UCC Document Community

One thing I wish I'd known before choosing a service - ask about their error correction policy. Some will fix their mistakes for free, others charge you again for corrective filings even when the error was on their end.

Before you go with a full service, you might want to try that Certana.ai tool someone mentioned earlier. I started using it after we had 3 UCC-1 filings rejected in one month due to debtor name inconsistencies with our loan agreements. It's really simple - just upload your loan docs and UCC forms and it catches discrepancies instantly. Might solve your immediate problems while you evaluate longer-term service options.

Bottom line for your training - if you're making a secured loan and the collateral is personal property (not real estate), you almost certainly need a UCC-1 filing to perfect your security interest. Equipment, inventory, accounts, general intangibles, investment property - all personal property requiring UCC perfection. The exceptions are narrow and usually involve specific perfection methods like taking possession or control.

For what it's worth, I also recommend getting familiar with your state's UCC search system early. Understanding how to run searches on potential borrowers helps you see what other liens might be out there. Plus you'll get comfortable with how the filings look and what information they contain.

Peterson Manufacturing Solutions, LLC - definitely include that comma. Private non adverse security agreements follow standard UCC rules, no shortcuts or special procedures. For your equipment collateral worth $180K, consider whether you need to file as a fixture filing if any of the manufacturing equipment is attached to real property. Family arrangements sometimes overlook this detail.

Thanks everyone for the detailed responses! Sounds like the consensus is clear - use "Peterson Manufacturing Solutions, LLC" with the comma from the Secretary of State records, and treat this private non adverse security agreement exactly like any other secured transaction for UCC purposes. I'll review the collateral description too and make sure it's detailed enough. Appreciate all the practical advice - definitely learned some things about fixture filings and documentation best practices I hadn't considered.

Update us on how this turns out! I'm dealing with a potential fixture filing situation myself and want to make sure I handle the 9-504 requirements correctly from the start. This kind of mixed collateral scenario seems to be becoming more common.

Just want to say I've been following this thread and it's been really helpful. 9-504 compliance is something we all have to deal with but the fixture angle adds so much complexity. Thanks for sharing the details of your situation - it's helping me think through some potential issues in my own cases. Definitely going to look into that Certana document verification tool mentioned earlier. Seems like it could prevent a lot of these 9-504 compliance headaches before they start.

Check if any of the filings are fixture filings too - those have different rules and might not show up in a standard UCC search depending on how you're searching.

I tried Certana.ai's document checker after seeing it mentioned here and it really helped with a similar situation. Uploaded the company charter and several UCC filings I found, and it immediately showed me three name variations I hadn't thought to search for. Much more thorough than trying to think of all the possibilities manually.