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September 14, 2020
Purchase Money Security Interest (PMSI) Filings were created to encourage trade creditors to sell goods on credit terms, specifically in situations when creditors may not be comfortable extending the requested …
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January 27, 2020
It’s part two of our three-part series of Commercial Credit Management Tips from NCS. Previously we provided favorite tips for Collections, today let’s review UCCs. You should always file your …
June 18, 2018
Compliance with Article 9 of the Uniform Commercial Code is critical to perfect your security interest. But, what happens if you comply with Article 9 and take the proper steps …
May 19, 2017
In a recent bankruptcy case, creditors are provided with yet one more example of why it’s important to conduct reflective searches on all UCC filings. In Davis Trust Co. …
October 18, 2016
Today’s contribution is authored by Ms. Katherine Earley, NCS Marketing Intern You go out on a limb and sell to a new customer. As an experienced credit professional, you …
April 26, 2016
What happens when you file a UCC-3 to continue your security interest and the county rejects the filing because “CONTINUATION ALREADY FILED ON 07/07/10 #091136583”? Ask for proof! In Signature …
November 25, 2015
Often times, we take for granted when a UCC is instantly recorded online that all is well. BUT how do you know your filing will actually show up on a …
January 9, 2015
Husch Blackwell LLP “When is a Typo in a Loan Document More Than Just a Typo?” “The Promissory Note referred to the Security Agreement. Unfortunately, the Security Agreement stated …
January 5, 2015
Obtaining a reflective search is the best practice to make sure the UCC Financing Statement or UCC change statement has been indexed accurately. What is a reflective UCC search? A …
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Education Center
