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StardustSeeker

AR UCC filing got rejected - debtor name mismatch nightmare

So I'm dealing with this absolute mess right now. Filed a UCC-1 for our equipment financing deal and Arkansas SOS kicked it back saying debtor name doesn't match exactly with their records. The LLC name on our loan docs shows 'Premium Construction Solutions LLC' but apparently their charter shows 'Premium Construction Solutions, LLC' - yes, literally just the comma placement is different. Our lender is freaking out because we're 3 days from closing and they need the perfected security interest. Has anyone dealt with AR UCC name matching this strict before? Do I need to refile with the exact charter name or can I submit some kind of amendment? This is holding up a $340K equipment loan and everyone's losing their minds.

NebulaNinja

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Pro tip: once you get the correct name format, double-check that your collateral description matches what's in your security agreement too. AR sometimes flags those inconsistencies as well.

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Good call, I'll review that section before refiling. This whole process is making me paranoid about every detail now.

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Luca Russo

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Better to be paranoid than deal with another rejection! Take your time and get it right the second time.

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Nia Wilson

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Update us when you get it resolved! Always curious to hear how these filing nightmares turn out.

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Mateo Sanchez

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Fingers crossed for you! These tight deadline situations are so stressful.

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Aisha Mahmood

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Yeah keep us posted - I'm dealing with a similar situation in another state so your experience might help me too.

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Hunter Brighton

UCC debtor name from nevada business name search - exact match required?

Running into issues with my UCC-1 filing where the debtor name from nevada business name search doesn't exactly match what's on the loan docs. The business is registered as "Mountain View Logistics LLC" in Nevada but our loan agreement shows "Mountain View Logistics, LLC" (note the comma). SOS portal rejected the filing saying debtor name doesn't match secretary of state records. Do I need to pull the exact name from nevada business name search or can I use the loan document version? This is for equipment financing on three delivery trucks and I'm worried about the lien not being properly perfected if I get the name wrong. Anyone dealt with this comma issue before?

Anita George

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Been doing Nevada UCCs for 15 years and the comma issue never gets old. The state system is very literal about name matching. Use their exact format and you'll be fine.

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Any other Nevada-specific quirks I should watch out for on this filing?

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Anita George

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Make sure your collateral description is specific enough. Nevada likes detail on equipment descriptions - make, model, VIN numbers if you have them.

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Logan Chiang

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Update: Filed with the exact name from nevada business name search and it was accepted within 24 hours. Thanks everyone for the advice about using the state database version rather than the loan docs!

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24 hours?? That's actually pretty fast for Nevada. Usually takes them 2-3 business days.

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Logan Chiang

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I was surprised too. Maybe they're getting faster with their processing.

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Sean Murphy

UCC search for liens turning up confusing results - need help interpreting what I found

I'm doing a UCC search for liens on a potential equipment purchase and getting results that don't make sense to me. The debtor name shows three different variations and I'm seeing both active UCC-1 filings and what looks like terminated ones from the same secured party. Some have continuation statements attached, others don't. The collateral descriptions are vague - one just says 'all equipment' while another lists specific serial numbers that don't match what I'm looking at. How do I know which liens are actually still active? The seller claims everything is clear but these search results suggest otherwise. Is there a systematic way to verify lien status when the UCC search results are this messy?

Don't forget to search under any former names the debtor might have used. If the company changed names or merged with another entity, there could be UCC filings under the old name that are still active against the current entity.

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Check the state's corporate database where the entity is registered. Name changes, mergers, and dissolutions are usually recorded there with effective dates.

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Dylan Cooper

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Also look at the debtor's federal tax ID number if you can get it. UCC filings sometimes include the EIN which can help connect filings under different name variations.

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Sofia Perez

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Bottom line - if you're seeing this many complications in the UCC search results, I'd strongly recommend getting title insurance for the equipment purchase if possible. It's not common for equipment deals but some insurers will write policies for high-value purchases if you can't get clear lien documentation.

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Sofia Perez

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Varies widely depending on the equipment value and risk assessment. Could be anywhere from 0.5% to 2% of the purchase price. Expensive but cheaper than discovering a missed lien after you've taken possession.

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Title insurance might be overkill here. A thorough UCC search and proper documentation from the seller should be sufficient for most equipment purchases.

