UCC Document Community

Been wrestling with a UCC-1 filing that keeps getting rejected and I think it's related to how I'm referencing the security agreement sections. The debtor is a manufacturing company and we have equipment collateral covered under multiple sections of the master security agreement. SOS keeps bouncing it back saying "insufficient collateral description" but I thought referencing the security agreement sections would be enough. The security agreement has detailed schedules in Section 4.2 covering all the machinery, Section 4.3 for inventory, and Section 4.4 for accounts receivable. I've been putting "All collateral described in Sections 4.2, 4.3, and 4.4 of Security Agreement dated March 15, 2024" in the collateral field but apparently that's not cutting it. Anyone dealt with this before? Do I need to spell out every piece of equipment individually or is there a better way to reference these security agreement sections that will actually get accepted?

Been doing UCC searches through the South Carolina Secretary of State portal for the past 6 months as part of my due diligence work. Lately I'm getting some strange results that don't match what I expect to find. When I search for certain debtor names, I'm getting partial matches that seem incomplete or I'm missing filings I know should be there. Has anyone else noticed the South Carolina SOS UCC search acting up recently? I'm wondering if there's something I'm missing about how their search algorithm works or if there are known issues with their database. This is critical for our loan documentation process and I can't afford to miss active liens. Any insights on best practices for comprehensive UCC searches in SC would be really helpful.

Is anyone else getting error messages when trying to run a Washington DC UCC search today? I've been trying to pull lien records for a client's due diligence and the portal keeps timing out. This is the third time this month I've had issues with their system. Need to verify if there are any existing UCC-1 filings against this debtor before we can move forward with our secured transaction. The deal is supposed to close Friday and I'm getting nervous about these delays. Has anyone found a workaround or alternative way to search DC UCC records when their main system is acting up?

Been doing secured lending for 8 years and I'm stumped on this Kentucky UCC situation. Filed a UCC-1 last month for a $340K equipment loan and it got rejected because the debtor name doesn't match exactly with the Articles of Incorporation. The borrower is "Advanced Manufacturing Solutions, LLC" on their charter docs but we used "Advanced Manufacturing Solutions LLC" (no comma) on the UCC-1. Kentucky SOS kicked it back saying exact match required. Now I'm worried about the 20-day rule and whether our security interest is at risk. Has anyone dealt with Kentucky's strict debtor-name requirements? The loan docs are already signed and funded so going back to redo everything would be a nightmare. Is there a way to get this corrected without losing priority or do I need to start over with a new filing?

I'm dealing with a nightmare scenario involving UCC 9-304 and I'm completely lost on the perfection requirements. We have a debtor corporation that moved from Delaware to Texas last year, and now I'm trying to figure out where our security interest is actually perfected. The original UCC-1 was filed in Delaware back in 2019, but under 9-304 it seems like the perfection might have lapsed when they relocated. Our collateral includes both equipment and inventory, and I'm getting conflicting advice about whether we need to file a new UCC-1 in Texas or if we can just do a continuation in Delaware. The law firm is saying one thing, our compliance team is saying another, and meanwhile we're coming up on some critical deadlines. Has anyone dealt with UCC 9-304 choice of law issues when a debtor changes its location? I'm particularly confused about the four-month rule and whether it applies to our situation since the move happened over a year ago. Any guidance would be appreciated because I'm starting to panic about our lien position.