NACM's UCC Filing Services
UCC-1 Filing Program
NACM's UCC Filing Services handles every part of your UCC filing life cycle, including tracking jurisdictional requirements and expirations, calculating UCC filing fees, processing documents, writing checks, and submitting UCC filings—all within our comprehensive system. And filing a UCCs is only the first step with NACM. We will monitor all the UCC-1 filings in your portfolio for expiration or continuation, notifying you in advance of the deadlines so that you can take the appropriate action.
Service begins with the Financing Statement Filing Program. As part of the start up process NACM can break down your business and distribution channel to determine the most effective type of filing for your business. Getting started is easy, NACM can assist you in writing the two key pieces of documentation for filing, your security agreement and collateral description. Once written you're ready to file.
NACM prepares and files both Blanket and Purchase Money Security Interest Filings in addition to Consignments. NACM will assist you in getting started, all you'll need, after start up is the name, address and corporate structure of your customer. NACM will take it from there, Security agreements will be generated and emailed for signatures, checks are prepared and the filings are mailed or electronically filed in the appropriate offices. NACM will calculate and schedule all follow ups. Meeting Article 9's PMSI requirements can be a time-consuming, labor intensive process but if applicable searches are automatically initiated, notification letters are prepared, mailed and tracked. Once the process is complete, all receipted files are emailed to you. NACM' state-of-the-art technology is easy to learn. Complete your requests with confidence utilizing a simple single screen format. MLBS will maintain an electronic backup and provide reporting within the NACM UCC Filing Services system. The report includes UCC-1 expiration dates and UCC-3 filings. Reporting is provided at no additional charge.
NACM's UCC Filing Services provides assistance in the preparation of your continuations, amendments, partial releases and termination (UCC-3 Filings). Every time you make an entry into NACM's UCC Filing Service , it is added to your own personal database. Filing continuations, amendments or terminations with NACM is a simple search and click.
In order to avoid errors or potentially miss a continuation, it's advisable to have all your UCC Filings in one database. NACM's UCC Filing Service offers an optional Archiving Service for new clients that have pervously filed themselves or used another UCC service. Under the Archiving Service NACM will enter and monitor your previous filings in our database for a low flat fee.
It almost goes without saying that all creditors should track the lapse dates of financing statements in their portfolio. Prior to that lapse date, you need to make the decision of whether to continue that filing. If one slips through the cracks, allowing a financing statement to unintentionally lapse poses a serious risk to your ability to collect should the debtor default.
There is no need to budget a high dollar amount for UCC expiration tracking. In fact, NACM offers expiration tracking at no cost to customers who use NACM for UCC search and filing.
NACM's UCC Filing Services offers two montoring solutions, one for those that typically continue their filings and one for those that do not. For those that typically continue their filings special continuation fees are offered. Under both programs, monitoring is done for not charge and MLBS will send out push notification emails to up two two indivduals, an alert of a pending continuation. In addition you can easily track the expiration dates of your entire portfolio of UCC financing statement filings within the NACM system. To be specific, NACM will automatically notify you up to six months prior to your UCC filings' expiration dates. From this notification, you can quickly decide which UCC filings require continuation and which can lapse. You can even run your own expiration report at any time with our flexible reporting tools.
Cost of Program
It takes time and resources to calculate filing fees, request checks from your accounting department or to manage deposit accounts. By outsourcing your UCC filings to NACM's UCC Filing Services, you can eliminate this costly administrative process. From security agreement and collateral description preparation thru UCC-1 flings, amendments and continuations NACM can assist you in creating and managing your secured transactions anywhere in the United States.