Unsure About Using a Third-party for UCC Searches? Consider These Points Before Going it Alone

As a lender, you no doubt have enough data on your customers to fill several laptop computers, but are you sure it is 100 percent accurate?

Community or regional banks using an in-house Uniform Commercial Code (UCC)-search program will find a landscape dotted with complexities. Dozens of companies provide this service for a fee yet working directly with secretaries of state can be a cost-effective alternative. There are plenty of reasons to assume that a UCC search is fairly easy to perform.

Before you start, however, there are a few points to ponder first to determine if an in-house campaign will actually save you time and money, or lead to more hassle than it’s really worth.

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Unsure About Using a Third-party for UCC Searches?