What is a UCC 1 and UCC 3? Are they bad?

If you are a business owner you may have come across what is called a UCC filing. There is no need for alarm if you discover you have UCCs filed on your business. A UCC-1 filing is a statement of fact that a lender has a claim to some of your business' collateral. A UCC-3 is an amendment to a UCC-1 filing. It may sound complicated, but it doesn't have to be.

[affordablevoices]

Short but good clarity on the process.

[siyamgaming]

Not many are willing to speak about the UCC! Bravo!

[shanellanderson]

If you file a UCC 1 AND 3 on a company, will it expire and will you have to go in and re file it? How can I check the company info to see if they have UCCs filed against them?

[bonnies]

How do you get the UCC removed from DNB after the lender terminated (UCC-3) it already with the State?

[brianlove]

Does UCC1-308 apply to contract that are for free services?

[shanellanderson]

In what indtances would you need to file a UCC 1 and UCC 3 on a company? If I start a business, why would someone file those on my business?

[javierruiz]

Good video, something we should know .

[bonniej]

If I'm not on a note but I have the house can I file you CC1 on them on the bank

[DavidLawrenceDaley]

Yeah except the lean leaves within a month because they sell the contract my dude which is a security, they sell, you lien your own vehicle, house, and discharge that thang my dude. All debts are obligations of the U.S. Corporation

[glassboi]

That ucc1 shi don’t even post unless is only shows up on biz credit ?

[lightnashadow]

$1 million trust every birth certificate. CESTUI QUE VIE ACT 1666.