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Fatima Al-Hashemi

UCC search North Dakota results showing conflicting debtor info - need verification help

Running into a major headache with a UCC search in North Dakota and hoping someone can point me in the right direction. I'm working on a commercial loan package and the UCC search results are showing what looks like conflicting debtor information across multiple filings. The borrower's legal name appears slightly different on various UCC-1 forms (some show 'ABC Manufacturing LLC' while others show 'ABC Manufacturing, LLC' with the comma). The filing numbers all seem legitimate but I'm concerned about whether these are actually the same entity or different debtors. Has anyone dealt with similar name variations in North Dakota UCC searches? I need to verify these are all the same company before we can move forward with the loan approval. The stakes are pretty high here since we're talking about a $850K credit facility and I can't afford to miss existing liens or security interests. Any guidance on how to properly verify debtor identity consistency would be hugely appreciated.

Following this thread because I'm dealing with something similar in Minnesota. Different state but same basic challenge with entity name consistency across multiple UCC filings.

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Ravi Patel

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Minnesota has its own quirks with debtor names. Definitely worth checking their specific requirements and search procedures.

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Each state handles these things differently. What works in ND might not apply in MN, unfortunately.

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Omar Zaki

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Thanks for posting this - really helpful discussion. I'll definitely be more careful about debtor name verification going forward. Seems like there are good tools and procedures available if you know where to look.

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The key is being systematic about it. Don't just assume - verify everything through multiple sources.

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Exactly. A little extra diligence upfront can save massive headaches later in the process.

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Seraphina Delan

Confused about UCC type classifications - which form for equipment lease termination?

I'm handling the termination of a commercial equipment lease and I'm getting conflicting information about which UCC type to use. The original financing statement was filed as a UCC-1 for construction equipment, but now that the lease has ended, I need to properly terminate the lien. Some sources say I need a UCC-3 termination, others mention different UCC type codes depending on the collateral. The equipment includes excavators, bulldozers, and other heavy machinery that was originally financed through a 5-year lease agreement. The lease expired last month and all payments are current. I've been going in circles trying to figure out the correct UCC type classification for this termination. Has anyone dealt with equipment lease terminations and can clarify which specific UCC type form I should be using? I don't want to file the wrong type and have issues with the lien release.

Just to clarify the process - you'll file a UCC-3 termination statement, which removes the UCC-1 from the active records. The UCC type for this action is always termination regardless of the collateral type. Heavy equipment, inventory, accounts receivable - doesn't matter, termination process is the same.

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Micah Trail

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That makes sense. I was getting confused thinking different types of collateral required different forms.

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Common misconception. The UCC type refers to the action (filing, amending, continuing, terminating) not the collateral.

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Charity Cohan

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One more thing - double check that your lease didn't have any renewal options that might still be active. If there's a possibility of lease extension, you might want to hold off on the termination until you're absolutely sure the lease relationship is completely ended.

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Charity Cohan

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Perfect. Then UCC-3 termination is exactly what you need. Just make sure to keep a copy of the filed termination for your records.

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Josef Tearle

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Also recommend checking the termination status online after filing to make sure it processed correctly.

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LunarLegend

Need UCC Article 9 Summary for Lender Compliance Training

Our credit union is rolling out new secured lending products and I've been tasked with creating training materials for our loan officers. Management wants a comprehensive UCC Article 9 summary that covers the essentials without getting too deep into legal weeds. We're dealing with equipment financing, inventory loans, and some accounts receivable arrangements. I need to explain perfection requirements, priority rules, and filing obligations in a way that makes sense to people who aren't attorneys. Has anyone put together something like this before? I'm particularly struggling with how to explain the difference between attachment and perfection - seems like every resource I find either oversimplifies or goes way too technical. Also need to cover continuation filing deadlines since we've had some lapses in the past that created problems with our loan portfolio. Any guidance on structuring this would be really helpful.

Ethan Clark

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Don't forget to cover termination procedures when loans are paid off. You need to file a UCC-3 termination statement within a certain timeframe, and some states have penalties for failing to terminate when required. It's not just good practice, it's legally required in most cases.

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Diego Flores

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Usually 20 days after payoff for consumer goods, longer for other collateral. But check your state's specific requirements. Some states are stricter than others.

