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UCC Filing Use Cases

Question: 
What are common use cases for UCC filings?
Answer: 

A UCC financing statement is needed when money is being borrowed against collateral that does not have a physical deed or title. Common use cases may include agricultural crops, manufacturing equipment, livestock, accounts receivable, and inventory.

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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

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