UCC Document Community

Final advice: Use your exact charter name, list specific vehicle details in collateral description, file in Texas, and stop worrying about travel rights theories. You've got this!

As a newcomer to UCC filings, this discussion has been incredibly helpful! I'm dealing with a similar situation where I need to file a UCC-1 for equipment financing, and I was also getting confused by some of the misleading information online about travel rights. It's clear now that for commercial secured transactions, I need to focus on three key things: getting the exact debtor name from organizational documents, providing specific collateral descriptions, and filing in the state where the business entity is organized. The Certana.ai tool that several people mentioned sounds like it could save a lot of headaches with document verification. Thanks to everyone who contributed - this thread should be required reading for anyone new to UCC filings!

Just an update - I ended up doing both a manual search and hiring a professional search company. Found two old UCC-1 filings that the borrower wasn't aware of, but both had lapsed without continuation so they're no longer valid liens. Still glad I checked thoroughly before filing our UCC-1. Thanks everyone for the advice!

This is such a valuable discussion! As someone new to equipment financing, I'm learning so much about the complexities of UCC searches. The point about blanket liens covering "all equipment" is particularly eye-opening - I can see how borrowers might genuinely not realize they have existing liens that could affect new financing. The suggestion to search under previous business names and DBA variations seems crucial too. I'm curious - for those of you who've dealt with this before, how far back do you typically search? Are there any time limits on how old a UCC filing can be and still create issues for new liens?

Bottom line - you need to identify the specific UCC filing that's causing the hold, then get it properly terminated or prove it's already lapsed. Don't let your lender leave you hanging with vague explanations about 'UCC holds' without giving you the specific details to resolve it.

As someone who's dealt with UCC complications before, I'd recommend also checking if there are multiple UCC filings under different variations of your business name or EIN. Sometimes lenders file under slightly different entity names, and you might have missed one when you thought everything was cleared. Also, if you're in a rush, you can sometimes get an estoppel letter from the original lender stating the debt is satisfied - this can help your new bank move forward while the formal UCC-3 termination is being processed. The key is being proactive and not waiting for the lenders to handle this automatically.

Update us on how this turns out! I'm working on a similar solar mosaic project and would love to know what approach works best for the subordination filing with name mismatches.

This is a classic issue I've seen in renewable energy financing - that comma difference between "ABC Solar Holdings LLC" and "ABC Solar Holdings, LLC" can absolutely torpedo your subordination filing. Here's what I'd recommend: First, run a UCC search to confirm exactly how the debtor name appears on the current filing. Then file a UCC-3 amendment to correct the name BEFORE attempting the subordination. Most states require exact name matching for subordination effectiveness. Also, given that you're dealing with solar equipment across multiple properties, make sure your collateral description in the subordination agreement addresses both fixture and personal property classifications - this varies by state and installation method. The $2.8M size definitely justifies getting specialized UCC counsel involved to avoid any missteps that could jeopardize the entire financing structure.

Document authentication standards keep changing as states update their systems. What worked six months ago might not work today, especially for esignature compliance under 9-105.

I've been through this exact nightmare with UCC-1 filings getting bounced for 9-105 esignature issues. The key thing that finally worked for us was switching to DocuSign's "Advanced Authentication" mode specifically for UCC documents. Regular email verification isn't enough - you need to enable SMS verification plus knowledge-based authentication questions. Also make sure your DocuSign account has the "Legal Document Compliance" add-on activated, which handles the certificate embedding properly so Adobe won't show signature warnings. Most law firms don't realize there are different compliance tiers within DocuSign itself. Worth asking your attorneys to check their account settings before the next submission attempt.