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Sean Flanagan

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We build termination filing into our loan payoff procedures. As soon as the loan is satisfied, the system generates a UCC-3 termination for filing. Can't rely on manual processes for something with legal deadlines.

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AstroAce

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This thread has been incredibly helpful. I'm putting together similar training for our agricultural lending division. Farming operations have unique collateral issues - crops, livestock, equipment that moves between fields. Any specific Article 9 considerations for ag lending?

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Nia Wilson

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Crop financing often involves purchase money security interests with specific notice requirements. And don't forget about agricultural liens that might have priority over UCC security interests.

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Mateo Sanchez

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For multi-state ag operations, you might need UCC filings in multiple states. The automated document checking tools can help ensure consistency across different state filings.

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Axel Bourke

UCC statement service issues in GA - need help with Peachtree City debtor name verification

Having a nightmare with a UCC-1 filing where the debtor is incorporated in GA but operates primarily out of Peachtree City. The original filing from 2019 shows the debtor name as 'Peachtree Medical Equipment LLC' but I'm finding inconsistencies when cross-referencing with GA Secretary of State records. The exact registered name appears to be 'Peachtree Medical Equipment, LLC' (with comma). This is for a $480K equipment financing deal and I'm worried the name mismatch could invalidate our security interest. Has anyone dealt with GA UCC statement service complications like this? The lender is freaking out because we're 6 months from the continuation deadline and just discovered this potential issue during our annual lien audit.

Ev Luca

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Filing the amendment is smart but also document everything for your lender file. Keep copies of the original UCC-1, the amendment, and the GA SOS records showing the correct name. If this ever gets questioned later you'll have a clear paper trail.

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Aidan Percy

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Smart practice. I always keep a complete filing history for each deal in case issues come up later.

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Ev Luca

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Exactly. Better to over-document than try to reconstruct the timeline years later.

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Avery Davis

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Thanks for posting this! I'm dealing with a similar situation in GA and this thread has been super helpful. Going to file my amendment tomorrow before I get too close to my continuation deadline.

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Axel Bourke

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Glad it helped! Better to be proactive about these things.

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Norman Fraser

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Good call. GA name matching issues are common but totally fixable if you catch them in time.

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Hunter Edmunds

UCC 9-31 requirement causing filing delays - need advice on compliance timing

Been dealing with a nightmare situation where our equipment financing UCC-1 filings keep getting held up because of UCC 9-31 compliance issues. We're a mid-size agricultural lender and have been filing UCCs for years but suddenly the secretary of state is flagging our submissions saying we're not meeting the UCC 9-31 requirements for debtor authorization timing. The specific issue is that we're getting our debtor authorizations signed but apparently there's some timing window we're missing between when the debtor signs and when we can actually file. Has anyone else run into this? We've got about $2.3M in equipment loans that need to be perfected and we're sitting in limbo while trying to figure out what exactly UCC 9-31 requires for the authorization timing. Our usual process has been to get the signed security agreement and file the UCC-1 within a few days but now they're saying that's not sufficient. Any insights on what the actual UCC 9-31 compliance window looks like would be hugely appreciated.

Aidan Hudson

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This is frustrating but fixable. The key is making sure your security agreement language specifically authorizes the UCC filing you want to make. A lot of older security agreement forms don't have explicit UCC authorization clauses.

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Good point about older forms. Ours might be from before the revised Article 9. Probably time to update our templates.

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Aidan Hudson

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Definitely. The 2001 revisions made authorization requirements more explicit. Worth having your forms reviewed by someone who knows the current rules.

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Zoe Wang

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UPDATE: We figured out the issue! Our security agreements had authorization for UCC filings but only for the 'collateral described herein.' When we filed UCCs with broader descriptions, we exceeded the scope of authorization. We're revising our security agreement template to authorize broader UCC collateral descriptions.

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Exactly what happened to us. Now we use Certana.ai to double-check that our security agreements and UCC-1s are consistent before every filing. Prevents these authorization mismatches.

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Thanks everyone for the help. Going to implement some document checking process to avoid this in the future. The Certana.ai suggestion sounds like it could save us from more headaches.

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