First American's EAGLE 9® UCC Policies

First American's EAGLE 9® UCC Lenders Insurance Policy insures:

  • Attachment, Perfection and Priority
  • Accuracy of Debtor's name
  • Against risk of loss of priority due to filing office errors - including mis-indexing and loss of prior Financing Statement "Gap" Coverage
  • Against loss due to incorrectly filed Termination Statements
  • Over competing claims of Lien Creditors
  • Previously uncovered risks (forgery, fraud, lack of capacity, gap, mis-indexing)
  • Protected Purchaser status retroactively
  • Ownership of pledged equity collateral
  • Equity collateral that is a General Intangible

Less Risk, More Confidence

First American's EAGLE 9® UCC Lenders Insurance Policy is the solution.

 

First American's EAGLE 9® UCC Insurance Policy for Buyers insures:

Meeting

  • Against Security Interests (consensual liens) that may have been placed against the acquired assets by a Seller
  • Provides ownership coverage in transactions where membership or other interests are being acquired
  • The assets being acquired at a foreclosure sale are free of liens

Less Risk, More Confidence

First American's EAGLE 9® UCC Buyers Insurance Policy is the solution.

 

First American's EAGLE 9® UCC Foreclosure Notice Insurance Policy:

  • Enables the foreclosing creditor under Part 6 of Article 9 to meet certain statutory requirements for a commercially reasonable notice

First American's EAGLE 9® UCC Vacation Interest Policy insures:

  • the lender against points overselling by the developer
  • the lender has a first priority position in the accounts of the developer
  • Contact the National Vacation Ownership Division of the First American Title Insurance Company for more information and to place an order.

First American's EAGLE 9® UCC Vessel-Under-Construction Policy insures:

  • secured creditor status of the financing buyer and provides "seamless" coverage during the construction of a vessel

First American's EAGLE 9® UCC NY Cooperative Interest Policy insures:

  • lien status of the Cooperative Interest (equity in the association and ground lease) in compliance with the NY non-uniform amendments to Article 9

EAGLE 9® Policies in Canada including Quebec:

Insure liens in personal property under the Personal Property Security Act in the Common Law provinces of Canada and under the Civil Law of Quebec.

 

 

 

"As with any insurance contract, there are exceptions, exclusions, and conditions to coverage contained in the policy. Some coverages may not be available in your area, or for your transaction, due to legal, regulatory, or underwriting considerations. Depending on the states involved, First American's EAGLE 9® UCC Insurance Policies are issued through either First American Title Insurance Company or First American Property & Casualty Insurance Company, members of The First American Family of Companies. Please contact us for further information."

 

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