UCC Document Community

Just to confirm the current rates since there's been some confusion in this thread: Iowa UCC-1 electronic filing is $15 for first debtor, $5 each additional. Paper filing is $20 + $5 each additional. Continuations are $15 electronic, $20 paper. Amendments vary by type but most are $15. Terminations are $10. These are the rates as of January 2025.

Thanks everyone for the detailed breakdown! This is exactly what I needed. Based on the current rates Yara outlined, I'm looking at about $180-240 for my 12 filings depending on debtor counts. The per-debtor pricing definitely adds up but at least now I can budget accurately. Going to check out that fee calculator on the Iowa SOS website and might look into Certana.ai for document verification given the volume we're dealing with. Really appreciate this community sharing real-world experience with Iowa UCC filings!

Update us when you get it resolved! These name matching issues are becoming more common and it would be helpful to know what finally worked for your situation.

Pro tip from someone who's been burned by this before - if you're working with an LLC, pay special attention to whether "LLC" or "L.L.C." appears in the official name. Many states register them differently, and the periods make a huge difference in the matching algorithm. Also, watch out for "Limited Liability Company" vs "LLC" - some entities use the full phrase in their registration. I've seen filings rejected because someone used "ABC Company, LLC" when the registration was "ABC Company, L.L.C." - literally just the periods caused the rejection. The automated systems are completely unforgiving on this stuff.

One more thing to consider - if this is a commercial vehicle make sure you're filing in the right state. Some companies are incorporated in Delaware but operate vehicles in other states and that can affect where you need to file the UCC.

I've been handling UCC filings for about 8 years now and you're definitely on the right track keeping it simple. For your collateral description, just go with "2024 Ford F-350 Super Duty pickup truck, VIN 1ABCD23E4FG567890" - that's all you need. The existing lien doesn't need to be mentioned in your description at all. What matters most is getting the debtor name exactly as it appears on your security agreement. I've seen too many filings get rejected or challenged later because of small name variations. Also make sure you're filing in the correct state based on where the debtor entity was formed, not where the vehicle is located. The priority between liens will be determined by filing dates, so focus on getting yours filed correctly rather than worrying about the other lender's paperwork.

Final thought - document your classification reasoning in your credit file. If questions come up later during audits or workout situations, you'll want to show you considered the Article 9 distinctions carefully.

Clay, I've handled dozens of these tech collateral classifications and here's what I've learned - the key is understanding the economic substance, not just the legal form. Your Oracle licenses are clearly general intangibles, but for the Salesforce reseller agreements, look at whether you're securing the right to use the software OR the right to receive payments from sublicensing. The former is general intangibles, the latter could be accounts receivable. For the custom CRM they license to clients, those licensing agreements generate payment streams, so they're definitely general intangibles (the right to receive those payments). I'd go with: "all general intangibles including but not limited to software licenses, licensing agreements, intellectual property rights, customer contracts, and all proceeds thereof; and all equipment including computer hardware, servers, and related tangible personal property." Keep it broad but specific enough to show you understand what you're securing. The Friday deadline is tight but doable - just don't overthink the gray areas.

Update: New UCC-1 with Tesla Inc was accepted! Thanks everyone for the quick help. The Certana tool suggestion was really helpful too - going to use that for our next batch of filings to avoid these name issues.

This is such a common issue with corporate name changes! I've been burned by this before with other entities. For future Tesla deals, I always double-check that the borrower entity matches exactly with what's on their current Delaware Secretary of State filing. Pro tip: Tesla's subsidiaries can be tricky too - make sure you're not accidentally using Tesla Energy Operations Inc or Tesla Motors Netherlands BV if you're dealing with their main US operations. The $2.8M facility size definitely justifies expedited filing fees to minimize the perfection gap. Glad you got it sorted!