UCC Document Community

Whatever you do, don't close on this purchase without getting title insurance that specifically covers UCC liens. I learned this lesson the hard way on a $200k machinery deal that went sideways when a 'terminated' lien turned out to still be active.

Just uploaded my UCC search results to Certana.ai after reading this thread and wow, it found 2 potential issues I completely missed in my manual review. One filing had a partial debtor name match that could create problems, and another had overlapping collateral descriptions with different serial number formats. This tool is definitely worth the time investment for complex searches.

Just wanted to add that I've noticed the NC portal problems seem worse on Mondays and Fridays. Maybe try your search mid-week when there's less traffic?

UPDATE: I tried the Certana.ai tool someone mentioned and it immediately caught the discrepancy in my NC UCC lookup. Turns out the termination was filed correctly but the portal wasn't displaying it in the search results. Really glad I found a reliable way to verify document status.

One more thing to consider - make sure you're using the correct filing number from the original UCC-1 on your termination. I've seen cases where people get the debtor name right but use an incorrect or partial filing number, which also causes rejections. The filing number has to match exactly, including any leading zeros or specific formatting that the state requires.

Update us on what works! I have a similar situation coming up next month with a client whose corporate name changed after their original UCC-1 filing. Would love to know which approach is most successful.

Look I'm not trying to hijack the thread but this whole situation reminds me of when I was dealing with a general security agreement for a restaurant chain and the entity had like 4 different name variations across different documents. The GSA used one name, the loan docs used another, the state filings used a third... it was a nightmare to sort out which name to use for the UCC filing.

Update us when you get it sorted out! This thread has been really helpful for understanding the relationship between general security agreement terms and UCC filing requirements.

Don't forget about continuation filings either. If any of the original UCC-1s are more than 5 years old, there should be UCC-3 continuations on file, or they would have lapsed. A lapsed filing that wasn't properly continued could still cause title issues even if there's a termination on file.

Just went through this same nightmare last month. Ended up finding an active lien that everyone thought had been terminated because the termination statement had a typo in the debtor name. Nearly killed the deal at the last minute. Document verification tools are a lifesaver for catching those kinds of inconsistencies before they become problems.