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
Update us on how the refile goes! Always curious to see if the exact charter match works in these situations.
Will do. Planning to refile tomorrow morning with the exact charter spelling including comma.
Good luck! Timeline pressure makes these rejections so much more stressful.
Just to add another data point - I had a PA UCC-3 amendment rejected last month for the same type of punctuation issue. Their system definitely got stricter about exact matches. But once you get the name right, everything else usually processes smoothly.
PA is actually pretty fast once they accept the filing. Usually same day processing.
Exactly, it's just that initial hurdle of getting the debtor name formatting perfect.
Join the conversation
For what it's worth I've filed hundreds of continuations and never seen anything like 1-308 это in legitimate UCC documentation. It's either an error, internal code, or translation artifact. Stick to the standard continuation form requirements.
Thanks for the perspective. I feel better about ignoring the weird notation and just focusing on the core filing requirements.
Yeah hundreds of filings and you'd definitely know if this was a real requirement. Probably just document corruption or internal banking codes.
One final check - make sure you're looking at the actual UCC-1 and not some internal loan documentation. Banks often attach all sorts of internal forms and codes to the loan file that aren't part of the official UCC filing. Pull the official record from Delaware SOS to see what was actually filed.
That's always the safest approach. Work from the official state record rather than internal bank documents.
Agreed. Too many continuation filings get rejected because people work from copies of copies instead of the actual filed document.
Join the conversation
UCC search is an art form honestly. You develop an instinct for name variations after doing enough of them. But it takes time and you're always worried about missing something important.
It comes with experience. Start keeping notes on what variations work in different states and you'll build up your own reference guide.
I've been doing this for 10 years and still find surprises. The key is being systematic and not rushing through it.
Sometimes the issue isn't just name variations but also timing. Active filings might not show up immediately in search results if they were just filed. Always check the search date parameters too.
Yeah, some states have a lag time between filing and when it shows up in searches. Usually just a few days but something to keep in mind.
And don't forget about continuation filings. Those can change the status of older filings in ways that might not be immediately obvious in search results.
Join the conversation
The key thing about deposit account priority is that the bank where the account is held almost always wins if they have a security interest, regardless of filing dates. UCC 9-327(1) is pretty clear about that. Your equipment collateral is separate though - you should have clear priority there if you filed first.
So basically they get the deposit accounts and the equipment lender gets the equipment? Seems fair if both parties perfected properly.
That's usually how it works out, unless there's some unusual language in the security agreements or subordination deals.
Just to close the loop on this - make sure you're not overthinking the 9-332 angle. That section is really narrow and probably doesn't apply to your situation. Focus on getting clear documentation of what each party perfected and when, then negotiate from there. Most of these disputes settle once everyone understands their actual position.
Thanks everyone. Sounds like I need to gather all the documents first and then figure out the priority rules. Appreciate all the help.
Good luck with it. These situations are always stressful but usually work out reasonably if both sides are professional about it.
Arnav Bengali
For anyone following this thread, just remember that UCC assignment guidelines require proper authorization from the original secured party. Make sure whoever signs the UCC-3 has authority to assign the security interest. We've had filings challenged because an unauthorized person signed the assignment.
0 coins
Sayid Hassan
•Great point. Corporate resolutions and signature authority are often overlooked in the rush to close deals. Worth double-checking before filing.
0 coins
Rachel Tao
•And keep copies of everything! Assignment docs, authorization letters, filing confirmations. You'll need them if there are ever questions about the transfer.
0 coins
Derek Olson
Thanks everyone for the guidance on UCC assignment guidelines. Sounds like UCC-3 assignment is the way to go. Going to double-check the debtor name spelling and get this filed tomorrow. Really appreciate all the practical advice here!
0 coins
Danielle Mays
•Good luck with the filing! Let us know how it goes. Always helpful to hear about successful assignments.
0 coins
Roger Romero
•Hope your closing goes smoothly on Friday. UCC assignments can be stressful but you've got the right approach now.
0 coins