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For what it's worth, I had a similar UCC-1 lein situation resolve after using that Certana.ai tool someone mentioned earlier. It caught a subtle spacing issue between our charter and UCC-1 form that I never would have noticed. Worth trying if you're stuck in rejection cycles.
Ava Williams
•I'm always skeptical of these automated tools but if it prevents another rejection cycle it's probably worth it.
The document verification approach makes sense. Better to catch issues before filing than after rejection.
Update us when you get the UCC-1 lein filed successfully. These rejection stories help everyone learn what to avoid. The equipment financing space needs more shared knowledge about filing best practices.
Will definitely update once we get it resolved. This thread has been super helpful for troubleshooting our approach.
Agreed, these practical discussions are more valuable than the official filing guides sometimes.
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One more thing to consider - if this property generates rental income, you might also want to think about whether to include the rental income as proceeds in your UCC-1. The investment property classification affects how you handle both the real estate and the income stream.
I usually include it as proceeds in the main collateral description - 'and all proceeds thereof including rental income' - keeps it simple and comprehensive.
Miguel Diaz
•Just make sure your loan agreement matches whatever you put in the UCC-1. I learned that lesson the hard way when a borrower defaulted and we had mismatched collateral descriptions. Would have been caught immediately if I'd used something like Certana.ai to cross-check the documents beforehand.
Zainab Ahmed
Update: we ended up going with the broader 'commercial real estate' description and included rental income as proceeds. Filed the UCC-1 yesterday and it was accepted without any issues. Thanks everyone for the advice - definitely learned something about how the UCC definition of investment property differs from other contexts.
Smart choice - better to be safe than sorry with collateral descriptions. Glad it worked out!
AstroAlpha
•Good outcome! Filing accepted is always a relief when you're dealing with tricky collateral classification issues.
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Are you including the full registered address in the debtor section? Some online UCC systems require the complete name AND address to match exactly with their corporate records.
Talia Klein
•Address matches perfectly - I pulled it from the same charter document. It's definitely the name field causing issues.
Sometimes they want the mailing address instead of registered address. Worth trying both.
Ally Tailer
Update us when you figure it out! I'm bookmarking this thread because I know I'll run into the same issue eventually. Online UCC filing should be simple but there are so many gotchas.
Smart approach. Let us know which one solves it - this kind of info is gold for future filings.
Definitely interested in the Certana tool if it works. Anything that prevents these filing headaches is worth trying.
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This is why I always file continuations at least 2-3 months before the deadline. Gives you time to deal with portal issues, rejected filings, or other problems. Cutting it close with a month left is pretty risky for a $2.8M loan.
Yara Khoury
•Yeah, those 5-year deadlines come up fast. I set calendar reminders 6 months in advance now.
Smart approach. I've seen lenders panic when continuations lapse because nobody was tracking the deadlines properly.
UPDATE: Finally got through using the filing number search this morning. The continuation did go through and is properly indexed. Thanks everyone for the suggestions, especially about trying different search methods and the Certana tool for verification. Crisis averted!
Liam McGuire
•Awesome! That document verification tool is a lifesaver for these situations. Glad it worked out.
Lucky you got through. Still think Florida needs to fix their portal issues though.
Ava Martinez
I'm dealing with something similar but with a 2018 continuation. The borrower changed their business structure twice since then and I'm not sure our filings are still valid. These corporate changes make UCC management so much more complicated.
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Carmen Diaz
•Exactly! It seems like every deal has some kind of corporate restructuring that affects the UCC filings. Makes me wonder if we should just automatically file amendments every time there's any corporate change, just to be safe.
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Zoe Kyriakidou
•That's probably overkill, but you definitely need to track name changes, mergers, and dissolutions that affect the debtor entity.
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Miguel Castro
The good news is that Ohio's online UCC system makes it pretty easy to look up your filings and check their status. You can search by filing number or debtor name to see exactly what's on record. Start there before assuming the worst.
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Miguel Castro
•That's the best first step. Once you see what's actually on file, you can figure out what needs to be corrected or updated.
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Amara Oluwaseyi
•And if you find problems, don't delay on fixing them. The longer you wait, the more complicated it gets if there are any enforcement issues.
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