The benefits of Auto Continuation

UCC liens expire after five years and need to be continued for loans extending beyond that date. Traditionally, continuation has been handled manually, with an employee or group assigned to monitor and act on pending expirations. iLien’s Auto Continuation solution uses technology to improve on this error-prone process and ensure that liens are monitored and automatically continued.

FAQs

  • How can Auto Continuation help me manage risk to my organization?
    All UCC liens expire after five years. And that means the protections associated with perfection expire as well. By ensuring that all necessary liens are continued, Auto Continuation makes sure that the risks associated with lapsed liens are avoided.
  • How can Auto Continuation enhance operational and financial efficiencies?
    Manual processes aren’t just error-prone, they’re time-consuming and expensive. They often require the assignment of employees who could be doing higher value work. Auto Continuation helps ensure that operations run smoothly, quickly, and with fewer errors — while lowering the costs of those operations.
Product features
person time management precise clock icon

Continuation

File a UCC-3 Continuation to extend a UCC-1 beyond the original five-year span.
person laptop check boxes operations finance managing contracts case management icon

Terminations

File UCC-3 Terminations to provide notice that a borrower has paid off a loan or other obligation.
letter signature pen paper written communication contract icon

Amendments

Let us help with debtor amendments, secured party amendments, and collateral amendments.

Contact Us