UCC Document Community

Try searching with the federal EIN number if you have it. Sometimes Nevada filings include the tax ID and you can catch filings that way even if the name search misses them.

Update: I ended up using that Certana tool someone mentioned earlier and it found 2 additional filings I completely missed with manual searches. One was filed under "Mt View Equipment LLC" (abbreviated) and another under the owner's personal name as additional debtor. Both would have been senior to our filing. Tool paid for itself immediately.

For future reference, it's worth addressing UCC subordination early in the deal structure phase rather than waiting until closing. Solar projects have enough moving parts without adding last-minute lien priority disputes.

Thanks for sharing the resolution. Solar UCC subordination cases like this help establish precedents for how to handle collateral splits in renewable energy projects. The industry needs more documented solutions like yours.

This whole thread is making me paranoid about the searches I've been doing! I usually just search the exact name from their corporate records and call it good. Sounds like I need to be more thorough.

Just wanted to follow up on the Certana.ai suggestion from earlier in the thread. I tried it out for a recent deal and it worked really well. Uploaded the target company's articles of incorporation and a few UCC-1s I had found, and it identified two additional name variations I should search for. Found one more active filing that way. Pretty straightforward to use and definitely caught stuff I would have missed doing it manually.

Just went through this whole process and it's not as complicated as it seems. The main UCC security agreement requirements are pretty basic - you need language that creates a security interest, a description of what you're securing, and the debtor's signature. Don't overthink the collateral description. As long as someone could reasonably figure out what equipment you're talking about, you should be good. Your attorney can help with the specific language but the concepts are straightforward.

One thing I learned the hard way - make sure your security agreement language actually works for your state's UCC requirements. Most states are pretty similar but there can be subtle differences in how they interpret certain provisions. Also double-check that the agreement covers everything you want to secure, including proceeds if the equipment gets sold. Your attorney should know all this but it's good to understand the basics yourself.

Last resort option - you can file a correction statement on the UCC if they won't cooperate. It won't terminate the lien but it creates a public record that the debt was satisfied. Better than nothing while you're fighting with them.

Update us on what works! I'm bookmarking this thread because I have a feeling I'll need this advice when my equipment loan matures next year. These lender delays seem to be getting worse not better.