UCC Document Community

One more thought - some states have separate continuation/termination processing queues that can have different timing. But if your termination shows accepted, that should mean it's been fully processed. Still worth double-checking all the details match between your UCC-1 and UCC-3 though.

Have you considered calling the Secretary of State office directly to verify the termination is properly linked? Sometimes their customer service can check the system and tell you if there's a specific issue preventing the termination from connecting to the original filing. They might be able to see error messages or processing notes that don't show up on the public portal. Worth a phone call before assuming it's just a timing delay.

Quick question - does Florida require any specific format for the debtor address or is standard business address fine? Some states are picky about PO boxes vs street addresses.

Just wanted to chime in as someone who's relatively new to UCC filings - this thread has been incredibly helpful! I'm working on my first equipment financing deal in Florida and was completely lost on the process. The $20 fee seems very reasonable, and all the tips about debtor name matching and collateral descriptions are gold. One follow-up question - is there a good resource or guide for first-timers to walk through the Florida online filing process step by step? I want to make sure I don't miss anything important on my first go.

This conversation really highlights why having a solid understanding of UCC gap-filling is essential for commercial lending. One additional consideration for your $485K equipment deal - make sure you understand how your state handles the interaction between UCC default provisions and any conflicting state commercial law. Some states have specific statutes that override certain UCC gap-filling rules, particularly around notice timing and collection procedures. I'd recommend doing a quick state law check alongside reviewing those Article 9 enforcement sections that Sean mentioned. Also, given the size of this deal, it might be worth having your legal team review the security agreement template you're using to identify any other potential gaps before your next similar transaction.

Great thread on UCC gap-filling! One thing I'd add is that beyond the enforcement provisions everyone's mentioned, you should also consider how gap-filling works for priority disputes if other creditors are involved. UCC 9-322 provides default priority rules, but if your security agreement doesn't clearly define what constitutes "proceeds" or doesn't address commingling of collateral funds, you could end up relying on UCC default definitions that might not be as broad as you'd want. For equipment financing deals like yours, this becomes especially important if the borrower trades in the equipment or if insurance proceeds get involved. The UCC will fill these gaps, but the default rules around proceeds and priority can be complex and sometimes favor other creditors or the debtor more than a well-drafted agreement would.

Bottom line - consignments under Article 9 require careful documentation and UCC filing by the consignor. Don't assume it's simpler than a secured transaction just because it's called a consignment. The perfection requirements are there for good reason.

Great discussion everyone! As someone who's worked on both sides of consignment arrangements, I'd emphasize that coordination between consignor and consignee is absolutely critical. The consignor's UCC-1 filing is essential, but Emma you're right to be concerned - you need to make sure your existing lender is properly notified about the consigned goods. I've seen situations where inadequate communication led to lenders inadvertently claiming consigned inventory during workout situations. Also consider including specific language in your consignment agreement about UCC filing responsibilities and deadlines to avoid any confusion about who does what when.

One more thing - make sure you get your filing receipts and confirmation numbers. Georgia's system usually emails them automatically but sometimes they end up in spam folders. You'll need those for your closing documents.

Thanks everyone for the detailed responses! This is exactly what I needed. Sounds like I should budget $100 for the 10 UCC-1 filings at $10 each, plus maybe an extra $30 for any potential rejections. I'm definitely going to triple-check all the debtor names against the corporate charters before submitting - those rejection stories are scary when you're on a tight deadline. I might look into that Certana.ai tool a few people mentioned for the document verification. Really appreciate all the practical tips about the portal, confirmation emails, and collateral descriptions. This community is invaluable for getting real-world insights beyond what's on the official websites!