Uniform Commercial Code Filings (UCC)
When an applicant pledges collateral on a loan, Uniform Commercial Code (UCC) filings tell you whether others have filed a claim against the same collateral. The HireSafe UCC filings searches for records filed with the respective Secretary of State. The UCC online search delivers the: File number; Debtor's name and address; Secured parties' names and addresses; Collateral description (e.g., equipment, real estate, inventory) and Amendments, terminations and continuations.
Common uses:
- Used in all industries where debt evaluation is needed
- To detect claims against the same collateral
- To cast a broader search to ensure that all past actions are unveiled