UCC Document Community

File your continuation ASAP and stop worrying about the collateral description unless your bank specifically requires changes. Generic equipment descriptions are valid as long as they reasonably identify the collateral category.

Equipment liens are straightforward if you don't overthink them. Your description sounds adequate for UCC purposes. The bank might want more detail for their own records but that's different from legal perfection requirements.

Don't forget to update your internal records and notify the borrower about the amendment filing. Sometimes lenders forget this step and it can cause confusion later if anyone does a UCC search.

Thanks everyone for the help! Sounds like UCC-3 amendment is definitely the right approach. I'll get the certified articles of incorporation and double-check everything before filing. Might look into one of those verification tools too - seems like a smart way to avoid rejections.

I dealt with a similar maine ucc search issue last year. Ended up having to get title insurance because we couldn't definitively clear all the liens. Sometimes that's the safest route for expensive equipment.

Update us when you figure this out! I'm dealing with a similar situation in New Hampshire and curious how it resolves.

For equipment collateral descriptions, I like to include photos in my file even though they don't go in the UCC. Helps later if there are disputes about what was actually included in the collateral. Plus the borrower appreciates the documentation for their insurance purposes.

Thanks everyone for all the advice! Sounds like I'm on the right track being extra careful about the debtor names. I'm definitely going to check out that Certana verification tool - anything that can catch name mismatches before filing sounds like it would save a lot of headaches. For the collateral description I think I'll go with the detailed approach listing major equipment pieces plus a catchall. Better safe than sorry with this much money involved.

I always recommend keeping a spreadsheet of exact debtor names for each borrower, especially LLCs and corporations. Copy-paste from the state entity database to avoid these typing variations. Has saved me from multiple name mismatch issues over the years.

UPDATE: I checked the Florida Division of Corporations database and the legal name is officially "ABC Manufacturing LLC" without the comma. So my original UCC-1 was correct and the continuation was wrong. Filing a UCC-3 amendment today to correct the debtor name on the continuation. Thanks everyone for the guidance - this community is incredibly helpful for navigating these UCC complexities.