March 18, 2025
The Difference Between UCC-1 and UCC-3 Filings: What Lenders in New Jersey Need to Know
When lenders in New Jersey extend credit to businesses, they often rely on UCC (Uniform Commercial Code) filings to protect their financial interests. These filings establish a lender’s legal claim to a borrower’s collateral, ensuring that if the borrower defaults, the lender has a right to seize the assets. Two essential types of filings under…
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