We are a debt collector. How do we reach a banks civil departments to serve them with a UCC-1?
Where can I access the California UCC Filing System?
What types of one-time events are tracked in tickler files?
How are ticklers used in lending departments at banks?
What is exception automation?
I have a commercial loan with collateral as "operating interest in wells." Do we need a mortgage, UCC or both to perfect a security interest in this?
Also, is this collateral even considered real estate collateral?
If we have a customer that has their business registered with the Delaware SOS however they live in ND, do we need to produce two separate security agreements, one for each state? I noticed this changes in the governing law section of LaserPro documents.
When we have a borrower in one state but their collateral is located in another state, we will file a UCC where the debtor is located.
Some Lenders want us to file in both states just to be safe but then that posed the question, should we be preparing two separate security agreements, one for each state as well?
Also, if we have a borrower that has collateral in both states we have been just preparing one security agreement where the borrower is located and still filing two UCC's but we think we should be preparing two separate ones in this case also?
I have a question regarding the Collateral Change field on a UCC Amendment. If the "Restate Covered Collateral" box is checked, does this intend to replace all prior collateral descriptions?
Is it necessary to file a UCC 1 financing statement when the bank takes a promissory note secured with real estate as collateral? We will file a Collateral Transfer of note and lien in the real property records.