UCC Insurance Policy coverage
can increase the speed and efficiency of
the closing, eliminate the need for additional
legal counsel, and provide gap coverage and
other risk-mitigating security for buyers,
sellers, and lenders alike, including security
interest priority protection typically not
available in an opinion letter.
| Our Value-Added Services
Include: |
- Lender insurance for the attachment,
perfection, and priority of security
interests in personal property
- Equity ownership insurance
- Buyer protection against any security
interest in acquired assets, prior
lien creditors, and tax liens
- Qualified outsourcing of UCC financing
statement preparation, filing, and
tracking of lapse date
- Informed experts on the complexities
of UCC Revised Article 9
- Protects the Lender’s Security
Interest in Loan Secured by Non-Real
Estate Article 9 Collateral
- Insures Attachment Perfection and
Priority
- Protects Against Documentation
Defects and Filing Office Errors
and Omissions
- Insures Validity and Enforceability
- Provides for Defense Costs and
Indemnification
- Insures Capacity/Authorization
of Borrower
- Covers Fraud and Forgery
- Policy “Travels” with
Loan
- Includes UCC Search & Filing
Services
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