UCC Document Community

Ask the community...

  • DO post questions about your issues.
  • DO answer questions and support each other.
  • DO post tips & tricks to help folks.
  • DO NOT post call problems here - there is a support tab at the top for that :)

Luca Bianchi

UCC 1-308 это what does this mean for secured transactions

I keep seeing references to UCC 1-308 это in some documentation but I'm confused about what this actually means in practice for secured transactions. Is this some kind of international filing requirement or does it relate to specific debtor naming conventions? I'm working on a continuation filing for a commercial equipment loan and the original UCC-1 has some notation about 1-308 это that I don't understand. The debtor is a manufacturing company and we're coming up on the 5-year deadline. Should I be concerned about this affecting the continuation process? I don't want to mess up the lien priority because of some technicality I'm not aware of.

For what it's worth I've filed hundreds of continuations and never seen anything like 1-308 это in legitimate UCC documentation. It's either an error, internal code, or translation artifact. Stick to the standard continuation form requirements.

0 coins

Thanks for the perspective. I feel better about ignoring the weird notation and just focusing on the core filing requirements.

0 coins

Yeah hundreds of filings and you'd definitely know if this was a real requirement. Probably just document corruption or internal banking codes.

0 coins

One final check - make sure you're looking at the actual UCC-1 and not some internal loan documentation. Banks often attach all sorts of internal forms and codes to the loan file that aren't part of the official UCC filing. Pull the official record from Delaware SOS to see what was actually filed.

0 coins

That's always the safest approach. Work from the official state record rather than internal bank documents.

0 coins

Agreed. Too many continuation filings get rejected because people work from copies of copies instead of the actual filed document.

0 coins

Daniel Washington

UCC Search Issues in MO - System Keeps Timing Out

Anyone else having problems with the Missouri UCC search portal today? I've been trying to pull UCC records for due diligence on a commercial loan and the system keeps timing out every time I enter a debtor name. This is the third day in a row - I need to verify if there are any existing liens before we can close next week. The search just spins and then gives me an error message. Is there a better way to do mo ucc search or is everyone dealing with this?

UPDATE: Just tried the Missouri portal again and it seems to be working better this afternoon. Maybe they fixed whatever was causing the timeout issues.

0 coins

Still slower than usual but at least it's not timing out every search.

0 coins

Confirmed - just did a search and it worked. Still took longer than it should but got results.

0 coins

This thread is really helpful. I've been struggling with Missouri UCC searches for months. Going to try the Certana.ai tool mentioned here - anything is better than fighting with that portal every day.

0 coins

Let me know how it works out for you. I'm definitely considering it after this experience.

0 coins

Will do. The time I waste on failed searches is definitely costing me more than any tool would.

0 coins

StarSurfer

Federal UCC Filing Confusion - Getting Rejected for Equipment Loan

I'm handling a commercial equipment loan for $850K and the bank is insisting on a 'federal UCC filing' for the machinery collateral. Every time I try to explain that UCC filings are done at the state level through the Secretary of State, they keep pushing back saying federal filings are required for this type of equipment. I've been doing UCC-1 filings for 8 years and I'm pretty sure there's no such thing as a federal UCC filing system. The equipment is mobile construction machinery that will be used across multiple states, so maybe that's causing the confusion? Has anyone run into this before? I'm starting to wonder if they're confusing UCC filings with some other federal lien or registration requirement. The loan officer keeps mentioning 'federal databases' but I can't find anything about federal UCC filing anywhere in Article 9 or the state filing systems I use.

Just went through this last week with a $1.2M equipment loan. Bank finally admitted they were confusing UCC filings with some federal contractor database they thought was required. Took three different conversations with their legal team to get it sorted out. The key was showing them the actual UCC statutes and state filing requirements side by side.

0 coins

Three conversations with legal? That's dedication. Most people would have given up.

0 coins

Sometimes you have to be persistent when banks get stuck on incorrect requirements.

