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Tami Morgan
Just to add another perspective - you might want to consult with a Colorado attorney who specializes in secured transactions if the loan amount is substantial. The cost of legal advice is probably much less than the potential loss if your security interest lapses. Some of these UCC technicalities can have serious consequences.
That's probably good advice. I think I'm going to try the continuation with the original name first, but having legal backup might be smart given what's at stake.
Rami Samuels
•Definitely worth it for high-value loans. UCC mistakes can be very expensive to fix after the fact.
Update request - please let us know how this turns out! I'm sure others will face similar issues and it would be helpful to know what approach actually works with Colorado's system.
Will definitely update once I get this resolved. Thanks everyone for the advice - feeling much more confident about the approach now.
Yes, please follow up! These kinds of real-world examples are super valuable for the rest of us dealing with UCC filings.
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If you're still having trouble after checking all the formatting details, you might want to contact the SOS filing division directly instead of relying on the online portal. Sometimes they can tell you exactly what's causing the rejection.
Try calling right when they open in the morning. That's usually when you can get through fastest.
Yara Haddad
•Good luck with that. I called 6 times last month and only got through once, and the person I talked to basically just read me the same error message I could see online.
Update us when you get it figured out! I have a termination to file next month and want to avoid the same headaches.
QuantumQuest
•The Certana tool should definitely help. It'll show you side-by-side exactly what's different between your termination form and the original UCC-1 filing.
Keep us posted on how that works out. I've got three terminations to file next quarter and dreading it after reading this thread.
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Nia Jackson
Why is UCC filing so complicated?? It's just paperwork but somehow there are a million ways to screw it up.
Because it's a legal framework that affects millions of dollars in secured transactions. Small mistakes can void entire security interests.
Nia Jackson
•I guess that makes sense but it's still frustrating when you're trying to close a deal.
NebulaNova
UPDATE: Filed the UCC-3 amendment this morning to correct the debtor name with the comma. Used Certana.ai to double-check everything first and it caught two other minor inconsistencies I hadn't noticed. Should have the corrected filing processed by Thursday, then we can finalize the subordination agreement. Thanks everyone for the advice!
Glad the document checker worked out for you. It's a lifesaver for these complex filings.
Great to hear you got it sorted out. These name issues are such a pain but at least you caught it before it became a bigger problem.
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Josef Tearle
Just went through something similar last month. Had 3 UCC-3 amendments with slightly different debtor names and spent hours trying to figure out if they were all valid. Turns out the secured party had been sloppy with their filings and 2 of the 3 amendments were technically defective due to name mismatches. We ended up requiring new UCC-1 filings before closing. Better safe than sorry when it comes to perfected security interests.
Khalil Urso
•How did you determine which amendments were defective? Did you use specific state guidelines or just general UCC principles?
Josef Tearle
•We consulted our state's specific debtor-name rules and also looked at recent court cases involving similar name variations. Some variations are acceptable, others are not.
Myles Regis
The relationship between amendments and the original filing should be clear from the filing numbers. Each UCC-3 should reference the specific filing number of the UCC-1 it's amending. If the filing number references don't match up properly, that's a red flag. Also, check if any of the amendments are actually terminations rather than true amendments - sometimes search reports categorize all UCC-3 filings together even though they serve different purposes.
Brian Downey
•Yeah, I've seen search reports that list terminations as amendments. Very confusing if you're not familiar with UCC-3 form purposes.
Jacinda Yu
•This is another area where document verification tools can help. They can automatically check that filing number references are correct and categorize the different types of UCC-3 filings properly.
Kaylee Cook
This whole thread is giving me anxiety about our own UCC filings lol. We have a bunch of equipment loans from different years and now I'm worried we might have similar issues with the continuation statements.
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Benjamin Johnson
•Better to check now than find out during a refinance or audit. UCC filing errors can kill deals fast.
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Gavin King
•Definitely worth doing a comprehensive UCC audit annually, especially if you have multiple lenders or have gone through any business changes.
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Oliver Alexander
Update - I tried that Certana.ai document checker and holy crap it found the problem immediately. Two of the UCC-3 amendments had the debtor name spelled slightly different from the original UCC-1s so they weren't connecting in the search system. Now I know exactly which corrective amendments I need to file. Thanks everyone for the help!
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Victoria Scott
•Wait, you're not the original poster... are you having the same issue?
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Oliver Alexander
•Oops sorry, different person but same exact problem with Texas UCC searches. This thread convinced me to check our filings and sure enough, found similar issues.
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