Uniform
Commercial Code Records
(National availability)
UCC filings are usually recorded when
personal property (including business personal property) is used to
secure loans, or on leases. UCC filings can be sources of information on
banking relationships, lending institutions or creditors, and can lead
to the location of assets, or can identify liabilities. For these
reasons UCC filings are a standard component of Asset Checks or Background
Investigations.
| Tip: It can be a violation
of state law, federal law, and banking regulations to obtain
bank account information by pretext or other surreptitious
means. Beware of anyone offering access to private financial
records who will not also disclose the means by which the
records are obtained. One legitimate way to identify possible
banking relationships (assuming a loan is made) is to check UCC
filings. |
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2005 Factel, Inc.® |
