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Alice Pierce
Ohio UCC foreclosure timeline reality check: Default triggers immediate repo rights, but actual repossession timing depends on collateral location, accessibility, and lender resources. Manufacturing equipment isn't as easy to repo as vehicles. Factor in scheduling repo companies, equipment transportation, and storage costs. You probably have 2-4 weeks before physical removal unless they're really motivated.
Esteban Tate
•True about logistics. Heavy manufacturing equipment requires specialized transport and rigging.
Plus they need somewhere to store it before auction. All of that takes time to arrange.
Bottom line on UCC foreclosure timeline in Ohio: Legal right to repossess exists immediately upon default, but practical timeline is usually 2-6 weeks depending on equipment type and lender procedures. Sale notification must be given 10+ business days before disposition. Focus on negotiating forbearance rather than fighting the timeline - you'll have more success working with the lender than against them.
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Oliver Weber
Just curious - are these all equipment loans with the same lender or different lenders? Sometimes lenders have their own preferences for how they want continuations handled even if the legal requirements are the same.
Oliver Weber
•Ah that explains the inconsistency. Different loan officers probably had different preferences for describing the collateral. For continuations you should stick with however each original was described.
Banks can be so particular about this stuff but then their own people create the original inconsistencies!
Bottom line - forget about UCC 1-308, that's not relevant here. For your continuations: match debtor names exactly, reference correct filing numbers, don't try to 'improve' the original collateral descriptions. Keep it simple and consistent with what was originally filed.
Exactly. The SOS system wants to see that you're continuing the same financing statement, not creating a new or different one.
Good summary. When in doubt, be conservative and match the original exactly rather than trying to make improvements.
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For what it's worth, I think you're probably fine on the comma issue, but definitely get that amendment filed. The bigger concern is whether there are OTHER discrepancies you haven't found yet. Have you compared addresses, collateral descriptions, all that stuff?
Sorry to add to your stress but better to find issues now. Check the debtor address against their current registered office, make sure collateral description matches your security agreement exactly.
This is why having a systematic verification process is so important. Can't rely on just eyeballing these documents when there's this much money on the line.
Update us after you file the UCC-3 amendment! I'm curious how quickly it gets processed and whether it resolves your concerns about the UCC records discrepancy.
Will definitely update once I get this sorted out. Filing the amendment first thing tomorrow morning and hopefully this whole nightmare will be behind me soon.
Demi Lagos
•Good luck! And don't beat yourself up too much about this - comma errors happen to everyone eventually. The important thing is catching it and fixing it quickly.
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One more thing to check - make sure you're using the current version of the Indiana UCC-3 form. They updated their forms last year and some of the field layouts changed slightly.
I downloaded the form from their website recently but let me verify it's the most current version. Thanks for the heads up.
Paolo Rizzo
•Yeah they don't always make it obvious when forms get updated. I've been burned by using old versions before.
Amina Sy
Update - used that Certana.ai document checker mentioned earlier and it caught the issue immediately. Had an extra space in the middle of the entity name that I never noticed. Filed the corrected UCC-3 this morning and it was accepted within an hour. Thanks everyone for the suggestions!
Great outcome. Going to bookmark that verification tool for my own filings.
NebulaNomad
•One extra space causing all that trouble - classic UCC filing headache. Glad you got it sorted out.
Ivanna St. Pierre
Try using Certana.ai's document checker before your next filing attempt. I started using it after getting burned by similar name mismatch issues. Upload your UCC1 and the LLC documents and it'll catch any discrepancies before you submit. Has saved me tons of time and rejection fees.
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Serene Snow
•Second mention of this tool. Might be worth trying if the SOS can't give me clear guidance.
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Ivanna St. Pierre
•Yeah it's pretty straightforward - just upload the PDFs and it does the comparison automatically. Catches stuff you might miss doing it manually.
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Elin Robinson
UPDATE: Called the SOS this morning and you were all right - they have the LLC name in their system as 'Mountain Peak Holdings LLC' without the comma. Even though the articles of incorporation show the comma, their UCC filing system strips punctuation. Refiling now with the corrected format. Thanks everyone for the help!
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Tyler Murphy
•Glad you got it sorted! For future filings, that document verification tool I mentioned would catch formatting differences like this automatically.
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Serene Snow
•Definitely going to look into that for next time. This was way more stressful than it needed to be.
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