Here's what you need to know about a UCC filing and your business. A UCC filing, the unofficial name for a UCC-1 statement, is a notice that commercial lenders can add to a business credit report ...
A UCC-1 financing statement is a type of UCC filing that a lender files with the borrower’s secretary of state to formalize—or perfect—its right to underlying loan collateral. By doing so ...
A non-conforming existing UCC-1 financing statement will, however, need to be amended (by filing a UCC-3 amendment statement) to reflect the correct debtor name if the secured party wishes to ...
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