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NCS COVID-19 State and County Updates
May 27, 2016
An article featured in the spring edition of Surety Bond Quarterly discusses the features and purposes of subcontractor surety bonds and subcontractor default insurance. Today we want to take a …
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September 22, 2015
The subjectivity in evaluating creditworthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to collateralize or “secure” their goods …
June 1, 2015
The UCC 2010 Amendment changes to Article 9 regarding the debtor name, state that when filing a UCC on a registered organization you must review the “public organic record” (i.e. …
March 11, 2015
1. Incorrectly Identifying the Debtor How difficult is it to identify the debtor aka your customer – significantly more difficult than it should be. The greatest obstacle with identifying your …
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 …
November 12, 2014
Perfection of a security interest involves drafting and executing a sound security agreement, properly filing a UCC Financing Statement and ensuring the filing complies with Article 9 of the Uniform …
June 30, 2014
The proper spelling of a debtor’s name on UCC Financing Statement is currently one of the most fervently litigated UCC issues. The UCC Article 9 registry system is designed to …
May 28, 2014
If a name change by a debtor makes a filed financial statement “seriously misleading,” UCC Section 9-507(c) states the financing statement will only be effective for collateral acquired prior to …
April 28, 2014
When preparing documentation to perfect a UCC filing, the requirements are often complex. Precise compliance with federal and state requirements is necessary to prevent a secured debt from being treated …
Education Center
Education Center
