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Document expiration dates and collateral perfection

Question: 
Why are document expiration dates important for collateral perfection?
Answer: 

Tracking expiration dates is key for ensuring the timely collection of updated documentation, including documentation required for collateral perfection. Rather than waiting until the document is about to expire, financial institutions should implement processes for proactively anticipating potential exceptions to support ongoing collateral perfection activities.

Learn more about
collateral perfection and risk management.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 04/14/2024

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