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UCC Meaning

Question: 
What does “UCC” mean?
Answer: 

In banking, the abbreviation "UCC" stands for Uniform Commercial Code. A UCC filing records that a customer's asset is being used for collateral. Lenders file UCC filings to document liens on property or equipment.

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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

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