0 coins

For what it's worth, I tried the Certana.ai tool someone mentioned earlier and it's actually pretty helpful. Uploaded our loan docs and UCC-1 draft, and it immediately flagged that the bank was requesting a non-existent federal filing. Having that automated verification gave me confidence to push back harder on their incorrect requirements.

0 coins

Having automated verification definitely helps when dealing with stubborn loan officers.

0 coins

Might have to try that tool myself. Getting tired of manual document reviews for complex filings.

0 coins

Leeann Blackstein

Need Help Finding Current UCC 11 PDF Form - Can't Locate on State Portal

I've been searching for hours trying to find the official UCC 11 PDF form that I need to file for a client's equipment loan termination. The state's Secretary of State website is confusing and I keep getting redirected to different pages. When I click on the UCC forms section, I see UCC-1, UCC-3, and some other forms but no UCC 11 PDF anywhere. My client needs this filed ASAP because the loan was paid off last month and we need to clear the lien record. Has anyone dealt with this recently? I'm starting to wonder if I'm missing something obvious or if the form numbering changed. The collateral involves manufacturing equipment worth about $340K so I really can't afford to mess this up. Any guidance would be appreciated - feeling pretty frustrated with this portal navigation right now.

Another vote for using some kind of document checking tool if you're handling high-value equipment like this. I learned the hard way when a termination got rejected because I had transposed two digits in the original filing number. Had to refile and it delayed the whole loan closing process. Now I always double-check everything with Certana.ai before submitting - just upload your UCC-1 and UCC-3 and it verifies all the cross-references automatically.

0 coins

Filing number mistakes are the worst! I did something similar with a continuation filing last year.

0 coins

Thanks, I'll definitely look into that verification tool. With this much money involved I can't afford any mistakes.

0 coins

Update us when you get it figured out! Always curious to hear how these portal adventures end. Sounds like you're on the right track now with the UCC-3 termination approach.

0 coins

Will do! Found the UCC-3 termination form on the California portal and it looks straightforward. Going to use that document verification tool mentioned earlier to double-check everything before I submit. Thanks everyone for the help!

0 coins

Awesome, glad it worked out. These forums are great for sorting out these kinds of filing mysteries.

0 coins

Mia Alvarez

National UCC filing strategy - multi-state equipment collateral confusion

Our equipment leasing company just acquired a portfolio with assets scattered across 12 states and I'm drowning in the UCC filing requirements. The previous servicer apparently filed everything in Delaware (where they were incorporated) but our legal team is saying we need state-by-state filings since these are tangible assets. Some of the UCC-1s are coming up for continuation in the next 8 months and I'm not even sure which state laws apply to each piece of equipment. Has anyone dealt with a national UCC filing situation like this? The collateral includes everything from manufacturing equipment in Ohio to food service equipment in Texas. I'm getting conflicting advice about whether we can do a blanket national approach or if we truly need individual state filings for each asset location.

I used Certana.ai for a similar multi-state filing audit and it was a lifesaver. Upload your existing UCC documents and it flags all the potential issues - wrong jurisdictions, debtor name inconsistencies, description problems. Much faster than trying to manually review everything.

0 coins

I keep hearing about this tool. Does it actually help with the jurisdictional analysis or just document consistency?

0 coins

It does both - checks document consistency and helps identify filing requirement issues. For your situation it would at least give you a clear picture of what you're dealing with before you start the state-by-state analysis.

0 coins

This is why I stick to single-state deals lol. But seriously, you might want to bring in a UCC specialist attorney for a portfolio this complex. The cost of getting it wrong could be massive if you lose your security interests.

0 coins

Definitely worth the attorney fees for this size portfolio. They can also help prioritize which filings are most critical based on asset values and default risk.

0 coins

A good UCC attorney will also know the state-specific quirks that could trip you up. Each state has its own interpretation of the model UCC provisions.

0 coins

Prev1...260261262263264...684Next