UCC Document Community

UPDATE: Finally got through to Tesla's secured transactions department. They confirmed the UCC-3 was filed last week but with a typo in my name. They're filing an amended termination this week. Thanks everyone for the advice, especially about Certana - I'm going to use that to verify everything matches up correctly this time.

This whole thread has been really eye-opening about Tesla's UCC release issues. I'm dealing with a similar situation with my Model S - paid it off 7 weeks ago and still no UCC-3 termination showing up. Based on what everyone's shared here, it sounds like I need to: 1) Call Tesla's secured transactions department directly instead of regular customer service, 2) Get a satisfaction letter even if the UCC-3 isn't filed yet, 3) Check if they filed in a different state, and 4) Consider using Certana.ai to verify everything matches up properly. Really appreciate all the specific advice - Tesla's customer service has been useless but this gives me a clear action plan to follow.

Bottom line: if your UCC-1 is filed correctly and your security agreement is valid, their UCC 1-308 posturing is just theater. Focus on keeping your filings current and let them waste their time on irrelevant legal theories.

I've dealt with this exact scenario multiple times in my practice. The key point everyone's making is correct - UCC 1-308 is about contract performance under reservation of rights, not about UCC filing validity. What I usually tell clients is to treat this as two separate issues: (1) your security interest and lien perfection, which stands or falls based on your UCC filings and security agreement, and (2) any contract disputes the debtor wants to raise. The debtor can invoke 1-308 all they want, but it won't invalidate a properly perfected security interest. I'd recommend having your attorney send them a brief response explaining that their 1-308 reservation doesn't affect your lien position, just to create a clear record. Then focus on making sure your continuation filing is timely and accurate.

This thread is really helpful! I have a Cross River Bank deal coming up next week and now I know to verify the debtor name independently. Thanks for sharing your experience with this rejection.

I've dealt with this exact scenario multiple times with Cross River Bank filings. The punctuation issue is unfortunately very common - I've seen rejections for missing commas, periods after "Inc", and even extra spaces in entity names. What I've learned is to always pull the debtor name directly from the Delaware Division of Corporations database and copy it character-for-character, including all punctuation marks. Their search function will show you the exact legal name as filed. For your situation with "ABC Manufacturing Solutions, LLC" vs "ABC Manufacturing Solutions LLC", definitely go with the comma version since that's what Delaware has on file. I'd recommend filing a corrected UCC-1 rather than an amendment - it's faster and cleaner for the record. Also, pro tip: screenshot the entity search results from the state database and keep it in your file as documentation of the correct name format in case there are any questions later.

Just to close the loop on this - I ended up filing with just the tangible collateral description (equipment and inventory) and ignored the copyright notice language completely. The filing was accepted without any issues. Thanks everyone for the guidance!

Great to see this resolved successfully! This is exactly the kind of practical guidance that makes this community so valuable. For anyone else dealing with similar issues, I'd recommend creating a simple checklist: 1) Verify debtor name against state records, 2) Extract collateral description from the security agreement's actual collateral section (not the boilerplate), 3) Double-check secured party info. Everything else is usually just legal fluff that doesn't affect the UCC filing requirements.

Just remove those codes entirely from your continuation forms. I guarantee they're not real UCC requirements - they're just software artifacts that are screwing up your filings.

I've dealt with this exact issue before and it's definitely a software problem, not a UCC requirement issue. Those reference codes (1-308-1 and 1308-103) aren't valid UCC section numbers - they look like internal tracking codes that your compliance software is incorrectly treating as mandatory filing data. The actual UCC sections use a completely different numbering system (like 9-515 for continuation statements). I'd recommend manually removing those auto-populated fields from your UCC-3 forms before resubmitting. Your continuation should only include the original filing number, exact debtor information as it appears on the UCC-1, and the continuation statement itself. Nothing more. This should clear up the rejections you're seeing across multiple states.