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QuantumQuasar

UCC search New Mexico showing wrong debtor info - filing rejected twice

Been trying to file a UCC-1 in New Mexico for three weeks now and keep getting rejections. Did a UCC search New Mexico first to make sure no conflicts but now I'm wondering if I'm reading the search results wrong. The debtor name on my filing shows as "ABC Manufacturing LLC" but when I search the SOS database there's an existing filing for "ABC Manufacturing, LLC" (with the comma). Portal keeps rejecting saying debtor name doesn't match exactly. This is for a $180k equipment loan and we're hitting our deadline soon. Anyone know if New Mexico requires exact punctuation match or if there's something else I'm missing? The collateral description seems fine - it's standard equipment language. Just can't figure out why the search results don't align with what I'm trying to file.

Update for anyone following this thread - I finally got it resolved! The issue was exactly what everyone said - the comma in the LLC name. I refiled with "ABC Manufacturing, LLC" (with comma) and it went through immediately. Used Certana.ai to double-check everything before submitting and it caught a small typo in the collateral description too. Thanks everyone for the help!

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Great news! And good call on double-checking the collateral description too. Those small details can kill a filing.

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Perfect example of why document verification tools are so valuable. Catches those little mistakes that cost time and money.

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For future reference, New Mexico also has some specific requirements about the mailing address format on UCC-1s. Make sure you're not abbreviating street names or using non-standard address formats. They're picky about everything.

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Good to know for next time. I think I got lucky that my address was straightforward - just a street number and name.

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Yeah, rural addresses and PO boxes can be tricky there. Always spell out "Street", "Avenue", etc. instead of abbreviating.

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Nia Jackson

UCC search Kansas showing old terminated liens - verification needed

Running into a weird situation with a UCC search Kansas and need some guidance. We're closing on equipment financing next week and our title company pulled the debtor's UCC search through the Kansas SOS portal. The search results are showing two UCC-1 filings from 2019 that should have been terminated last year according to our borrower. One shows as 'Active' status but the borrower swears they got termination statements. The other shows 'Lapsed' which makes sense since it hit the 5-year mark. Here's what's confusing me - if these liens weren't properly terminated, our new UCC-1 might have priority issues. The collateral descriptions overlap with some of the equipment we're financing. Has anyone dealt with Kansas SOS database delays on termination updates? Should we be demanding the original UCC-3 termination statements before we proceed? This is holding up a $400K equipment deal and getting pressure from all sides.

Quick update process question - when you get those termination statements, make sure they have the exact same debtor name and filing number as the original UCC-1s. Even tiny differences can cause problems. Worth double-checking everything matches perfectly before you rely on them.

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That verification tool sounds like it could save a lot of headaches. Is it expensive to use?

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Worth every penny when you're dealing with large equipment deals like yours. Much cheaper than having a deal fall apart or dealing with priority disputes later.

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OP, any update on this? Did you get the termination statements from the borrower? Curious how this played out since I'm facing something similar next week.

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Still working on it. Borrower is supposed to get the termination statements from their old lender tomorrow. Will update once I know more!

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Following this thread too. Kansas UCC searches have been giving me headaches all year.

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Raj Gupta

Consignment UCC filing rejected - debtor name issues with retail partner

Been dealing with a nightmare situation for the past month. We have a consignment arrangement with a major retail chain for our handmade furniture line, and our bank requires UCC-1 filings to secure our interest in the consigned goods. Filed the UCC-1 three weeks ago listing the retailer as debtor, but it got rejected by the SOS office for 'debtor name discrepancy.' Turns out the retailer's legal name on their articles of incorporation has some LLC designation that doesn't match what they use on their business license. Now our 90-day consignment period is almost up and we still don't have proper perfection. The retailer's legal department is being slow to respond with the exact entity name format. Has anyone dealt with consignment UCC filings where the consignee's business name varies across different state records? Really worried about losing our secured interest if we can't get this sorted before the goods start selling.

