The Jewelers Board of Trade® (JBT), the jewelry industry’s leading provider of key business, credit, and trade data will host a webinar with the Jewelers Vigilance Committee (JVC) and CLAS on October 28th at 2:00 PM ET to explain the risks with memo goods and how to protect them.
For decades, JBT has been telling members conducting memo transactions they should protect their goods in the event a customer files bankruptcy by filing a Uniform Commercial Code (UCC). Many jewelry businesses don’t take this step – often finding the process too cumbersome and expensive when lawyers get involved. That all changes with JBT’s new UCC filing service with CLAS.
According to JBT, in just minutes, a UCC can be filed electronically in 47 states, for less than half the fees charged by a lawyer. Members will have the option to file PMSI for a modest additional fee and will have access to an online portal to track status.
“The current process for filing a UCC is too time-intensive and expensive,” said Erich Jacobs, JBT President. “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 or register to attend, click here.
Learn more about JBT at 401-467-0055, www.jewelersboard.com, or info@jewelersboard.com; CLAS Information Services at www.clasinfo.com and JVC at www.jvclegal.org.
