Uniform Commercial Code Records Search
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
- To determine is a business has their inventory and or equipment pledged to secure a loan
- To determine if the sufficient assets exist prior to litigation