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04-17-2013, 10:09 AM #11A forum user
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Of course they do, but there is a greater tendency these days to use a shell corp for filing so that UCC hunters don't find them. Also, some UCC Filing companies will actually put themselves down as the secured party for a fee and then sign some backwards contract with the funder where they are the designated agent of the real secured party. That really throws UCC hunters off but it also confuses the heck out of competing underwriters, competing funders, and lawyers.
Originally Posted by CO1
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