UCC Document Community

This whole thread has been incredibly helpful! I'm in a similar boat - just made my final payment on my Tesla solar loan last month and Tesla customer service has been absolutely useless in explaining the next steps. Reading through everyone's experiences, it sounds like I need to: 1) Get written confirmation that the loan is paid in full, 2) Check my state's Secretary of State UCC database in 30-60 days to verify the UCC-3 termination was filed, and 3) Be prepared to follow up aggressively if it doesn't show up. The name matching issue that @ElectricDreamer mentioned is something I hadn't considered - I'll definitely double-check how my name appears on all the documents. It's frustrating that something as simple as "loan paid off" requires this much detective work, but at least now I have a roadmap. Thanks everyone for sharing your experiences!

As someone who just went through this exact process with my Tesla solar payoff, I can't stress enough how important it is to be proactive about tracking the UCC termination yourself. Don't rely on the loan servicer to keep you informed - I waited 45 days for them to "send me confirmation" that never came, only to find out they had actually filed the UCC-3 termination three weeks earlier. The state SOS database showed it clear as day, but nobody bothered to tell me. My advice: bookmark your state's UCC search page and check it weekly starting about 30 days after payoff. Most states make it pretty easy to search by debtor name, and you'll be able to see both the original UCC-1 filing and any termination statements. Also, screenshot everything when you find the termination - you'll want that documentation for your records, especially if you ever refinance or sell your home. The solar industry really needs to get better at communicating these critical steps to customers!

This thread has been incredibly helpful! As someone new to UCC filings, I was getting overwhelmed by all the different collateral categories and description requirements. It sounds like for equipment financing deals like this cabinet shop, the key is finding that balance between being specific enough to avoid rejection but broad enough to cover future equipment acquisitions. I'm taking notes on the suggested language like "all machinery, equipment, furniture, fixtures, tools, and other personal property used in connection with debtor's business operations" - that seems to hit the sweet spot. Also really appreciate the clarification on the nine main UCC collateral types. I had no idea there were so many categories beyond just equipment and inventory!

Thanks for this detailed discussion everyone! As someone who's relatively new to UCC filings, I'm realizing I need to be much more strategic about collateral descriptions. I've been leaning too heavily on generic language like "all assets" which clearly isn't going to cut it. The breakdown of the nine UCC collateral types is super helpful - I had been thinking there were only 3-4 categories. For equipment financing specifically, it sounds like the key is being descriptive enough to satisfy filing requirements while keeping it broad enough for operational flexibility. I'm curious about one thing though - when you include "fixtures" in equipment descriptions, do you need to worry about real estate filings too? And does anyone have experience with how different states handle the "reasonably identifies" standard? Seems like there's quite a bit of variation in what gets accepted.

Just went through this process myself. Took about 6 weeks to get all the amendments filed and accepted. Started with the largest loan amounts first in case there were any issues. The key is being super careful with the debtor names - they have to match exactly or the amendment links to the wrong filing.

Thanks everyone for the detailed advice! This is exactly what I needed to hear. Sounds like amendments are definitely the way to go to maintain our priority dates. I'm leaning toward hiring a service company for at least the bulk of these - 200 amendments across multiple states is more than I initially realized. Does anyone have recommendations for UCC service providers who specialize in bulk secured party name changes? Also, should I prioritize certain states first, or does it matter as long as I get them all done before the original filings expire?

One last thought - if you have multiple UCC filings affected by this secured party creditor change, consider batching the amendments together to streamline the process and reduce the chance of inconsistencies.

This thread has been incredibly helpful! As someone new to UCC filings, I'm wondering about the timing logistics - when you file the UCC-3 amendment to change the secured party creditor name, do you need to wait for the filing office to send back confirmation before proceeding with the continuation filing? Or can you track the amendment status online and file the continuation as soon as you see it's been accepted electronically?

Bottom line - UCC release = UCC-3 termination statement. Get a copy when it's filed. Verify it matches your original UCC-1 details. Don't let the lender drag their feet. You've got this!

Great thread everyone! Just wanted to add one more practical tip - if your lender is being slow with the termination filing, you can actually search the Secretary of State database yourself to monitor when it gets filed. Most states have online UCC search portals where you can check by your company name or the original filing number. I usually check weekly after loan payoff until I see the termination show up. Also helps you catch any errors in the filing before they become bigger problems later.