A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower’s collateral in the case of default. UCC filings can cover a specific piece of…
The article What Is a UCC Filing? originally appeared on NerdWallet.
https://www.nerdwallet.com/article/small-business/ucc-filing
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