Recorded Webinar - Accuracy is Everything: UCC Financing Statement Debtor Name Essentials

Join CSC for a free CLE webinar by Paul Hodnefield, associate general counsel, to learn about the importance of accuracy when filing UCC financing statements.

Providing the correct debtor name is the most critical part of the UCC financing statement filing process. Even the tiniest error can have harsh consequences for the secured party. Compliance with the statutory debtor name rules is crucial. Nevertheless, the rules are not intuitive and can be confusing. As a result, a surprising percentage of filed UCC records fail to provide the exact correct name of the debtor. This presentation explains the essentials that any UCC filer must know about filing UCC records under the correct debtor name. It covers basic concepts of the debtor name indexing system, the specific rules for debtor names and offers best practices for avoiding most debtor name errors. Attendees will learn:

• The impact of indexing practices on debtor name variations
• Statutory standards for sufficiency of debtor names generally
• Standard search logic function and limits
• Rules for correct name by debtor or collateral type

The presentation includes numerous examples of actual financing statements to illustrate the most common debtor name errors.