Risk Management: The UCCPlus Way, UCCPlus: Risk Management Solutions, UCCPlus: Managing Risk through change, UCCPlus: Solutions for Lender Risk, UCCPlus: Risk Mitigation, UCCPlus: Capital Protection, UCCPlus: Managing Risk in a Complex World, UCCPlus: Risk Management Solutions for High Performance, UCCPlus: Changing the Risk Landscape, No Surprises: The UCCPlus Risk Management Program, UCCPlus: Improving Your Economic Capital, UCCPlus: Improving Your Capital Productivity, UCCPlus: Preserving Capital, UCCPlus: insuring commercial loan transactions for proper lien attachment, perfection and priority
 
Home About Us Order Products Rates News & Events Contact Us
Title Insurance for Risk Management, Title insurance Emerges as Risk Management Tool, Office of the Comptroller of the Currency, OCC, Federal Deposit Insurance Corporation FDIC, Office of Thrift Supervision, OTS, Federal Reserve Bank, Federal Reserve System, Treasury Department, Tipping Point
News & Events
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

back to news