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A UCC lien is a claim against your company’s assets. If your company fails to pay the loan, the lender will come after these assets to recover its losses. Types of unsecured business loans.
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Courts have uniformly rejected arguments relying on the strawman theory, [7] [8] which is recognized in law as a scam; the FBI considers anyone promoting it a likely fraudster, [9] and the Internal Revenue Service (IRS) considers it a frivolous argument and fines people who claim it on their tax returns. [10] [11]
The redemption movement is an element of the pseudolaw movement, mainly active in the United States and Canada, that promotes fraudulent debt and tax payment schemes. [1] The movement is also called redemptionism. [2]
The lender may also require a blanket Uniform Commercial Code (UCC) lien to be applied to your loan. This blanket lien secures the loan broadly with all business assets, rather than securing it ...
A false lien is document that purports to describe a lien, but which has no legal basis, or which is based upon false, fictitious, or fraudulent statements or representations. In the United States, the filing of false liens has been used as a tool of harassment and revenge in " paper terrorism ", often against government officials.
If you get an email providing you a PIN number and an 800 or 888 number to call, this a scam to try and steal valuable personal info. These emails will often ask you to call AOL at the number provided, provide the PIN number and will ask for account details including your password.
The most common method of perfection is through filing a financing statement (often referred to by its form number: UCC-1) in the appropriate state office (usually the office of the Secretary of State) in the U.S. state in which the debtor is located. See U.C.C. §§ 9-301, 9-310.