UCC CODES ON USURY

Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they are filed, and rightfully so. A recent case decided shortly before the end of 2016 highlights an important practical lesson about what words should be included in a UCC financing statement’s collateral description and why. […]

via “All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions — Commercial Finance Association Blog

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