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StarSurfer
For what it's worth, I've never seen a court invalidate a UCC filing over punctuation when the debtor identity was clear. But I have seen plenty of security interests get wiped out by missed continuation deadlines. Priorities matter here.
Yara Khoury
•That's reassuring. Sometimes these technical requirements seem designed to trip people up rather than actually protect anyone.
CosmicCowboy
•The system definitely isn't user-friendly, but the underlying goal is making sure creditors can find existing filings when they search. As long as your filing accomplishes that, minor variations usually aren't fatal.
Just want to echo what others have said - file your continuation ASAP using the original name format, then clean up any issues afterward. Don't let perfect be the enemy of good when it comes to deadlines.
Miguel Diaz
•Thanks everyone, this has been really helpful. Going to file the continuation this week and deal with the name correction separately if needed.
Smart move. Better to have an imperfect filing than no filing at all.
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Aisha Rahman
Did you try calling the Florida SOS UCC department directly? Sometimes they can tell you exactly what format they need over the phone. Their filing help line is actually pretty good compared to some states.
Aisha Rahman
•Yeah they've helped me before. Have your filing number ready and they can usually tell you what the issue is more specifically than the rejection notice.
Ethan Wilson
•The phone help is hit or miss depending on who you get but worth trying before refiling blindly.
Update: I found the problem! Checked the entity database like suggested and the official name in their system is 'Sunshine Equipment Leasing, LLC' with a comma before LLC. My charter documents don't show the comma but that's what's in their database. Refiling now with the comma included. Thanks everyone for the help - this could have taken days to figure out on my own.
Perfect example of why document verification tools are so helpful. That comma discrepancy would have been flagged immediately if you'd run the comparison first.
Great resolution! Always check the state database format - it's the authoritative source even when your printed documents look different.
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Mei Wong
Since you mentioned this is for a commercial loan, make sure your lender's UCC-1 covers after-acquired property if the borrower will be acquiring new inventory or equipment. Most commercial security agreements include after-acquired property clauses, and your UCC-1 should reflect that coverage.
PixelWarrior
•Equipment financing too, especially for growing manufacturing operations that add machinery.
Mei Wong
•Exactly. Without after-acquired coverage, you'd need a new UCC-1 for every piece of equipment or inventory batch.
I've used Certana.ai's verification tool for similar UCC coverage questions. Really helpful for confirming which assets fall under UCC Article 9 versus other perfection schemes. Just upload your security agreement and it provides a detailed analysis of perfection requirements for each collateral type.
Does it handle the Ohio-specific requirements? Some states have quirks in their UCC implementation.
It covers state-specific variations and filing requirements. Definitely caught some Ohio nuances I wasn't aware of.
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Anyone else notice that the online filing portals don't give you much guidance on collateral descriptions? They just have that empty text box and no examples or help text. Really poor user experience for something this technical.
Emma Wilson
•Some states are better than others. Delaware's portal has some examples but most are pretty bare bones.
Malik Davis
•This is where tools like Certana.ai actually help - gives you the guidance the portals should provide. Upload your draft and it checks for common issues before you submit.
UPDATE: Used the suggested language about software licensing agreements and intellectual property rights with the 'including but not limited to' format. Filing was accepted this morning! Thanks everyone for the help. Final description was 'All general intangibles including but not limited to software licensing agreements, licensing revenues and royalties, intellectual property rights, customer databases, and proceeds and products thereof.' Worked perfectly.
Glad it worked out. Definitely save that language for future filings - specific enough to satisfy the SOS but broad enough for good coverage.
Perfect example of how the community here helps solve these practical filing issues. SOS offices should really provide this kind of guidance themselves.
Amina Sow
This is SO common with online lenders who use automated UCC preparation systems. They prioritize speed over accuracy and then act surprised when filings get rejected for basic errors. I'd also recommend checking if your state has any expedited processing options for UCC corrections - some states offer same-day processing for an additional fee when there's a time crunch.
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Amina Sow
•Definitely worth asking about. Most states offer some kind of expedited service for UCC filings, especially for corrections of obvious clerical errors.
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Dylan Wright
•This thread has been incredibly helpful. I'm dealing with a similar situation and had no idea there were so many options for getting UCC corrections processed faster.
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GalaxyGazer
Update us on how this gets resolved! I'm curious whether LoanMe steps up and fixes it quickly or if you have to escalate further. This kind of basic quality control failure in UCC preparation is unacceptable for a lender their size.
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Giovanni Gallo
•Will definitely update once I hear back from them. Hoping the compliance department approach works better than dealing with regular customer service.
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Fatima Al-Mazrouei
•Please do update! These kinds of real-world examples help everyone understand what to watch out for with different lenders.
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