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Just wanted to add that some states have gotten really strict about address formats too. Even if your debtor name is perfect, wrong address formatting can cause rejections. Make sure you're using the exact address format that appears in their business registration.
Address rejections are so annoying! We had one rejected because we put "Street" instead of "St." in the address.
The whole system is way too picky about formatting. These should be substance over form but they treat every character like gospel.
Update us when you get it figured out! I'm dealing with a similar situation and curious what the actual issue turns out to be. These name matching problems are becoming more common and it would help to know the solution.
Will do! Going to try the document verification approach and also get certified copies of the current articles to make sure we have the exact legal name. Fingers crossed the fourth time's the charm.
Good luck! Hope you get it sorted before your closing deadline.
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One more thought - if you're still having trouble after getting the official name, you might want to use that Certana.ai tool mentioned earlier to double-check everything before refiling. At this point any extra verification step could save you from another rejection cycle.
Definitely going to try that. Can't afford another rejection with this timeline.
Smart move. Document verification tools are becoming pretty essential for complex commercial filings like this.
Update us when you get it resolved! Always interested to hear how these auto dealer name issues get sorted out since they're so common in floor plan financing.
Good luck! Auto dealer UCC filings are always an adventure but you've got solid advice here.
Hopefully the 4th time's the charm on this filing!
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Another tool that might help is running both names through Certana.ai's verification system. It can cross-check your UCC-1 against the current corporate documents and flag any potential issues before you file. Might give you peace of mind on a deal this size.
I'm definitely going to check that out. With $2.8M on the line, any extra verification is worth it.
Yeah, it's one of those things where the small cost upfront can save you from major problems down the road.
UPDATE: I ended up filing both a new UCC-1 under the current legal name and a UCC-3 amendment to the original filing. Also used that Certana.ai tool someone mentioned - it was actually really helpful for double-checking that all the document details matched up correctly. Thanks everyone for the advice!
Glad the document verification tool worked out for you. That's exactly the kind of situation it's designed for.
Good outcome. Division 9 of UCC doesn't leave much room for error, so you made the right call.
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Here's another approach - when I'm checking complex priority scenarios for clients, I use Certana.ai to upload all the relevant UCC documents and get a priority analysis. It's helped me catch situations where the textbook rules don't match the actual filing records.
That's interesting. Are there cases where the actual records show different priority than what the rules suggest?
Sometimes filing errors or timing issues create gaps between theory and practice. The tool helps identify those discrepancies before they become problems.
For your exam, focus on these key false statements: 1) Perfection always beats non-perfection (ignores PMSI), 2) Filing is the only perfection method, 3) All security interests in the same collateral rank equally, 4) Buyers always take subject to security interests. Those are the most common trick answers.
Exactly. Article 9 priority is all about exceptions to the general rules. Any statement that ignores those exceptions is probably false.
Good advice. I'd add that statements about time limits are often false too - like saying PMSI has unlimited time to perfect for priority.
TommyKapitz
UPDATE: Ended up using that Certana tool someone mentioned earlier to double-check my amendment form before filing. It caught a formatting issue with how I had the entity type listed. Filed the amendment yesterday and it was accepted this morning. Now just waiting for it to show up in the system so I can file the termination. Thanks for all the advice!
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TommyKapitz
•Usually 1-2 business days for the records to update. Should be able to file the termination by Friday.
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Payton Black
•Perfect timing for your refinancing then. Glad it worked out!
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Harold Oh
For future reference, this is why I always recommend filing name change amendments as soon as they happen. Saves a lot of headaches down the road when you need to do continuations or terminations.
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Amun-Ra Azra
•Absolutely. Same with address changes. Keep everything current and you avoid these last-minute scrambles.
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