitted by UCS on August 21, 2013

Why perform a UCC search to reflect?

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 an acknowledgment copy telling me it was filed. Isn’t that enough to ensure perfection and priority? Perhaps not.

Providing an accurate debtor name is the most crucial UCC filing requirement.  Data entry errors can make it difficult to locate a UCC filing and can put Secured Parties at risk.  Whether the error occurs in the original filing, or at the office of filing, it can be uncovered by conducting a UCC search to reflect.  If a mistake is found, it can quickly be corrected.  A search to reflect is the proper way of identifying a filer’s priority to collect on debts.  A search to reflect is a critical step in due diligence.  If your current practice does not include any sort of due diligence after filing you should seriously consider adding a search to reflect to your filing process.

Important Reasons for Conducting a UCC Search to Reflect

1.  Confirm the perfection of the filing

2.  Confirm the jurisdiction has correctly indexed both the parties and the information

3.  Confirm the priority of the filing

United Corporate Services, Inc. encourages you to make the search to reflect a final step in your UCC filing process.  On a daily basis, we correct our clients’ filings on the public record with the results of the search to reflect.

We offer a discounted package rate of $50.00 for a UCC filing and search to reflect.  In addition, if you would like United Corporate Services, Inc. to prepare your UCC financing statement for you, the discounted package rate will be $60.00.

We are here to assist you. Contact a Client Service Representative today for more information.