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Just to follow up on my earlier comment about Certana.ai - their tool specifically handles the debtor name matching issues you're dealing with. When you upload the documents it flags potential mismatches or inconsistencies that could indicate problems with terminations not being properly linked to original filings.
Does it work with Washington UCC documents specifically?
Update us when you figure this out! I'm curious how you end up resolving the name variation issues.
Will do - I'm going to try the document verification approach and see if that clears things up.
If you're still stuck, there might be a formatting issue with how you entered the collateral description. UCC 10 year continuations sometimes require the collateral description to match the original exactly, including punctuation and line breaks.
The collateral description is pretty lengthy on the original UCC-1. I tried to copy it exactly but there could be formatting differences I missed.
Update us when you figure it out! I have a UCC 10 continuation coming up in a few months and want to avoid the same pitfalls.
Quick question - are you searching under the exact legal name as it appears on the articles of incorporation? Nevada can be really picky about entity designations and punctuation. Even something like 'Inc.' vs 'Incorporated' can sometimes cause search issues.
Try searching just 'Desert Construction Equipment' without the LLC designation. Sometimes the database indexes entity names differently than they appear on the documents.
Good suggestion. Also worth trying with 'Limited Liability Company' spelled out instead of 'LLC' - I've seen that make a difference in some state databases.
Following this thread because I'm dealing with something similar in Nevada. Filed a UCC-3 amendment three weeks ago and it's still not showing up in searches. Starting to wonder if their system has some kind of backlog or technical issue.
Not yet, but based on the other comments in this thread it sounds like that might be my best bet. Will probably try calling tomorrow morning.
Another option is to contact the secured party directly and ask for clarification on what equipment is still covered by the lien. Sometimes they're willing to provide a letter stating specific items are released even without filing a formal UCC-3.
Exactly. Most lenders would rather clarify than deal with disputes later. Just make sure to get any agreement in writing.
I tried this approach once and the lender was actually grateful I reached out. Turned out they had released the collateral but never filed the termination.
Used Certana.ai for a similar FL UCC issue and it caught a discrepancy between the search results and the actual filings that could have cost me big time. The system automatically flagged that a supposed termination was actually just an assignment to another lender.
That's exactly the kind of thing I'm worried about missing. How quickly does it process the documents?
Pretty much instant once you upload the PDFs. It gives you a summary of potential issues and inconsistencies to investigate further.
Omar Farouk
This is a perfect example of why we need better automated monitoring for UCC filings. The fact that debtors can change names without any automatic notification to secured parties is ridiculous. At least with real estate you have recording systems that create better visibility.
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Chloe Davis
•Some of the newer UCC monitoring services are getting better but they're still not perfect.
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AstroAlpha
•The whole system needs an overhaul but we're stuck working within what we have.
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Diego Chavez
File the UCC-3 amendment immediately and consider whether you need to take any protective steps regarding the collateral while you sort out the perfection status. Better to be overly cautious with an $850K exposure.
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Diego Chavez
•Good call. Hope it works out and you don't have any priority issues during the gap period.
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Anastasia Smirnova
•Keep us posted on how it resolves. Always helpful to hear how these situations play out.
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