UCC Document Community

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  • DO post questions about your issues.
  • DO answer questions and support each other.
  • DO post tips & tricks to help folks.
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Luca Ricci

UCC Article 9 farm products collateral description rejected - need help with specificity

Filed a UCC-1 last month for a grain elevator loan secured by farm products and got rejected twice. The SOS keeps saying my collateral description is too vague but I thought 'all farm products' was acceptable under Article 9. The debtor is a corn and soybean operation in Iowa with seasonal inventory that changes constantly. My description was: 'All farm products including but not limited to crops, livestock, and products of crops or livestock whether existing now or acquired hereafter.' Second attempt used 'All farm products as defined in UCC Article 9-102(a)(34) including growing crops, livestock, and products thereof.' Still rejected. The loan is for $2.8M and we need this perfected before harvest season. Anyone dealt with similar farm products filing issues? What level of specificity are they actually looking for?

Try adding geographic limitations if appropriate. 'All farm products located on real property described as [legal description] and all other locations where Debtor conducts farming operations.' Helps with the identification requirement.

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Paolo Romano

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But be careful with location restrictions if they farm multiple properties or lease ground. You don't want to accidentally exclude collateral.

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Amina Diop

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Right, better to be over-inclusive than miss something. 'All locations now or hereafter used by Debtor for farming operations' covers expansion.

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Final thought - if you're still having issues after trying these suggestions, consider calling Iowa SOS directly. Sometimes they'll give specific guidance on what they're looking for in farm products descriptions. They'd rather help you get it right than keep rejecting filings.

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Good luck! Farm products can be frustrating but once you get the language right it's usually smooth sailing.

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Javier Torres

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Definitely post an update. Other people will run into this same issue with Iowa's new requirements.

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Peyton Clarke

UCC filing nebraska - debtor name variations causing rejections

Having issues with multiple UCC filings getting rejected in nebraska. Filed three UCC-1s last month for equipment financing deals and two came back rejected for 'debtor name discrepancies.' The charter documents show 'Midwest Agricultural Solutions LLC' but I filed using 'Midwest Ag Solutions LLC' thinking the abbreviation would be fine. Secretary of State office says exact match required but their portal doesn't give clear guidance on acceptable variations. Need to refile these before the financing deadlines hit. Anyone dealt with similar name matching issues? The collateral schedules are solid but these name rejections are killing our timeline.

For future reference, I always keep a checklist for Nebraska filings: exact debtor name from current charter, proper collateral descriptions, correct filing fees, and valid addresses. Saves me from most rejections. Also started using Certana's PDF checker after getting burned on a big commercial deal - uploads your documents and flags inconsistencies instantly.

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Yeah, systematic approach prevents most issues. The automated checking tools just add another layer of protection.

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Caden Turner

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Checklists are great until you get complacent and skip steps. Ask me how I know...

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Update us when you get the corrected filings back! Always curious how quick the turnaround is when everything's done right the first time.

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Peyton Clarke

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Will do. Planning to file tomorrow morning with the corrected names.

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Good luck! Should be smooth sailing with the right debtor names.

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Malik Thomas

Ilien UCC filing keeps getting rejected - debtor name verification issues

Having major problems with a UCC-1 filing that keeps bouncing back from the SOS office. The debtor entity has 'Ilien' in the business name and I've triple-checked everything but still getting rejection notices about debtor name inconsistencies. This is for a $2.8M equipment financing deal and we're running up against our perfection deadline. I've tried variations of the name formatting but nothing seems to work. Has anyone dealt with similar Ilien UCC name verification problems? The charter documents show one version but the tax records show slightly different formatting. Really need to get this perfected before our lender agreement expires next week.

Andre Moreau

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Just had a similar situation last month with an entity that had formatting inconsistencies. Turned out the issue was with how they handled ampersands vs. 'and' in the business name. Might be worth checking if Ilien has any similar connector words.

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Malik Thomas

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Good point about connector words. There are some 'and' vs '&' variations in the full entity name that I should double-check.

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Punctuation and connector words are huge trip-ups. I always create a spreadsheet with every possible variation before filing now.

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Update us when you get it resolved! These Ilien UCC name verification issues seem to be more common lately and it would help to know what finally worked.

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Mei Chen

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Looking forward to hearing what worked. These name matching problems are such a pain but there's usually a solution once you find the right format.

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CosmicCadet

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Yes please update! And if you end up using any verification tools, let us know how they worked out. Always looking for ways to avoid these rejected filing headaches.

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Javier Gomez

Oregon UCC lien search showing weird results - need help interpreting

I'm doing due diligence on a potential equipment purchase and the Oregon UCC lien search is confusing me. When I search the seller's business name I get multiple hits but some show as 'continued' and others show 'terminated' but with overlapping dates. The equipment I'm looking at is a 2019 Case excavator and there's a UCC-1 from 2020 that shows active, but then there's a UCC-3 continuation from 2023 that references a different original filing number. I'm trying to figure out if there are any liens I need to worry about before I buy this thing. The seller says everything is clear but these search results are making me nervous. Has anyone dealt with Oregon's system before? Are there tricks to reading these results properly?

Mei Liu

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One more thing - make sure you're searching in the right state. Sometimes equipment gets moved around and there could be filings in multiple states. Oregon might not be the only place you need to search.

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Amara Chukwu

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I always check the debtor's state of incorporation or organization too, just to be safe.

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This is why multi-state UCC searches can get complicated fast. Each state has slightly different systems.

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Update: Thanks everyone for the advice. I ended up getting copies of all the UCC documents from the seller and used that Certana.ai tool someone mentioned to verify everything. Turns out the different filing number on the continuation was because they had to correct the original debtor name - it all checks out and the equipment is clear. Really appreciate all the help!

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Good to hear you got it sorted. Name corrections on UCC filings are pretty common.

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Thanks for posting the update. This thread will probably help other people dealing with similar Oregon UCC search confusion.

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Ravi Malhotra

UCC-1 form Colorado filing got rejected - debtor name issue?

Hey everyone, really need some guidance here. We submitted a UCC-1 form Colorado filing last week for a equipment financing deal and it got kicked back from the Secretary of State. The rejection notice says something about the debtor name not matching exactly but I'm pretty sure we copied it straight from the articles of incorporation. This is for a $180K piece of manufacturing equipment and my client is breathing down my neck because we're supposed to close next Tuesday. Has anyone dealt with Colorado's system recently? Are they being super picky about punctuation or abbreviations? The business name is 'Rocky Mountain Fabrication, LLC' on the charter docs but I'm wondering if there's some formatting thing I'm missing. Really don't want to have to delay this closing over a name technicality.

StarSurfer

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Quick update - did you check if the LLC is in good standing? Sometimes name mismatches happen because the entity status changed and the legal name got modified without notice.

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StarSurfer

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Better to check everything now than have more surprises later. Colorado can be particular about entity status for UCC filings.

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Carmen Reyes

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Definitely verify the standing. I've seen deals held up because the entity was administratively dissolved and nobody knew.

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Andre Moreau

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This thread is making me paranoid about my own filings now! Going to double-check all my pending UCCs.

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Lol same here. Better safe than sorry with these name matching requirements.

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Ravi Malhotra

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Join the club! This rejection has me second-guessing everything I thought I knew about UCC filings.

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