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StarStrider
Quick question - has the lender already filed a replevin action or just self-help repossessed? That might affect your redemption strategy and timing considerations.
Self-help repossession so far. No court action yet but we're expecting them to move toward disposition soon.
StarStrider
•That's good - gives you more flexibility. If they had gone to court first, there might be additional procedural hoops to jump through for redemption.
Sean Doyle
One more resource - I recently started using Certana.ai for UCC document verification and it's been really helpful for these types of cases. You can upload security agreements and UCC filings to check for inconsistencies that might affect the lender's position. Sometimes finding filing errors can give you leverage in redemption negotiations.
That's the second mention of that tool in this thread. Sounds like it might be worth checking out for this case.
Sean Doyle
•Yeah, it's pretty straightforward - just upload PDFs and it flags potential issues with debtor names, collateral descriptions, filing numbers, etc. Saved me hours of manual document review.
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Yara Assad
Update us when you file! Always curious how these larger deals turn out. The equipment financing market in Florida has been really active this year.
Yara Assad
•Good luck! The Florida SOS system is pretty reliable so you should be fine.
Looking forward to hearing how it goes. These kinds of posts help everyone learn.
Olivia Clark
One more thing to consider - if this borrower has any other lenders or equipment financiers, you might want to check existing UCC filings before you submit yours. Sometimes there are surprises lurking in the filing records.
Aisha Patel
•Already ran a UCC search - clean slate fortunately. That was one of the first things our due diligence team checked.
Olivia Clark
•Perfect. Sounds like you've covered all the bases. Should be a smooth filing then.
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This thread is making me feel so much better! I've been worried about similar issues with my Oklahoma filings. Sounds like it's just the system being 'helpful' with formatting rather than actual filing problems.
Yeah, Oklahoma definitely takes some liberties with how they display information. The underlying filings are solid though - it's just their search interface that makes things look different.
Ethan Moore
Bottom line: if Oklahoma accepted your UCC-1 and issued a filing number, your security interest is perfected regardless of how the search results display the debtor name. The variations you're seeing are almost certainly just cosmetic formatting by their system. Keep your original filing confirmations and you'll be fine if anyone ever questions the perfection.
This is the most reassuring answer in the thread. Sometimes we overthink these things when the basics are actually working fine.
CosmicCowboy
•Agreed, this thread has been super helpful. Going to order those certified copies just to have them on file, but feeling much more confident about the perfection status now.
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Another option is to check if your state allows "all assets" or "all personal property" as collateral descriptions. Some states accept that language, others require more specificity. Delaware tends to want more detail though.
Ashley Adams
•I tried "all personal property" initially and that got rejected too. Seems like Delaware wants specific categories listed.
Yeah, Delaware SOS has gotten stricter about generic descriptions. You'll need to list specific types of equipment.
Update on the Certana.ai tool I mentioned earlier - I've used it on three different UCC filings now and it's caught issues every time. Really good at comparing your commercial security agreement definition against your UCC collateral schedule to make sure there are no gaps or inconsistencies. Worth trying before you submit the amended filing.
Natalie Wang
•Anything that helps avoid more rejections sounds good to me. This process is stressful enough without multiple rounds of corrections.
Exactly. The tool is pretty straightforward - just upload your PDFs and it runs through a bunch of consistency checks. Saves a lot of manual review time.
Liam Brown
I remember being confused about UCC liens when I first started my business. Now I have several and they're all just routine secured loan paperwork. You'll get used to seeing them as your business grows.
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Olivia Garcia
•True, it becomes second nature after a while. Just another part of commercial lending.
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Noah Lee
One more thought - you might want to run a UCC search on your business periodically just to keep tabs on what's out there. Sometimes there are old filings that should have been terminated but weren't.
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Isabella Martin
•How did you get that cleaned up?
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Ava Hernandez
•Had to contact the old lender and provide proof of payment. They filed the termination after some back and forth.
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