Uniform Commercial Code (UCC)

UCCs are an indispensable tool in the background checker's tool kit. 

UCC records are essentially financing statements. Their purpose is to document to the public that a given asset has been put up as collateral. That way, the owner can't use the same asset repeatedly as collateral. 

Banks, finance companies, and retailers, among others, file UCC statements with the county or Secretary of State whenever they loan money to someone who pledges an asset, like a boat or truck, as collateral, as well as when they finance equipment, say a washer/dryer or computer, thereby allowing the buyer to pay for it in installments. 

Background investigators put UCCs to at least two good uses: (1) finding bank accounts, and (2) finding people. 

The UCC itself may contain only limited background-type information -- but behind every UCC document (financing statement) is a credit application and a loan. 

The credit application usually will contain useful information. 

Thus when you find a UCC on someone, your next step is to obtain a copy of the credit application, or at least to obtain information from the application. This can usually be accomplished by calling the creditor's "Skip Trace Department" or credit department. 

Among other things, the credit application will almost always reveal the subject's bank. 

The UCC document can also help you trace the subject's whereabouts, since it will provide an address, phone number, and other identifying information, in addition to the information obtainable through the underlying credit application. (Even if the information on a UCC turns out to be obsolete by the time you find it, it can nevertheless open up new routes of investigation.) 

No background check is complete without a check of county or state UCCs. Today, this can often be accomplished online.

In the skip tracing business, UCCs are considered one of the best tools for locating people. Not only can they be used to find someone directly but -- even when this fails -- they're helpful as a pointer to someone who knows something about the subject. 

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