Can’t figure out liens in ASPIRE? Filing of UCCs applies to transactions where assets are held as collateral to secure the deal. A lien is attached to the collateral assets through a security agreement that outlines the obligations of each party involved and is perfected by filing a UCC1 Financing Statement. Want to learn more? Click the link and login with your password. Once you have logged in, click Knowledgebase. Then you will click the ASPIRE v5 Help link. From there, click on the area for Contract Explorer. Look under the Tasks area and click Liens.
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