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Mikayla Davison

PMSI UCC-1 filing got rejected - debtor name issue blocking my equipment lien

Anyone else dealing with PMSI filing headaches? I'm trying to perfect a purchase money security interest on some manufacturing equipment we financed last month. Filed the UCC-1 within the 20-day window but it got rejected because of a debtor name mismatch. The equipment dealer used 'ABC Manufacturing LLC' on the invoice but the debtor's articles show 'ABC Manufacturing, LLC' with a comma. Now I'm past my PMSI grace period and scrambling to figure out if I can still claim purchase money status. The loan was for $85K and I really need this PMSI priority over the blanket lien that was already filed. Has anyone successfully argued the relation-back doctrine in a situation like this? The rejection notice just says 'debtor name does not match' but doesn't specify what exactly is wrong. I'm worried I've lost my PMSI protection entirely.

Niko Ramsey

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File the corrected UCC-1 immediately while you figure out the PMSI timing issue. Even if you lose PMSI priority, you still want to perfect your security interest. A perfected non-PMSI lien is better than an unperfected PMSI claim.

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Absolutely this. Get the corrected filing done today if possible. Priority disputes can be sorted out later.

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Jabari-Jo

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Good point about perfection vs priority. Too many lenders get caught up in PMSI timing and forget about basic perfection requirements.

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Kristin Frank

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The blanket lien holder might not even contest your PMSI claim if your collateral description is specific enough. Most blanket lenders expect equipment financing to take PMSI priority as long as the formalities are met. Your comma issue is probably more of a technical perfection problem than a priority problem.

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Nia Watson

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Depends on the lender and the loan terms. Some blanket lenders specifically carve out PMSI equipment in their loan agreements.

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For an $85K equipment loan, it's probably worth fighting for PMSI priority. That's not pocket change.

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KylieRose

Tennessee UCC search showing weird results - debtor name variations causing problems

I'm having issues with Tennessee UCC search results and need some guidance. We're doing due diligence on a potential acquisition and the target company has had several name changes over the years. When I search the Tennessee SOS UCC database, I'm getting conflicting results depending on how I enter the debtor name. Some searches show active UCC-1 filings that don't appear when I use slightly different name variations. For example, searching 'ABC Manufacturing LLC' gives different results than 'ABC Manufacturing, LLC' (with the comma). This is concerning because we need to identify all existing liens before closing. Has anyone dealt with Tennessee's search logic being this sensitive to punctuation and formatting? I'm worried we're missing critical filings that could affect the deal structure.

One more thing to watch for - make sure you're checking the filing dates carefully. Tennessee sometimes has delays in posting filings to their online system, so very recent filings might not show up immediately.

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Usually 1-2 business days but I've seen it take up to a week during busy periods. Always worth calling to confirm if timing is critical.

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Amina Diallo

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This is why I always do a final UCC search the day before closing. Can't risk missing a last-minute filing.

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GamerGirl99

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Thanks everyone for the advice. I'm definitely going to try the Certana tool and implement a more systematic search approach. This thread has been incredibly helpful for understanding Tennessee's quirks.

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Good luck with your due diligence! Tennessee searches are tricky but following these suggestions should help you catch everything.

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Let us know how the Certana tool works out for you. Always interested in hearing about new solutions for UCC searches.

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Emma Morales

Delaware UCC Article 9 filing got rejected - debtor name issues?

Really frustrated here. Had a Delaware UCC Article 9 filing rejected yesterday and I'm not sure what went wrong. The debtor is an LLC that changed its registered name about 8 months ago but I used the current legal name from their most recent certificate of formation. Portal just says 'debtor name discrepancy' but doesn't give specifics. This is for equipment financing on manufacturing machinery worth about $340K. Anyone dealt with Delaware's specific requirements for debtor names on UCC-1s? The financing statement needs to get filed ASAP since we're already past the 20-day window from when the security agreement was signed. Really need to figure out what Delaware Article 9 requires for proper debtor identification.

Landon Morgan

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Update us on what you find! I have a Delaware Article 9 filing coming up next week and want to avoid the same issue. Did you end up finding the name discrepancy?

