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Originally Posted by Moorish Empire
the purpose of doing the llc as ur secured party is to do business with the u.s. how other soveriegnsdo business with the u.s. through their corporations ex china,canada,mexico ect. thats the concept behind opening a llc and using it with ur ucc1
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UCC in a business situation is a debt instrument you can take to the bank and draw against, you first do a debtor search to find out the status of the subject,
if they are within certain bounds you can safely contract
with certain extra perks.
A basic example would be Dave's Used Cars LLC
using a UCC filing then takes that filing to his bank
for quick cash while you make payments to Dave's cars
for the next five years.
a debtor search is different then a credit score,
it is used to find out if the party owns,or is owned.
This type is of no use in other area's, it is similar to the difference between "California State", and "The State of California".