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Free Webinar Thursday! Protect Yourself In Memo Transactions October 25, 2021 (0 comments)
Warwick, RI—Vendors who send jewelry out on memo can be put at risk if the customer files bankruptcy with the goods in hand. Filing a Uniform Commercial Code (UCC) protects the vendor and goods, but many jewelry businesses don’t take this step, finding the process too cumbersome and expensive when lawyers get involved.
That all changes with the Jewelers Board of Trade’s new UCC filing service with CLAS. A free webinar with JVC and CLAS will be held on October 28 at 2:00 PM eastern time, to explain the risks with memo goods and how to protect them.
In just minutes, a UCC can be filed electronically in 47 states, for less than half the fees charged by a lawyer. JBT members will have the option to file PMSI for a modest additional fee, and will have access to an online portal to track status.
JBT president Erich Jacobs says, “The current process for filing a UCC is too time-intensive and expensive. Our new program takes the pain and high cost out of the equation entirely which ultimately makes this a no-brainer for our members.”
To learn more, register here or contact Brenda Gamba, (401) 996-6752; bgamba@jewelersboard.com.