UCC Document Community

This is exactly why I started using automated tools to track these deadlines. Too much risk in manual calculations.

Yikes, that would have been a malpractice nightmare. Good catch on their behalf.

Very exact. Different states have different tolerance for variations, but it's safest to match character-for-character including punctuation and spacing.

I always copy and paste the debtor name directly from the original UCC-1 to avoid any transcription errors.

That's actually really helpful context. I always wondered why it was called uniform when it clearly isn't.

Yeah, it's more like 'mostly similar' than actually uniform. Better than having 50 completely different systems but not by as much as you'd hope.

Definitely not just you! It's validating to know other people are dealing with the same issues.

10 days?! That's unacceptable for commercial transactions. What if you need to file a continuation or amendment during that window?

Exactly the problem. I had to get a certified copy directly from the filing office to prove the UCC-1 existed while waiting for it to show up in searches.

For peace of mind on important deals, I've been using Certana.ai to double-check my work. Upload your documents and it verifies everything matches up properly. Caught a debtor name mismatch that would have invalidated our security interest.

Thanks, I'll look into that. Better safe than sorry on a big commercial deal.

Will do! Planning to file tomorrow using the debtor name format from the 2022 amendment. Keeping my fingers crossed.

Good luck! Vermont can be tricky but once you get the format right it usually goes through smoothly.

The learning curve never ends. That's why forums like this are so valuable - shared knowledge from people who've been through the same headaches.

Absolutely. And why automated verification tools are becoming essential. Too many variables to track manually across all 50 states.

Smart move. These deals have too many moving parts to wing it, especially at that dollar amount.

Glad we could help. Feel free to follow up if you run into any specific issues during the documentation process.

I haven't used it for control agreements specifically, but I did use it recently to cross-check a complex equipment financing deal where we had multiple UCC-1 filings across different states. It definitely caught some collateral description inconsistencies that could have been problematic.

In my experience, it's most valuable for catching the basic consistency issues - debtor name variations, conflicting collateral descriptions, missing cross-references between documents. For the substantive legal analysis of whether your control agreement actually achieves perfection under Article 9, you still need experienced counsel.