Quote:
Originally Posted by Peter_Spaeth
IMO a UCC filing is not necessary as a technical matter for reasons previously discussed at length, but it sure as hell cannot hurt, is inexpensive, and would make things cleaner should there be a problem. But to me that someone even needs to contemplate filing a UCC is a red flag that this is not a great idea.
|
Forgive me for not noting/bringing this up before, but isn't the idea and protection from such a UCC-1 filing then also technically applicable in the case of cards sent to a TPG for grading as well?
Obviously, this was much more pertinent during the recent height of the pandemic when cards were known to be in the possession of TPGs for in excess of a year in many cases. And even with the vastly reduced turnaround times TPGs have gotten back to today, there still exists the ever so faint risk one of them could suddenly go bankrupt (or maybe get raided and shut down by the FBI) and thus put one's recent submission at risk of not being promptly or properly returned. Any red flags for you there as well then?