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Liam McGuire
The bottom line is your rights don't change but the public records should be updated. If Apex hasn't filed a UCC-3 yet, I'd ask them directly about their timeline. Most professional lenders handle this automatically within a few weeks of acquiring the loan. If they seem clueless about it, that might be a red flag about their competence.
Exactly. I'd want to see proof that they know what they're doing before trusting them with my collateral.
This is why I always request copies of all UCC filings from any new lender. Makes it clear they need to stay on top of the paperwork.
Dylan Wright
Update: talked to Apex today and they said they filed the amendment last week. Going to check the state database tomorrow to verify. Thanks everyone for the advice - definitely learned more about UCC transfers than I expected to!
Let us know what you find! Always curious to hear how these situations work out.
If you want to double-check that everything matches up properly, that Certana tool someone mentioned earlier is pretty handy for comparing the amendment against your original docs.
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Ethan Moore
Just make sure you're complying with your state's specific UCC notice requirements. Some states have additional requirements beyond the basic UCC article 9 rules. Check with a local attorney if you're unsure.
Omar Farouk
•We're in Texas. The debtor is a Texas LLC and equipment is located here too, so should be straightforward Texas law.
Ethan Moore
•Texas follows standard UCC pretty closely but definitely verify. Texas has good UCC resources on the Secretary of State website.
StarSurfer
The fact that you're asking these questions shows you're taking it seriously. That's half the battle. Document everything, follow the rules, and you should be fine. The UCC disposition process works well when done properly.
Omar Farouk
•Appreciate all the advice. This forum has been incredibly helpful. Will update once we complete the sale process.
Carmen Reyes
•Please do update us. Always good to hear how these situations resolve. Good luck with the sale!
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Rachel Tao
Pro tip: always include your contact information in the additional info section when filing late terminations. Sometimes the filing office will call if they have questions about the timing or need clarification.
Good advice, thanks. I'll make sure to include my direct line and email.
Rachel Tao
•Exactly. Better to be proactive about communication than have the filing sit in limbo.
Derek Olson
Update us when you get it resolved! I'm dealing with a similar situation and curious how it works out for you.
Will do. Planning to file the UCC-3 termination early next week after I verify the continuation status.
Derek Olson
•Perfect, looking forward to hearing how it goes.
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I actually ran into a similar issue recently and tried that Certana.ai verification tool someone mentioned earlier. Really straightforward - just uploaded both the original UCC-1 and the questionable 'information only' filing and it flagged several inconsistencies in the debtor identification that would make the second filing ineffective anyway. Saved me from spending billable hours doing manual comparison work and gave me confidence that our priority position wasn't threatened.
Miguel Silva
•That sounds like exactly what I need - automated verification to catch issues I might miss doing it manually.
Yeah it's really helpful for these multi-filing situations where you need to check consistency across documents.
Bottom line is this: if your UCC-1 was filed first, is properly continued, and accurately describes the collateral and debtor, then some random 'information only' filing shouldn't affect your priority. But you should definitely verify that the subsequent filing doesn't somehow have an earlier priority date or claim to be an amendment to an earlier filing you weren't aware of.
Amina Toure
•Exactly right. Priority analysis requires looking at the complete filing history, not just the two documents in question.
And make sure to check if they're claiming it's a continuation or amendment of something filed before your UCC-1.
Ethan Davis
Quick question - if the UCC-1 was filed electronically, does the continuation also have to be filed electronically? Or can it be paper?
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Sean O'Connor
•Most states accept either electronic or paper continuations regardless of how the original was filed. Electronic is usually faster and cheaper though.
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Ethan Davis
•Makes sense, thanks for clarifying that.
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Yuki Tanaka
Update: I talked to our loan officer today and they confirmed the UCC-1 expires in March 2025. They're planning to file the continuation in December 2024. Thanks everyone for the helpful information - this thread really helped me understand the process better!
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Isabella Santos
•Great to hear you got it sorted out! December filing gives you plenty of buffer time.
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Luca Conti
•Perfect timing. You're all set then. Just keep that confirmation email for your records.
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