UCC Document Community

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.

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.

Final thought - once you get the UCC-1 filed successfully, make sure to calendar the continuation deadline immediately. Aircraft UCCs need continuation just like any other filing, and with that much collateral value you can't afford to let it lapse.

I've seen this exact scenario multiple times in my practice. The key is to always start with the official state entity records as your source of truth for the debtor name on UCC filings. Don't rely on FAA registrations, insurance documents, or even what's printed on business cards - go straight to the Delaware Division of Corporations database. Once you confirm the exact legal name (including all punctuation), that's what needs to match your security agreement and UCC-1 filing. If there's a mismatch, you'll typically need to amend the security agreement rather than try to file the UCC with an unofficial name variation. Also recommend implementing a checklist for future aircraft deals that includes entity name verification as step one - it'll save you weeks of headaches like this.

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.

Update on my experience with Tennessee statement requests - just got my documents back via email in 4 business days. Process was smoother than expected. The key was having all the filing numbers exactly right from the search results. Also used that Certana tool someone mentioned earlier to verify everything matched up correctly - definitely saved time compared to manual cross-checking.

Thanks for sharing all this detailed info about Tennessee's UCC document request process. As someone new to handling due diligence on secured transactions, this thread has been incredibly helpful. I'm particularly interested in the mention of discrepancies between search results and actual filed documents - that's definitely something I wouldn't have thought to watch out for. Quick question: when you're requesting multiple documents like this, do you typically request them all on one form or submit separate requests? Also wondering about the timing - if I'm working on a deal that might close in 2-3 weeks, should I be concerned about the documents being "stale" by closing, or is there a standard practice for how current these need to be for loan documentation?