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State official says Tennesseans targeted by new scam | #phishing | #scams | #hacking | #aihp

NASHVILLE, Tenn. (WKRN) — Tennesseans received an alert from Secretary of State Tre Hargett on Wednesday about an official-looking mailer from TN UCC Statement Service that falsely suggests businesses or individuals need a copy of a certain financing statement filed against them.

“Our Division of Business and Charitable Organizations and I were recently made aware of a new misleading mailer trying to take advantage of Tennesseans,” said Hargett. “The look and language used on this mailer tries to trick borrowers into paying an excessive amount for a document they will most likely never need.”

According to a statement released on Wednesday, Sept. 21 by Hargett’s office, the Uniform Commercial Code (UCC) is a comprehensive set of laws governing sales and other commercial transactions.

Officials described a UCC-1 financing statement as a legal form that a creditor files to give notice that it has the right to take possession of and sell certain assets belonging to the debtor in order to repay a specific debt.

UCC-1 financing statements are reportedly common in Tennessee, with approximately 200,000 issued by the Secretary of State’s Division of Business and Charitable Organizations each year.

Wednesday’s news release states the alleged scam mailer — Tennessee UCC Statement Request Form — tries to get Tennesseans to pay $107 for the TN UCC Statement Service to request a copy of the UCC-1 financing statement on the debtor’s behalf.

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