The official-looking mailer from TX UCC Statement Service that falsely implies that businesses or individuals need a copy of the UCC-1 financing statement filed against them, is a scam. The scam mailer, Texas UCC Statement Request Form, tries to get Texans to pay $90 for the TX UCC Statement Service to request a copy of the UCC-1 financing statement on the debtor's behalf. The look and language used on this mailer try to trick borrowers into paying an excessive amount for a document they will most likely never need.
The TX UCC Statement Service Scam Mailer
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing sales and other commercial transactions. A UCC-1 financing statement is a legal form that a creditor files to give notice that it has the right to take possession of and sell certain assets belonging to the debtor for the repayment of a specific debt.
If you receive this scam mailer or have questions regarding the form, please contact your bank.