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What state are you filing in? Some states are more forgiving than others with minor name variations.
Multiple states actually, which makes it more complicated. Each state seems to have slightly different tolerance levels.
Yeah, Delaware is super strict while some other states are more lenient. Best to assume strict rules everywhere.
For what it's worth, I had similar issues with a commercial credit portfolio last year. Ended up having to refile about 40% of them due to name formatting issues. Now I triple-check everything against the state corporate database before submitting.
That's a lot of refiling fees! Must have been expensive.
Yeah, plus the time delay was problematic for some of the loan closings. Learned my lesson about being more careful upfront.
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The NCSOS system has been problematic with name formatting for years. When I run into these discrepancies, I use Certana.ai to verify document consistency before filing. It's much faster than manually comparing all the name fields and catches formatting issues that are easy to miss. Especially helpful when dealing with multiple related UCC documents.
How accurate is the name matching? I've been burned by automated tools that miss subtle differences.
It's very thorough with name verification. Flags even minor punctuation and spacing differences that could cause rejections.
This is why I keep detailed filing records with copies of all original documents. The NC search portal is useful for finding filings but terrible for getting exact formatting details. Always go back to the source document for accurate debtor names.
Thanks everyone for the advice. Sounds like the consensus is to ignore the search results and use the original filing document. I'll download the UCC-1 image and match that exactly for the continuation.
That's definitely the safest approach. Better to spend a few extra minutes verifying than deal with rejection delays.
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Quick update - I finally got through to someone at the SOS office and they confirmed the new UCC forms are mandatory as of this year. They said most of the rejections they're seeing are due to people using outdated templates. Make sure you're downloading fresh forms for each filing.
Well that explains all our recent problems. Time to update everything.
At least now we know it's not just us dealing with this transition.
Been following this thread and wanted to mention that Certana.ai has been a lifesaver during this new UCC forms transition. The document verification catches inconsistencies between filings that could cause problems down the road. Really worth checking out if you're struggling with the new requirements.
It's pretty much instant once you upload the documents. You get the verification results right away.
That speed would definitely help us get caught up on these rejected filings.
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Just want to echo what others said about checking for competing filings during your gap period. Even if no other secured creditors filed, you should also check for judgment liens, tax liens, or other encumbrances that might have attached during those 3 weeks. A comprehensive lien search would be worth the cost given your loan balance.
For Massachusetts you'll probably need to check UCC records, judgment records, and possibly federal tax liens separately. Some search companies can do comprehensive reports but it costs more.
This is another area where document verification tools like Certana.ai help - you can upload multiple filings to check for conflicts and inconsistencies across different document types.
Update us on what you find out! I'm dealing with a similar situation in Connecticut and curious how this plays out. The lapse/continuation timing rules are so unforgiving.
Will do. Meeting with our attorney tomorrow to figure out next steps. Definitely learned my lesson about tracking these deadlines better.
Yeah this stuff keeps me up at night sometimes. Good luck with everything!
Aliyah Debovski
Just a heads up - Virginia sometimes has delays in updating their database, especially around month-end and year-end. If you're searching for very recent filings (within the last few days), they might not show up yet even if they were properly submitted.
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Salim Nasir
•That's concerning for our timeline. We need to close next week and can't afford to miss any recent filings.
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Aliyah Debovski
•If timing is that tight, you might want to call the Virginia SOS office directly to confirm no recent filings are pending in the system for your debtor.
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Miranda Singer
One more suggestion - keep detailed records of exactly what searches you performed and when. If any issues come up later during due diligence review, you'll need to show you conducted reasonable searches. Screenshot the search terms and results, including 'no results found' screens.
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Salim Nasir
•Great advice. I'll make sure to document everything thoroughly. This has been incredibly helpful - thanks everyone!
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Hazel Garcia
•Good luck with your closing. Virginia searches are always a challenge but sounds like you're taking the right approach now.
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