A secured party cannot relax after it perfects its security interest by filing a UCC financing statement. Ongoing diligence is essential, because subsequent events that affect the information provided in the filed financing statement could threaten the secured party’s ability to enforce its security interest.
During UCC Article 9 Filing Essentials – Post-Filing Considerations, we’ll discuss:
- Search to reflect
- Debtor name change
- New debtor
- Change in governing law