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Teresa Boyd

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Same here - following this thread because Delaware UCC filings stress me out every time.

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Lourdes Fox

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Consider using one of those document verification tools mentioned earlier. Might save you the headache.

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Bruno Simmons

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Just went through something similar. Turned out the LLC had filed a certificate of correction that changed a single letter in their name, and Delaware's UCC system was still using the corrected version while their main website was showing the old version. Check for any certificate corrections or amendments beyond just name changes.

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Delaware corporate records can be surprisingly complex. Always worth doing a full search of all filed documents.

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Zane Gray

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This is why I always order the full certificate package instead of just pulling the basic info online.

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Omar Zaki

Colorado UCC statement request form - which version for lien verification?

I'm dealing with a portfolio acquisition where we need to verify existing UCC liens on equipment collateral across multiple debtors. Our compliance team is requiring documentation of all current filings before we can proceed with the transaction. I've been looking at the Colorado Secretary of State website and there seem to be different colorado ucc statement request form options available. Some appear to be for certified copies, others for information requests, and I'm seeing references to both UCC-11 and what looks like state-specific forms. The transaction involves about $2.8M in equipment financing and we need to be absolutely certain we're catching every perfected security interest. Has anyone recently used the colorado ucc statement request form process for due diligence purposes? I'm particularly concerned about missing any fixture filings or getting incomplete search results if I use the wrong form type. The closing is scheduled for next month and I can't afford any surprises with undisclosed liens.

Sophia Nguyen

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Don't overlook federal tax liens either. They won't show up in UCC searches but can have priority over your security interests depending on the filing dates and collateral types. Check with the IRS for federal tax lien searches on each debtor entity.

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Sophia Nguyen

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Unfortunately no. Federal, state UCC, state tax, agricultural, and motor vehicle liens are all in separate systems. It's one of the biggest challenges in acquisition due diligence.

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This is where document verification tools like Certana.ai really help. Once you get all the search results back, you can upload everything and it flags inconsistencies across all the different systems and document types.

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UPDATE: Just completed a similar Colorado search process. The colorado ucc statement request form worked well but I had to submit three separate requests to catch everything - standard debtor search, fixture filing search, and a filing number verification search for liens we already knew about. Total cost was about $400 but worth it for the comprehensive coverage.

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About 10 business days for certified results. Online searches were immediate but we needed the certified versions for our transaction documentation. Plan accordingly for your closing timeline.

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AstroAce

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10 days is actually pretty good for Colorado. I've seen certified searches take up to 3 weeks during busy periods.

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Zoe Gonzalez

UCC Filings Portal Timing Out During Peak Hours - Missing Critical Deadlines

Has anyone else been dealing with the SOS portal completely crashing during business hours this week? I've been trying to submit three continuation filings that are due by Friday and the system keeps timing out right when I hit submit. Two of these are for equipment loans that will lapse if I don't get the UCC-3 continuations filed on time. The debtor names are perfect matches to the original UCC-1s, all the filing numbers are correct, but I literally cannot get past the payment screen. Been trying since Monday and it's now Wednesday. Starting to panic because if these lapse, our security interest is gone. Anyone found a workaround or know if there's extended filing hours? This is ridiculous that a system this critical can just... not work.

Emily Parker

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Friday deadline is cutting it close but you should be okay if you file early tomorrow morning. I'd recommend having everything ready tonight - payment info, documents reviewed, debtor names triple-checked. Then hit the portal right at 6 AM when it's most stable.

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Zoe Gonzalez

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That's the plan. Going to prep everything tonight and set an early alarm. Thanks for the encouragement.

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Emily Parker

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You've got this. Early morning filing has never failed me, even when the portal is having issues later in the day.

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Ezra Collins

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UPDATE: Tried filing at 6 AM this morning and it worked perfectly! All three continuations went through without any issues. Portal was fast and responsive. Definitely filing early from now on. Thanks everyone for the advice - especially about double-checking documents first. Crisis averted!

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Awesome news! Did you end up checking your documents beforehand or just went with what you had?

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Ezra Collins

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I did run them through a quick verification check and found one small issue - debtor name had an extra period that would've caused problems. Good catch!

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