It can be difficult to understand the nuance of both filing and searching Uniform Commercial Code (UCC) financing statements (also known as UCC3s). Sometimes, filers could find the effect of their filed UCC3 to be different than intended. Other times, there are multiple amendment actions that can be taken to achieve the same effect on the UCC3 record.
The result is that this process can become cumbersome for both filers and those who interpret the record.
In this hour-long webinar, CSC Associate General Counsel Paul Hodnefield will seek to clear up the uncertainty surrounding the different types of amendments, their effect on the record, and the risks involved in the process.
Join us to learn:
- Background, use, and limitations of UCC3 records
- Best practices for completing UCC3 forms, written and electronic
- How to correctly interpret the effect of various amendment actions
- Tips for both filers and searchers to avoid amendment traps for the unwary