Copyright © 2002-2005 UCCPlus
All Right Reserved


*NEW*
Industry News; Q3, 2008

Industry News; Q2, 2008

"Opting In" to Article 8 And Other Mezzanine Financing Best Practices

Fidelity National Financial Introduces New Risk Management Program

Time-Tested Title Insurance Emerges as Risk Management Tool for Secured Lenders

New coverage Emerges as Major Factor for Lenders and Outside Counsel"

UCCPlus Product Information, 4th Quarter 2005/1st Quarter 2006

Reduce Costs, Eliminate Risk, Enhance Value

Sprink Summarizes Advantages of Fidelity's UCCPlus Program, May, 2005

Broader Coverages, Narrower Exclusions and Better Pricing

UCCPlus:
Means Business

UCCPlus:
Going the Distance With Commercial Title Coverage

UCCPlus: Recent Mezzanine Insurance Policies

UCCPlus: Strength of the Industry Leader

UCCPlus: What Our Customers are Saying


"Tom Brokaw was the keynote speaker at the 2007 Annual Commercial Finance Association conference that took place in Phoenix, Arizona. Theodore H. Sprink, Senior vice President and National Marketing Director for Fidelity National Financial's Risk Management Group, serves on the Advisory Board of the CFA Education Foundation."

Theodore H. Sprink
Senior Vice President
Phone: 619-744-4410
Fax: 619-544-6289
Email: tsprink@fnf.com

UCCPlus VS. Legal Opinion
Major-market loan transactions involving UCC security interests are often funded relying entirely on legal opinions as to the nature of the lenders rights in UCC collateral. The UCC collateral portion of a legal opinion is very limited and represents liability to outside counsel. Set forth below is a side-by-side comparison of the material differences between a UCC legal opinion and UCCPlus.

  Legal Opinion UCCPlus
Regulated Insurance Product No Yes
Supported by Claims Reserves No Yes
Supported by Published Independent Financial Strength Rating No Yes
Protection as to Legal Costs to Defend Lender's UCC Security Interest No Yes
Indemnification as to Loss of Collateral Value due to Improper Attachment, Perfection, or Priority of Lender's UCC Security Interest No Yes
Coverage as to Lender Priority, including "Gap Filings" No Yes
Coverage as to Search Report Inaccuracies No Yes
Coverage as to Authenticity and Authority of Document Signatories No Yes
Protection as to proper Attachment, Perfection, and Priority in All 50 States and the District of Columbia No Yes
Protection for the Entire Life of the loan benefiting Original Lender and all Successors-in-Interest No Yes
Coverage where Borrower's Rights in the Collateral are Insufficient to Support Lender's UCC Security Interest No Yes
Coverage as to Receipt by Borrower of "Value" Sufficient to Support Lender's UCC Security Interest No Yes
Coverage where Perfection is Obtained by a Method Other Than the Filing of a Financing Statement No
No Yes

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