Smart lenders like you know that protecting and perfecting their interests in assets is essential to sound lending. You spend considerable effort conducting due diligence on your borrowers through Uniform Commercial Code (UCC) searches. Filing the UCC financing statement is just the beginning. A filing is an importing milestone, but not the end of the journey. The process of maintaining protection must continue.
So many factors can potentially put a lender's interest in assets at risk. it's essential to stay aware of changes that can impact one's position. All of the efforts that go into an initial UCC filing can be for naught if those filings are not continuously tracked to keep them current.
