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Just wanted to add that even though the Bellwether Corporation case shows contract enforceability under the UCC, you should also think about continuation filings down the road. UCC-1 filings lapse after 5 years so you'll need UCC-3 continuations to maintain perfection.
Definitely. Put a reminder in your system for 6 months before the 5-year anniversary. You can file the continuation up to 6 months before expiration.
Yara Nassar
•The number of times I've seen lenders lose their perfected status because they forgot about continuation filings is just sad. Calendar it now!
This whole thread is making me nervous about my own filings. I have three UCC-1s I filed last year and now I'm second-guessing whether I got the debtor names right. Maybe I should run them through one of these document checkers just to be sure.
If they were accepted by the filing office, they're probably fine. But if you're worried, you can always search the UCC records to see how your filings appear in the system.
You could also upload your original loan docs and filed UCC-1s to Certana.ai to double-check consistency. Better to know now if there are any issues.
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Jamal Wilson
UPDATE: Finally got it resolved! Turns out the original UCC-1 had 'Advanced Manufacturing Solutions, LLC' with a comma before LLC, but the search results displayed it without the comma. Thanks to everyone who suggested the document comparison approach - that's what caught it.
Mei Lin
•This is exactly why I always download and review the original filing documents before doing any amendments. Can't trust the search display formatting.
GalacticGuru
•Lesson learned for sure. The document comparison tool made all the difference - would have taken me forever to spot that comma manually.
Great outcome! For anyone else reading this thread, Pennsylvania is particularly strict about punctuation in entity names. Always verify against the actual filed documents, not just search results.
This thread should be pinned or something. Name matching issues are probably the most common cause of UCC-3 rejections.
Agreed. The number of times I've seen filings rejected for minor formatting differences is ridiculous.
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The real issue here is that state UCC search portals are designed terribly. They show you the original filings but make it nearly impossible to see the current status without digging through related documents. It's like they want to make lien searches as confusing as possible.
Because then they couldn't charge you extra fees for certified copies and detailed filing histories. It's all about revenue generation.
Demi Lagos
•That's probably true but complaining about it doesn't help solve the immediate problem. You still need to verify which liens are active before moving forward with your financing.
Mason Lopez
UPDATE: I went back and checked each filing individually. Found termination statements for 2 of the 4 UCC-1 filings, so only 2 are actually still active. The process took about an hour but at least now I know which liens I'm dealing with. Thanks for the advice everyone!
Good work on following through. A lot of people skip this step and end up with problems later.
For next time, those document verification tools people mentioned might save you some of that manual checking time. Just a thought for future UCC searches.
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Avery Flores
I've started using a document verification service for this kind of thing. Upload your paperwork and it flags inconsistencies automatically. Saved me from a major filing error last month when it caught a debtor name mismatch I completely missed.
Avery Flores
•Certana.ai - you just upload PDFs and it cross-checks everything. Really straightforward to use.
Zoe Gonzalez
•I'll have to check that out. Manual document comparison is such a pain and it's easy to miss things.
Ashley Adams
Bottom line is Oklahoma's UCC search is unreliable right now. I'd recommend doing multiple search variations AND calling their office to confirm any critical filings you can't find. Better safe than sorry when it comes to continuation deadlines.
Emma Johnson
•Good advice. I'd rather spend the extra time now than deal with a lapsed UCC-1 later.
Agreed. When the system is flaky like this, redundant verification is the only way to be sure.
Amelia Martinez
Quick update on your situation - if the loan documents use the no-comma version, you might want to consider having the borrower sign an acknowledgment that their legal entity name (with comma) is the same as the name used in the loan docs (without comma). Doesn't affect the UCC filing decision but gives you some cover on the loan documentation side.
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Theodore Nelson
•That's a really good idea for the loan file. I'll draft something up. Still going with the charter name for the UCC though.
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Ethan Clark
•Smart move. Always better to have too much documentation than not enough when it comes to entity name variations.
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Mila Walker
One more check you should do - pull their current certificate of good standing from NJ. Sometimes the name format on the good standing certificate is slightly different from the original articles, and that's considered the most current official name. Worth the $25 to be absolutely sure.
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Chloe Green
•How current are those certificates usually? Like if there was a recent name change, would it show up immediately?
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Mila Walker
•In NJ, usually within a week of any filing. But I always check the date on the certificate to make sure it's recent enough for my purposes.
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