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Miguel Silva
System is back up now! Just successfully filed two continuations that were stuck in limbo this morning. Looks like they've resolved whatever was causing the timeout errors.
Aisha Khan
•Perfect timing! Just submitted my emergency email filings but good to know the system is working again for anyone else having issues.
Still showing intermittent errors on my end. Might be rolling back online gradually.
This whole thread is a great reminder to always have backup plans for critical deadlines. I'm definitely going to research that Certana verification tool someone mentioned earlier - sounds like it could prevent a lot of last-minute stress.
Yara Nassar
•Is there a cost for the verification service? Not looking for exact pricing but wondering if it's reasonable for occasional use.
Jamal Wilson
•Very reasonable for the time and stress it saves. Much cheaper than dealing with lapsed liens or rejected filings due to name mismatches.
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Mae Bennett
This happens more often than people realize. Many businesses assume their main commercial agreement (loan, lease, etc.) automatically creates a perfectable security interest, but UCC Article 9 has specific requirements for security agreement formation. Without proper agreement language, there's no security interest to perfect.
Mae Bennett
•Depends on your original agreement language. If it's close, you might be able to amend it. If not, you'll probably need a new security agreement with proper UCC language. Either way, you'll need the debtor's signature on whatever creates the security interest.
I'd recommend having an attorney review the existing lease to see if it can be salvaged with an amendment versus needing completely new documentation.
Been there! Our first few UCC filings got rejected for the same reason. The problem was our loan agreements talked about collateral but never actually said the borrower was granting us a security interest in it. Had to learn the hard way that UCC filings require very specific underlying documentation.
Dana Doyle
•How did you fix your documentation going forward?
Got templates from our attorney that have all the right UCC language built in. Now every financing includes a proper security agreement alongside the main loan docs. Haven't had a rejection since.
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Bottom line: get your documents consistent before filing. I learned this the hard way when a UCC-1 got rejected because the collateral description didn't match what was actually in our security agreement. Now I always double-check everything matches up. There are tools that can help with this kind of verification if you don't want to do it manually.
Paolo Rizzo
•Definitely learned our lesson about document consistency. Going to triple-check everything before we submit.
Smart move. Better to spend extra time upfront than deal with rejected filings later.
Sean Kelly
UPDATE: Finally got this sorted out. Turns out the lender did want both the equipment AND our accounts receivable from jobs using the equipment. The 'account UCC definition' confusion was because they were using sloppy terminology. Equipment stays equipment, future receivables are accounts. Two separate types of collateral, both properly described now in the UCC-1. Thanks everyone for the help working through this!
Emma Taylor
•Nice resolution. Proper collateral descriptions make all the difference in these filings.
Amina Sy
•Good outcome. Always important to get the terminology right in secured transactions.
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I would also recommend getting title insurance for this transaction if the dollar amount justifies it. Even with thorough UCC 11 searches, there's always risk of missing something or having liens appear after closing. Title insurance can provide additional protection for larger equipment purchases.
Carmen Ortiz
•Title insurance for equipment purchases? I've never heard of that. Is this common practice for larger deals?
It's becoming more common for high-value equipment transactions, especially when there are multiple existing liens or complex ownership structures. Not all title companies offer it, but it's worth exploring for deals over $100K.
Thanks everyone for the detailed responses. I've run additional searches using various name formats and found 2 more liens I initially missed. I'm definitely going to use the Certana.ai tool mentioned to verify I have everything before moving forward. The seller is now claiming they weren't aware of some of these liens, which makes me even more cautious about this deal. I'll make sure to get written lien release commitments for every single filing before closing.
Smart approach. Better to be overly thorough upfront than deal with lien problems after closing. Good luck with the transaction!
You're doing everything right. The fact that the seller wasn't aware of their own liens is definitely concerning, but at least you caught it early in the process.
Dominique Adams
I'm dealing with equipment financing too and have never heard of UCC 11. My guess is your lender made an error. Just make sure whatever you end up filing actually perfects your security interest properly!
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Heather Tyson
•Absolutely! That's my main concern - I don't want to file the wrong thing and mess up our collateral position.
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Raul Neal
Final thought - if your lender continues to insist on this mysterious "UCC 11" form, ask them to provide you with the specific statute or regulation that requires it. Any legitimate UCC filing requirement will have a clear legal basis they should be able to cite.
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Christian Burns
•Smart approach. Real UCC requirements are always backed by specific statutes.
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Marilyn Dixon
•And if they can't explain it clearly, that's usually a red flag that someone misunderstood something along the way.
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