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 :)

Lorenzo McCormick

UCC statement service termination request - debtor demanding immediate filing

Got a situation here that's got me second-guessing everything. We've got a commercial borrower who paid off their equipment loan early (congratulations to them!) but now they're breathing down our neck demanding we file the UCC-3 termination statement like yesterday. They keep saying "UCC statement service termination request" in every email and phone call. The loan was satisfied last Friday and they want the termination filed by end of this week. I know we've got some time legally but they're acting like their business depends on getting this lien released immediately. Anyone dealt with borrowers who get this aggressive about termination timing? I'm worried about rushing the paperwork and making a mistake on the UCC-3 form. The original UCC-1 was filed in 2022 and I want to make sure I reference everything correctly. What's the standard turnaround time you all use for processing termination statements after payoff?

Ana Rusula

•

Update on that Certana tool I mentioned earlier - I just used it again yesterday for a different UCC-3 and it caught a small typo in the debtor's business name that I would have totally missed. Definitely worth the few minutes to double-check your paperwork before filing.

0 coins

I'm convinced - going to try that before I file. Thanks for the recommendation.

0 coins

Any tool that prevents filing errors is worth using. Manual review misses too much.

0 coins

Thanks everyone for the advice. I'm going to call the borrower tomorrow to explain our process and timeline, then use that document verification tool before filing. Better to do it right than fast. Appreciate all the input!

0 coins

Ana Rusula

•

Smart plan. The verification step will give you peace of mind before filing.

0 coins

Axel Bourke

•

Perfect. That phone call will probably solve 90% of the pressure you're feeling.

0 coins

Liam O'Sullivan

UCC 9-328 Priority Rules - Equipment Financing vs Bank Line of Credit

Having a priority dispute with our bank over equipment we financed last year. We filed a UCC-1 on the manufacturing equipment in March 2024, but the bank is claiming their blanket lien from 2023 gives them priority under UCC 9-328. The equipment was purchased with our financing after their general business loan was already in place. Bank's UCC-1 just says 'all equipment, inventory, and accounts' while ours specifically describes the CNC machines by serial number. Our loan documents clearly state the equipment secures our financing. Bank is threatening to foreclose on the equipment for their separate default. Does UCC 9-328 really give them priority just because they filed first, even though our lien is more specific and we actually financed the equipment purchase? This is a $180K dispute and we need to understand our position before litigation costs get out of hand.

Emma Wilson

•

Subordination agreements can be complex but they're often more practical than fighting over priority. Especially when the debtor is current on one loan but not the other.

0 coins

Javier Torres

•

Exactly. Banks sometimes prefer certain payment over uncertain foreclosure proceeds, especially for specialized equipment that might be hard to liquidate.

0 coins

Emma Thompson

California UCC filing rejected - debtor name mismatch on continuation

Filed a UCC-3 continuation for our equipment loan collateral last week and it got rejected by the California SOS. The rejection notice says 'debtor name does not match original filing' but I'm looking at both documents and they look identical to me. Original UCC-1 from 2020 shows 'Pacific Coast Manufacturing LLC' and my continuation shows the same exact name. Has anyone dealt with this before? The lapse date is coming up in February and I'm getting nervous about timing. Is there some hidden character or formatting issue that could cause this? The collateral is heavy machinery worth $340K so I really can't afford to mess this up.

Nia Harris

•

Update us when you figure it out! I'm dealing with a similar situation in Nevada and want to know what the issue was.

0 coins

Emma Thompson

•

Will definitely post an update once I get this resolved. Hopefully it's something simple.

0 coins

GalaxyGazer

•

Just a heads up - if you're getting close to your lapse date, you might want to file a new UCC-1 as backup while you sort out the continuation issue. Better safe than sorry with $340K in collateral.

0 coins

Malik Jackson

•

Smart thinking. A new UCC-1 would restart the 5-year period and give you breathing room.

0 coins

Mateo Sanchez

•

Just make sure to coordinate with your borrower about filing a new UCC-1 if that's the route you go.

0 coins

Mateo Gonzalez

UCC business search showing conflicting results for debtor name verification

I'm working on a UCC-1 filing for a commercial equipment loan and running into issues with the UCC business search results. When I search the exact legal name from the borrower's articles of incorporation, I get different results depending on how I format it. The business is 'Advanced Manufacturing Solutions LLC' but the search pulls up partial matches for 'Advanced Manufacturing Solutions' without the LLC designation, plus some older filings under 'Advanced Mfg Solutions LLC'. I need to make sure I'm using the correct debtor name for the UCC-1 since a mismatch could invalidate the perfection. Has anyone dealt with similar UCC business search inconsistencies? The SOS database seems to have multiple variations and I'm not sure which exact name format to use for the filing.

Luca Ricci

•

Just to add - make sure you're also checking for any DBA names or trade names that might complicate the search results. Sometimes the UCC business search will pull up filings under assumed names too.

0 coins

Good reminder. This company does have a DBA they use for marketing but I don't think there are any UCC filings under that name.

0 coins

Zoe Papadakis

•

Still worth checking though. I've seen cases where previous lenders filed under the DBA instead of the legal entity name.

0 coins

The frustrating thing about UCC business search inconsistencies is that different secured parties might have used different name formats over the years, so you end up with a mix of filings under slightly different versions of the same company name. Really emphasizes the importance of getting the debtor name exactly right on new filings.

0 coins

That's why I always keep detailed records of exactly how I formatted debtor names on original filings. Makes future amendments much easier.

0 coins

Smart practice. I've seen UCC-3 amendments get rejected because the debtor name didn't match the original filing exactly, even though both versions were technically correct legal names.

0 coins

Keisha Taylor

UCC search API integration throwing debtor name validation errors

Working on automating our lien search process and running into consistent issues with the UCC search API we're trying to integrate. The API keeps rejecting our debtor name queries even when we're using exact matches from filed UCC-1 forms. Getting validation errors like 'debtor name format invalid' or 'search parameters not recognized' but the same names work fine when manually searching the SOS portal. Has anyone successfully integrated a UCC search API into their workflow? The documentation is pretty sparse on proper debtor name formatting requirements and we're burning through our API call limits just testing different name variations. Really need to get this automated since we're processing 50+ searches daily and manual portal searches are killing our efficiency.

Sean Kelly

•

honestly just go back to manual searches until these APIs get better. not worth the headache imo

0 coins

Zara Mirza

•

Manual isn't scalable for everyone though. Some businesses need the automation even if it's imperfect.

0 coins

Sean Kelly

•

yeah i get that. just saying from my experience the APIs cause more problems than they solve right now

0 coins

Luca Russo

•

Update: Finally got our API integration working more reliably by implementing extensive name preprocessing before sending queries. We normalize all entity suffixes, remove extra spaces, and convert to uppercase before API calls. Still not perfect but rejection rate dropped from 40% to under 10%.

0 coins

Luca Russo

•

Sure, I can put together a quick reference guide. The key is having a comprehensive mapping table for all the common entity suffix variations.

0 coins

Emma Thompson

•

This preprocessing approach makes sense. Most of the API failures are probably just formatting issues rather than actual search problems.

0 coins

Prev1...307308309310311...684Next