UCC Document Community

This thread is really helpful. I have a similar deal coming up next week and was dreading figuring out the UCC filing requirements. Sounds like individual as debtor, file in LLC's formation state, and be comprehensive with the collateral description.

This is such a valuable discussion! I'm new to handling secured transactions and this LLC membership interest collateral scenario seems really complex. One thing I'm wondering about - when you file the UCC-1 against the individual member in the LLC's state of organization, do you also need to worry about where the individual debtor is located for any additional filings? Or does filing in Delaware (where the LLC was formed) cover everything? Also, for a $350K deal like this, are there any additional due diligence steps beyond just getting the UCC filing right? Thanks for all the insights everyone has shared here.

Just processed 8 amendments in Washington last week and the total fees were exactly $96 ($12 each). The electronic filing system worked smoothly and all were accepted within 24 hours.

As someone new to UCC filings in Washington, this thread has been incredibly helpful! I'm working on my first batch of amendments and was completely lost on the fee structure. The $12 per amendment seems consistent across everyone's experiences. Quick question - when you mention document verification tools like Certana.ai, do they work for other states too or just Washington? We're expanding operations to Oregon and California soon and want to avoid rejection fees there as well.

For future reference, when dealing with any credit union UCC filings, always check both their current legal name AND their DBA registrations. Some credit unions operate under multiple names which can complicate things.

This thread is incredibly helpful! I'm dealing with a similar issue with a local credit union in Oregon where their security agreement shows the old full name but they've since rebranded. Based on what everyone's shared here, sounds like I need to verify their current legal name through the state corporations database and file using that, regardless of what the security agreement says. Has anyone had pushback from lenders when the UCC debtor name doesn't exactly match the security agreement language? My loan officer is being pretty rigid about "exact matches" but it seems like that's not actually required as long as it's clearly the same entity.

Update us when you get this resolved! I'm dealing with something similar and want to know what approach works best.

As someone new to this whole UCC process, reading through all these responses really helps clarify what UCC termination meaning actually is. It sounds like the key takeaway is that termination (via UCC-3 filing) is legally required after loan payoff, while lapse is just what happens after 5 years if nothing is done. Quinn, I'd definitely recommend the written demand approach that Aliyah mentioned - seems like phone calls aren't getting you anywhere after 6 weeks. Also interesting to see multiple people mention using Certana.ai to verify their documents match up correctly. Might be worth checking your original UCC-1 filing to make sure there aren't any name discrepancies that could be causing delays or issues with your new lender.

Great to hear about the successful resolution! This thread is really helpful for understanding ARR status timelines. I'm dealing with a similar situation right now - filed a UCC-1 for inventory financing three days ago and just got the ARR status today. Based on everyone's experiences here, sounds like I should expect resolution within the next 2-3 business days. The consistency in timing (4-6 business days) across different people's experiences is reassuring. Thanks for creating this discussion - it's exactly what I needed to find!

As someone who's been through this exact situation, I can confirm that ARR status is nerve-wracking but usually resolves well! I had the same code appear on a UCC-1 for construction equipment financing about 6 months ago. Mine took 4 business days to clear and turned out they were just verifying the equipment manufacturer information I provided. The fact that your debtor name matches your loan docs exactly and your collateral descriptions are detailed suggests everything should process normally. One thing I learned from that experience is to always take screenshots of your filing confirmation and status updates - it helps if you need to follow up with the SOS office directly. Also, since you mentioned this is for a $180k equipment loan, you might want to give your lender a heads up about the potential delay so they can adjust the closing timeline if needed. Most lenders are familiar with UCC processing times and won't be concerned about a few extra days for manual review.