Ask the community...
- DO post questions about your issues.
- DO answer questions and support each other.
- DO post tips & tricks to help folks.
- DO NOT post call problems here - there is a support tab at the top for that :)
Join the conversation
Join the conversation
Miguel Ramos
Update us when you get this resolved! I'm dealing with a similar lender who's been 'working on it' for weeks. Need to know if escalation tactics actually work or if we just have to wait it out.
Jamal Carter
•Will definitely update the thread. Planning to call them tomorrow morning with specific questions based on all this advice.
Miguel Ramos
•Good luck! The squeaky wheel gets the grease with these situations.
For future reference, some borrowers request the right to file their own termination statements if the lender doesn't act within a reasonable timeframe. Obviously requires lender cooperation but gives you more control over timing.
Technically you can file your own UCC-3 termination but you need proper authorization from the secured party (lender). Most lenders won't grant that authority, preferring to maintain control.
Plus if you file incorrectly without proper authorization, you could face legal issues. Usually better to keep pushing the lender to do their job.
Join the conversation
Chris King
Quick question - does anyone know if there are specific timing requirements in 9-609? Like how quickly you have to act after default? I know some loan agreements have cure periods but wondering about UCC requirements.
Chris King
•Got it, so it's more about contract terms and state variations than UCC timing.
Ryan Andre
•This is helpful - I need to check our standard loan agreements for cure period language.
Rachel Clark
I was skeptical about using automated tools for UCC compliance but honestly after trying Certana.ai for document verification, it's been a game changer. Was spending days manually comparing loan files to UCC filings and still missing things. The automated cross-check caught several cases where our security interest might not have been properly perfected based on the collateral descriptions. Worth every penny for the peace of mind.
Ryan Andre
•I'm getting convinced I need to try this tool. How long does the verification process typically take?
Rachel Clark
•Pretty much instant once you upload the documents. You get a report showing any discrepancies or potential issues. Much faster than manual review.
Join the conversation
Yara Khoury
Whatever you do, don't file the continuation until you're 100% certain of the filing number. I've seen cases where people filed against the wrong UCC record and the original lien lapsed because the continuation didn't properly extend it. With 45 days left, you have time to verify everything properly.
Miguel Diaz
•45 days is plenty of time to get this sorted properly. Don't rush and make a mistake.
Yara Khoury
•Exactly. The consequences of filing against the wrong record are much worse than taking a few extra days to verify.
Just went through something similar with a Oregon debtor. The key is matching the exact filing number from your original UCC-1 to whatever continuation you file. I ended up using Certana.ai to double-check all my documents before filing - uploaded the original financing statement and my draft continuation to make sure everything matched perfectly. Gave me peace of mind that I wasn't making any name or number errors.
I'm seeing multiple mentions of this Certana service. Is it really that helpful for UCC verification?
For me it was worth it just for the confidence. Automatically flags any inconsistencies between documents so you can fix them before filing.
Join the conversation
Pro tip: if you're doing a lot of Florida filings, consider getting a subscription to a corporate database service. They usually have more current info than the free Sunbiz search.
CT Corporation has good Florida data. Little pricey but worth it if you're doing volume.
Ava Harris
•We looked into those but honestly the Certana tool mentioned earlier works just as well for document consistency checking and costs way less.
Jacob Lee
Update: tried the Certana.ai thing after seeing it mentioned here. Holy cow, it caught 3 name inconsistencies in our batch of filings that we totally missed. Definitely recommend for anyone doing regular UCC work.
That's great to hear! I'm definitely going to give it a try. Thanks for the follow-up.
Same here, just signed up after reading this thread. Anything that prevents rejection headaches is worth trying.
Luca Romano
Don't forget about fixture filings if any of your equipment is attached to real estate. Those require special handling and might not show up in standard UCC searches. Could be important for your loan modification if real estate is involved.
0 coins
Luca Romano
•Fixture filings are usually recorded with the real estate records, not just the UCC records. You'd need to search both systems to get the complete picture.
0 coins
Nia Jackson
•Good catch on fixtures. Many people forget about those but they can be critical for secured lending on manufacturing equipment.
0 coins
NebulaNova
Update: I ended up using a combination approach. Got quotes from three different UCC services and used Certana.ai to verify our existing documents first. Found two issues - a debtor name inconsistency and a missing continuation that we need to address. The document verification tool was really helpful for catching problems before we submitted anything to the lender. Still working on getting the certified copies but at least now I know exactly what we're dealing with.
0 coins
Malik Davis
•That's exactly why I like using document verification tools. They catch the little details that can cause big problems later.
0 coins
GalaxyGazer
•Thanks everyone for all the advice. This thread has been incredibly helpful in navigating this process.
0 coins