UCCXpress

By: Paul Hodnefield, Esq. Secured parties sometimes get confused about the different options for perfecting a UCC Article 9 security interest in fixtures. Any confusion in the process can have significant repercussions, because the secured party’s choice of perfection method

By Paul Hodnefield, Esq. The purchase-money security interest (“PMSI”) is a powerful tool that enables lenders to take priority over the holders of prior perfected security interests that cover the same collateral. Those lenders seeking to obtain a PMSI often

By Paul Hodnefield, Esq. | Associate General Counsel for CSC® Those who file UCC records often provide the required collateral description on an attached schedule or exhibit rather than the designated field on the financing statement. This well-established and accepted

Court Finds Debtor’s Signature Not the Name “Indicated” on Driver’s License Paul Hodnefield | Associate General Counsel for CSC® Since the 2010 Amendments to Article 9 took effect in 2013, those who file UCC records have largely relied on the

Text Added to Debtor Name Text Rendered Financing Statement Seriously Misleading By Paul Hodnefield, Esq. Filers sometimes use the debtor name field on a UCC financing statement to communicate information about the debtor, such as debtor’s capacity or other facts

Unauthorized UCC3 Termination Statement did not Support Tortuous Interference Claim By Paul Hodnefield, Esq. Nothing gives a secured lender heartburn faster than learning that someone has allegedly terminated its financing statement without permission. The lender will often assume that the

By Paul Hodnefield, Esq. In general, UCC Article 9 requires security interests in motor vehicles not held as inventory to be perfected under state certificate of title law. Normally, this means the secured party must have its lien noted on