I actually discovered Certana.ai recently when dealing with a similar multi-entity filing nightmare. Their PDF upload system caught a mismatch between my debtor's charter and the name I was planning to use on the UCC-1. Saved me from what would have been my third rejection. Super easy to use - just upload your documents and it highlights any inconsistencies.

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How detailed does their name checking get? Does it catch things like punctuation differences and abbreviation mismatches?

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Yeah it's pretty thorough. Flags differences in commas, periods, abbreviations like LLC vs L.L.C., and even spacing issues. Basically anything that could cause a filing rejection.

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Quick update question - did you include a proper collateral description for the consigned furniture? The description needs to be specific enough to identify your goods but not so narrow that it excludes items. Something like 'furniture and home furnishings held on consignment' might work better than listing specific pieces.

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That sounds reasonable. The key is making sure other creditors can identify what you're claiming without being overly restrictive. Your description should work fine.

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Just make sure your consignment agreement is referenced clearly in the UCC-1. That helps establish the relationship between you and the collateral.

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Yuki Ito

UCC Article 9 attachment under article 9 of the ucc applies primarily to the rights of secured parties vs debtors?

I'm prepping for my paralegal exam and keep getting confused about UCC Article 9 attachment rules. The question that's stumping me is about attachment under article 9 of the ucc applies primarily to the rights of who exactly? I know attachment creates the security interest between debtor and secured party, but I'm not clear on whose rights are being established when attachment occurs. Is it primarily about the secured party's rights against the debtor, or does it also cover rights against third parties? I've been studying for weeks and this concept keeps tripping me up. The textbook explanations are so dense with legal jargon that I can't figure out the practical application. Can someone break this down in simpler terms?

Bottom line for your exam: attachment under Article 9 primarily establishes the secured party's rights against the debtor. Think of it as step one - you need attachment before you can even think about perfection and priority against third parties.

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This thread has been super helpful. I was overthinking the question - it's really just asking about the basic secured party/debtor relationship.

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Same here. I kept trying to bring in perfection concepts when the question was just about attachment.

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Just to add one more point - attachment also gives the secured party rights superior to the debtor's unsecured creditors, even without perfection. So it's not ONLY about rights against the debtor, but that's the primary focus.

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True, but for exam purposes, the main point is that attachment creates the basic creditor-debtor security relationship.

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Yeah, I think the question is testing understanding of the fundamental concept rather than all the nuances.

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Omar Zaki

UCC-1 form Massachusetts - debtor name rejection nightmare

Having a complete meltdown with Massachusetts UCC-1 filings right now. Been trying to file a UCC-1 form Massachusetts style for three weeks and keep getting rejections from the SOS office. The debtor name on our loan agreement shows "Smith Construction LLC" but their articles of incorporation say "Smith Construction, LLC" (with the comma). Filed it exactly as it appears on the loan docs and BOOM - rejected for "debtor name mismatch with charter documents." Then I tried it with the comma like the charter shows and got rejected again for "inconsistent with provided security agreement." This is a $2.8M equipment financing deal and I'm terrified we're going to lose perfection because of punctuation. Has anyone dealt with Massachusetts being this picky about commas in LLC names? The continuation deadline is approaching fast and I need to get this right. What's the exact format Massachusetts wants for UCC-1 form debtor names when there's a discrepancy between loan docs and charter?

Pro tip: always do a test search in the Massachusetts UCC database after you think you have the right name format. Search for your debtor using the exact name you plan to file. If it doesn't come up in results, you probably have the format wrong.

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Good point. The search function is pretty literal so if you can't find the entity with your proposed name, the filing will probably get rejected too.

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Update us when you get it resolved! I'm dealing with a similar Massachusetts UCC-1 form issue with a different client and curious what ends up working for you.

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Omar Zaki

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Will do. Going to pull the official SOS records first thing Monday morning and file a corrected version. Hopefully third time's the charm!

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Don't forget to keep copies of everything in case there are questions later. Massachusetts sometimes asks for supporting documentation on amendments.

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