Community Bankers Association of Illinois

Spotlight on Services: UCC Search Risk – Terminated Financing Statements

When conducting a UCC search, be sure to carefully review terminated, but unlapsed financing statements. A financing statement may remain fully effective, even after the filing of a termination statement. The effectiveness of a termination depends on the filer’s authority. That authority cannot be determined from the UCC records.

For further information, contact:

Paul Hodnefield
Associate General Counsel
Corporation Service Company
(800) 927-9801, ext. 2375

Solutions from Services: Archives
A Simple Calculation 09/15/09)
Prevent Eye Strain (05/04/09)
Building Relationships with Existing Customers (06/01/08)
Retaining Your Most Profitable Relationships (04/14/08)
Make Your Credit Card the Card of Choice (02/14/08)
Print Smarter (12/13/07)
Maximize Your Computer's Efficiency (11/14/07)
Avoiding a Check Ordering Mistake (09/24/07)
Amending a Financing Statement (07/25/07)
What is a Dynamic Document? (06/16/07)
Dynamic Documents Tip #1 (06/08/07)
Tips for maintaining your currency equipment. (6/06/07)
A Tip to Manage Your Energy Costs. (4/26/07)
  800.736.2224 (IL) | 217.529.2265  
  DISCLAIMER: The association is not responsible for and has no control over the subject matter, content, information, or graphics when viewing links attached to this association's site.