UCC Document Community

I'd suggest getting Tesla to commit to a specific timeline in writing. Send them a formal demand letter referencing your lease terms and request confirmation of when they'll file the UCC-3 termination. That creates a paper trail if you need to escalate further.

Just went through this exact scenario last month with a different Tesla vehicle. The name mismatch issue got resolved when we provided Tesla with a corporate resolution showing the subsidiary was authorized to act for the parent company. Took about 2 weeks after that for them to file the termination. Also used that Certana tool someone mentioned earlier to double-check all our entity names matched up correctly across documents - definitely worth the peace of mind.

Bottom line is you need to treat each entity as a separate debtor requiring its own UCC-1 for initial perfection. UCC-3 amendments can only modify existing valid UCC-1 filings. If you're not certain about your current filing status, audit everything before your next exam. Bank regulators are paying much closer attention to UCC compliance these days.

This thread is incredibly helpful - I'm dealing with a similar situation where we have a credit facility spanning five related entities and I'm realizing we may have some serious gaps in our UCC filing strategy. From what I'm reading here, it sounds like each entity needs its own UCC-1 regardless of cross-guarantees or master agreements. I'm particularly concerned about the continuation timing issue mentioned - we definitely didn't coordinate our initial filing dates so we'd have different renewal deadlines for each entity. Has anyone found effective ways to systematically audit existing portfolios to identify these kinds of filing gaps? Starting to think we need professional help to review everything before our next regulatory exam.

Bottom line - stick with the exact debtor name from your original UCC-1 filing. California will reject terminations for even minor name variations. Double check the file number too. Should be straightforward once you have those details right.

Glad to hear your termination was accepted! For future reference, California also allows you to search their UCC database online to verify exact debtor names and file numbers before filing terminations. The search fee is minimal compared to dealing with rejections and refiling costs. This thread should be bookmarked - lots of solid practical advice here about California's strict matching requirements.

One more thing to consider - if any of your debtors are LLCs make sure you're using their exact registered names from the Georgia corporate records. Even slight variations like LLC vs L.L.C. can cause rejections.

Just want to add that Georgia's UCC system is pretty user-friendly compared to other states I've dealt with. The $10 flat fee structure is straightforward and their online portal rarely has issues. One tip - if you're doing multiple filings like you mentioned, consider doing them all at once rather than spacing them out. That way if there are any systemic issues with debtor names or collateral descriptions, you can catch them early and fix them across all filings before any get processed. Also, their customer service is actually helpful if you run into problems, unlike some other state filing offices.

Bottom line - for equipment financing you need the UCC-1 financing statement. Get the debtor name perfect, describe the collateral adequately, pay attention to addresses, and file electronically if possible. The other PA UCC forms you mentioned are for later if you need to amend, continue, or terminate the filing.

Great advice from everyone here! One additional tip for PA UCC forms - if you're filing online, the system will give you a file number immediately after submission. Print or save that confirmation page right away because you'll need that file number for any future amendments or continuations. Also, PA typically processes electronic filings within a few hours during business days, so you should get your official filing receipt pretty quickly. For equipment financing like yours, the UCC-1 is definitely the right starting point - you're on the right track!