Does a factoring agreement create an interest in after-acquired property?

Written by Lien Solutions
Date March 2018

In most UCC-related activity, there are four main components at play: The borrower, the lender, the collateral, and the jurisdiction. Simple and universal, except when it’s not.

 

When even the right name is wrong on a financing statement

Written by Lien Solutions
Date March 2018

In 2013, the 2010 Amendments to Article 9 took effect. Among other provisions, the amendments provide that a driver’s license (or state-issued I.D.) is the correct source for determining an individual debtor’s name for a financing statement. With the idea of there being an exception for everything in mind, a recent court case was faced with the question of what to do if the driver’s license has two names on it.

 

Illinois State Tax Lien Registry Should Change the Way You Do Due Diligence

Written by Lien Solutions
Date February 2018

By now you may have heard of the State of Illinois’s new State Tax Lien Registration Act (“STLRA”). This legislation affects your due diligence process and the filing location of Illinois State Tax Liens.

 

Importance of the Correct Debtor Name in Agricultural Liens

Written by Lien Solutions
Date January 2018

A recent Texas court case once more brought to light the significance of getting the name of a debtor correct on an agricultural lien UCC filing. The decision, which came in December of 2017, found that information added to the debtor’s name rendered financing statement seriously misleading.

 

Blockchain 101 Part 3 – From Theory to Action

Written by Lien Solutions
Date January 2018
In News

Blockchain technology has a lot of promise to streamline and even revolutionize the processes in various financial applications.

 

New Bankruptcy Rules Go Into Effect

Written by Lien Solutions
Date January 2018

Learn what changes took effect on December 1, 2017, to the Federal Rules of Bankruptcy Procedure.

 

Auto Loan Delinquencies are on the Rise – and that means more paperwork for lenders

Written by Rick Vanko
Date December 2017
In News

Repossession affidavits are a part of recovering on a defaulted auto loan, yet they’re rarely discussed.  Here’s what you need to know.

 

Mortgage lending’s future will be driven by fintechs

Written by Lien Solutions
Date November 2017

Straddling the line between present and future is never easy.  Fintech’s role in the future of mortgage lending requires our attention to stay on firm footing.

 

Blockchain 101, Part II – Industries and Applications

Written by Nasser Ansari
Date November 2017
In News

Imagine you are an asset-based lender. After the loan closes you have constant visibility of the underlying asset (a tractor, for example) throughout its lifecycle. You are able to track the value of the asset and automatically feed it into your loan portfolio that constantly analyzes risk. If the value falls below a threshold the system automatically triggers previously agreed-upon adjustments in the contract minimizing the risk to your lending portfolio.

 

Motor Vehicle Lenders Need Greater Support

Written by Lien Solutions
Date November 2017

Lenders have been getting short-changed from motor vehicle title service providers who have been slow to understand the unique needs of lenders in the titling process.