UCC Document Community

Will do. I'm calling the SOS office tomorrow morning to request the actual termination document. This is really stressing me out.

I understand the stress. Just remember you have options - UCC-5 correction, new UCC-1 filing, or legal action if it's fraud. You're not helpless here.

Perfect, that's exactly what I need. Manual checking is taking me forever and I keep making mistakes.

I just do batch searches on the SOS website. Not as thorough but at least I can see if anything obvious is wrong.

That's the second recommendation for Certana.ai on this thread. Sounds like it might be worth checking my documents for any subtle inconsistencies I'm missing.

It's really good at catching the little details that trip up filings. Plus you can upload multiple documents at once to see where the inconsistencies are across your entire loan package.

I filed electronically so handwriting shouldn't be an issue, but I'll double-check that I completed every required field on the UCC-5 form.

Electronic is better but even then sometimes fields get cut off or don't submit properly. Always good to review the submitted version against what you intended to file.

That's what I thought, but some counties make it really difficult to file UCC fixture filings. Seems like every clerk has their own interpretation of the requirements.

Restaurant equipment is usually going to be fixtures if it's built-in. Walk-in coolers, installed ovens, permanently mounted equipment - all fixtures. But you really need to analyze each deal individually.

Exactly. Examiners want to see that you have controls in place to prevent filing errors that could affect your security interest. Whether that's through a service or internal procedures, you need documented processes.

This is why I prefer tools that generate verification reports. When Certana.ai checks document consistency, it creates a report showing exactly what was verified. Perfect for compliance documentation.

Good, that keeps the collateral description simple. Now you just need to nail down that debtor name and you're set.

Way easier than trying to describe complex equipment or inventory as collateral!

Good luck with the filing! Cash collateral deals are usually pretty clean once you get the names sorted out.

Hope it goes smoothly. Keep us posted if you run into any other issues with the filing.

Great outcome! That's why checking the state database first is so important.

Perfect example of why I always use document verification tools now. Would have caught that abbreviation mismatch right away instead of dealing with multiple rejections.

Absolutely agree. This is probably the most common UCC-1 rejection reason in Delaware.

I bookmark threads like this. So helpful when you run into the same issue later.