Skip to content

Filing UCC Continuations

Question: 
Why must banks track UCC continuations?
Answer: 

Lenders file continuations (usually every five years) before UCC filings expire in order to retain first position on a lien. Many banks use spreadsheets and ticklers to keep track of upcoming UCC expiration dates. Some document management systems automatically alert users at least 90 days in advance of expirations to ensure proper action is taken.

______________________
Continue reading about UCC tracking.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 11/22/2020

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics