Ask the community...
- DO post questions about your issues.
- DO answer questions and support each other.
- DO post tips & tricks to help folks.
- DO NOT post call problems here - there is a support tab at the top for that :)
Join the conversation
Join the conversation
Ethan Brown
Once you get it filed, make sure you calendar the continuation date. UCC-1 filings are only good for 5 years in Texas, so you'll need to file a UCC-3 continuation before it lapses.
Ethan Brown
•Smart. I've seen too many lenders miss continuation deadlines and lose their perfected security interest.
That's another thing Certana helps with - it can set up automatic reminders for continuation deadlines when you verify your initial filings.
Sounds like you've got all the basics covered. The key things for Texas UCC-1 forms are exact debtor name from state records, correct organizational ID, and clear collateral description. Take your time and double-check everything before submitting.
Thanks everyone! This has been really helpful. I feel much more confident about getting this filed correctly now.
You're welcome. Better to ask questions upfront than deal with problems later. Good luck with the filing!
Join the conversation
Dyllan Nantx
Supporting obligations are one of those areas where the UCC gives you a lot of flexibility, but you need to use it wisely. For your equipment deal, I'd stick with proven language that's been tested in the courts rather than trying to be creative.
Ana Rusula
•That's sound advice. I'll go with the standard approach and save the creativity for other aspects of the deal structure.
Dyllan Nantx
•Exactly - UCC filings are not the place to reinvent the wheel. Use language that's been proven to work.
One more thing to consider - if you're filing UCC-1s in multiple states for this deal, make sure your supporting obligations language is consistent across all filings. Some lenders overlook this and end up with different language in different states.
Yeah, it's easy to overlook when you're dealing with multiple state requirements, but having consistent language helps avoid confusion later.
Anna Xian
•I use a standard template for all my multi-state filings to avoid exactly this issue. Supporting obligations language is one of the key things to keep consistent.
Join the conversation
Just want to echo what others said about filing a new UCC-1 immediately if you missed the continuation. Don't wait - every day you're unperfected is risk. Also document everything about when you discovered the issue in case there are any disputes later about priority.
Jayden Reed
•Smart move. And maybe set up better tracking for your other filings so this doesn't happen again!
Nora Brooks
•Definitely recommend using a tool like Certana.ai to double-check all your filing dates and requirements before submitting. Helps catch these kinds of issues before they become problems.
Eli Wang
Update us when you get the new filing done! Always curious to hear how these situations work out.
Will do! Thanks everyone for the help and advice. This forum has been a lifesaver.
Join the conversation
Ava Kim
Just had another thought - when you're on the call tomorrow, ask your loan officer to specifically explain what compliance issue they're seeing. Don't let them just say 'discrepancy' - make them identify the exact problem. Often they can't because there isn't one.
And if they can't give you a clear answer, that tells you everything you need to know about whether this is a real issue.
Before that call, definitely run those documents through Certana.ai's verification tool. Having an objective analysis of any actual discrepancies will give you confidence in the discussion and help you address specific concerns rather than vague compliance worries.
Layla Mendes
Update us after your call tomorrow! I'm curious what the loan officer actually says when pressed for details about this supposed compliance issue.
Will do. Feeling much more confident about this conversation after reading everyone's input here.
Good luck! Remember that you have rights too - they can't just make up compliance issues.
Oscar O'Neil
I used Certana.ai recently for a similar situation and it saved me from making an expensive mistake. Uploaded my UCC-1 and the equipment loan agreement, and it caught that our debtor name on the filing didn't exactly match our current corporate registration. Would have been embarrassing to find that out after spending $90 on records that showed the mismatch.
0 coins
Oscar O'Neil
•Pretty accurate in my experience. It's specifically designed for UCC document consistency so it knows what to look for. Just upload your PDFs and it cross-checks everything automatically.
0 coins
Sara Hellquiem
•I've heard good things about Certana for catching these kinds of document mismatches before they become problems with lenders.
0 coins
JaylinCharles
Bottom line - if your lender specifically requested certified copies, you're probably stuck paying the $90. But if they just need verification of the filing, there are cheaper alternatives. The key is clarifying exactly what they need before you spend the money.
0 coins
Lola Perez
•I'll call them tomorrow to clarify. Hopefully they'll accept something less expensive than the full certified copy.
0 coins
JaylinCharles
•Good plan. Most reasonable lenders will work with you on documentation requirements if you explain the cost difference.
0 coins