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Sofia Gomez

Subaru added security agreement - UCC-1 filing complications after dealership oversight

So here's my situation and I'm hoping someone can shed some light. I purchased a 2024 Subaru Outback back in March through financing, and everything seemed straightforward at the time. The dealership handled all the paperwork, loan docs, the whole nine yards. Fast forward to last month when I'm reviewing my credit report and notice there's a UCC-1 filing that wasn't there before. Turns out the lender filed it in June, THREE MONTHS after purchase, because they said the dealership 'forgot to include the security agreement addendum' in the original loan package. Now I'm getting notices about some kind of amended filing and honestly I'm lost. The dealership is saying this is normal procedure when they have to add security agreements after the fact, but it feels sketchy to me. Has anyone dealt with subaru added security agreement situations like this? I'm worried about what this means for my credit and whether there are any issues with the lien being perfected so late. The UCC-1 shows a filing date of June 15th but my loan originated March 8th - is that gap going to cause problems if I try to trade or sell? Any insights would be really appreciated because the finance manager at the dealer is giving me the runaround.

This thread is making me paranoid about my own auto loan now! How do you even check if there's a UCC-1 filing on your vehicle? Is it something that shows up on credit reports or do you have to search somewhere else?

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StormChaser

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UCC-1 filings are public records but they don't typically show up on standard credit reports. You'd need to search the UCC database in your state - most states have online portals where you can search by debtor name or filing number. Some credit monitoring services include UCC filings in their reports but not all of them.

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Miguel Castro

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Yeah I only found out about mine when I was doing a background check for a security clearance. The UCC-1 showed up in the public records section. Never would have known otherwise since my credit reports don't include it.

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Just wanted to follow up and say I used that Certana document checking tool someone mentioned earlier and it was super helpful. Turns out my original loan documents DID include proper security agreement language, so the dealer's explanation about 'missing addendums' was complete nonsense. The June UCC-1 filing was actually a correction because they had my name wrong on the first filing attempt - they used my nickname instead of my legal name which would have made the lien unenforceable. So it wasn't about adding a security agreement at all, just fixing a clerical error. Really glad I checked because now I know exactly what happened and can explain it properly if any future lenders ask questions.

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Sofia Gomez

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Thank you so much for the recommendation! It's such a relief to finally understand what actually happened instead of relying on the dealer's vague explanations. The corrected filing makes perfect sense now.

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Ava Williams

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Good for you for digging deeper instead of just accepting the dealer's story. Name mismatches on UCC filings are a huge deal and I'm glad they caught and fixed it even if it took a few months.

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Giovanni Moretti

UCC Article 9 Asset Purchase - Need Help with Lien Release Timeline

We're finalizing a UCC Article 9 asset purchase for a manufacturing equipment deal worth about $850k and I'm getting conflicting advice from our attorneys about the lien release sequence. The seller has existing UCC-1 filings on most of the equipment we want to acquire, and we need those liens properly terminated before closing. Our lender is requiring clean title on all assets before they'll fund our acquisition loan. The seller's attorney says they can handle the UCC-3 termination filings after we close, but our counsel insists the terminations need to be filed and showing as effective in the state database before we transfer any funds. This is holding up a deal that's been in negotiation for 6 months. Has anyone dealt with this timing issue in an asset purchase? I'm worried about getting stuck with equipment that still has active liens if something goes wrong with the termination process. The equipment is currently located in three different states which adds another layer of complexity to the whole UCC filing situation.

Amina Sy

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Just went through something similar with a $600k equipment purchase. Seller's bank was dragging their feet on the UCC-3 terminations because they needed internal approvals. We ended up extending the closing date twice before everything got sorted out. Frustrating but definitely better than closing with active liens.

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Amina Sy

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About a week from when they filed the UCC-3s to when everything showed up as terminated in all the state databases. The actual filing was quick, but waiting for the database updates took time.

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That's pretty typical. Most states update their UCC databases within 24-48 hours, but some take longer especially if there are any data entry issues with the filing.

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Why not make the UCC terminations a condition precedent to closing? Put it right in the purchase agreement that seller must provide evidence of all UCC-3 terminations being filed and effective before the closing can occur. That way it's legally binding and not just a gentlemen's agreement.

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Same day filing and database updates are risky. What if there's an error in the UCC-3 and it gets rejected? Then you're stuck having already closed with liens still active.

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Exactly. UCC filings can get rejected for all sorts of reasons - wrong debtor name format, incorrect filing fees, missing information. Better to file early and fix any problems before closing.

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