4 FAQs about UCC Filings for Business Customers

June 11, 2022 | all 50 states

As an auto financing company, you have the right to file a UCC lien when a business customer acquires an auto loan through your company. This filing protects your interests if the borrower defaults on the vehicle loan, files for bankruptcy, or experiences some other type of financial misfortune. At Consolidated Automotive Services of Indiana, we’d like to share how a UCC filing can benefit your business.

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UCC Filings for Dealerships: What They Are & Why You Need Them

February 16, 2021 | all 50 states

While you may be familiar with UCC filings, it’s always a good idea to ensure you understand the importance of this financial statement. UCC, Uniform Commercial Code, is a set of laws designed to provide consistency across all 50 states on commercial and secured transactions, such as the sale of vehicles. If you are an auto dealership that provides financing services to your customers, you will most likely need to conduct UCC filings as part of your business. Consolidated Automotive Services of Indiana understands the ins and outs of UCC filings and why they are important to your vehicle dealership. Keep reading to learn more about UCC filings for your automotive business.

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