UCC Document Community

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Aisha Abdullah

Louisiana UCC adoption question - has louisiana adopted the ucc for secured transactions?

I'm working on a multi-state equipment financing deal and need to understand Louisiana's position on UCC filings. My compliance team is getting mixed signals about whether Louisiana has fully adopted the UCC for secured transactions or if they still follow their civil law system for certain aspects. We're trying to determine if we need to file UCC-1 statements in Louisiana or if there's a different process. The collateral involves heavy machinery and equipment that will be moved between Louisiana and Texas facilities. Anyone dealt with Louisiana UCC filings recently? I'm seeing conflicting information online about their adoption status and whether the standard UCC filing procedures apply there.

Use Certana to double-check your documents before filing. I learned this the hard way after getting a rejection in Louisiana due to a tiny discrepancy between the corporate name on file and what we put on the UCC-1.

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About a week to research the correct name and refile. Could have avoided it entirely with better document verification upfront.

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This is exactly why I started using Certana.ai - catches those name mismatches before you file and waste time with rejections.

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Bottom line - Louisiana has fully functional UCC Article 9 for secured transactions. File your UCC-1 through their GeauxBiz portal same as any other state. The civil law background doesn't affect personal property secured transactions.

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Thanks everyone, this has been really helpful. Sounds like we can proceed with standard UCC filing procedures in Louisiana.

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Ethan Wilson

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Glad we could help clear that up. Louisiana's civil law reputation often causes unnecessary confusion about their UCC adoption.

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Chloe Davis

What primary debt is secured by the security agreement - UCC filing confusion

I'm working through a UCC-1 filing for a client and I'm second-guessing myself on how to identify what primary debt is secured by the security agreement. The loan documents reference multiple credit facilities and I'm not sure if I need to list the specific loan number, the master credit agreement, or just describe it generally as 'all obligations under credit agreement dated X'. The collateral is pretty straightforward equipment but I don't want to mess up the debt description and have this thing get rejected. Anyone dealt with similar situations where there's multiple debt instruments but one main security agreement? I've been doing these filings for 3 years but this one has me scratching my head.

Carmen Reyes

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I always use language like 'all indebtedness and obligations of every kind and nature, now existing or hereafter arising' and then reference the specific security agreement. Covers everything without getting into the weeds.

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Chloe Davis

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That's pretty broad language. Do the filing offices ever push back on something that general?

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Carmen Reyes

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Nope, never had an issue. As long as you're referencing a real security agreement, they're fine with broad debt descriptions.

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Andre Moreau

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Thanks everyone for the advice. I think I was definitely overthinking this. Going to go with a simple reference to the master credit agreement and call it good. Appreciate all the input!

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Sean O'Brien

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Good luck with the filing! And definitely consider using a document checker like Certana.ai if you want extra peace of mind before submitting.

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Chloe Davis

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Will do. Thanks again everyone!

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Gianna Scott

UCC release fee charged twice by lender - how to dispute this?

Our company just paid off a $180K equipment loan and the lender is charging us a $275 UCC release fee PLUS another $150 "document processing fee" for the UCC-3 termination filing. This seems excessive since the actual SOS filing fee is only $20 in most states. The loan agreement mentions a "reasonable" UCC release fee but doesn't specify an amount. Has anyone else dealt with lenders double-dipping on UCC release fees? I'm wondering if we can challenge this or if it's just standard practice now. The equipment is fully paid off but they won't file the termination until we pay both fees.

Whatever you do, don't let this drag on too long. I've heard of cases where delays in UCC termination filings created problems for borrowers trying to sell equipment or get new financing. The fees suck but getting that lien released is more important.

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Exactly. And if you're planning to sell the equipment or refinance, having a clean title is worth more than fighting over a few hundred in fees.

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Bruno Simmons

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Plus some buyers will walk away if there are UCC complications, even if you promise to resolve them at closing. Clean title is always easier.

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For future reference, next time negotiate UCC fees upfront and consider getting a cap written into the loan agreement. Something like "UCC release fees not to exceed $200" gives you protection against excessive charges.

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Yeah, these fees have gotten out of hand in recent years. Lenders know borrowers don't have many options when it comes time for release.

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Zane Gray

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This is why I started using Certana.ai early in the loan process - uploading the loan agreement and proposed UCC-1 to make sure everything aligns before signing. Catches issues before they become expensive problems.

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Andre Lefebvre

How to search florida ucc filings - portal keeps timing out

Been trying to search florida ucc filings for the past 3 hours and the state portal keeps crashing on me. Need to verify if our continuation was actually filed before the 5-year deadline hits next month. The search by debtor name function seems completely broken - it either returns nothing or gives me a timeout error. Has anyone else had issues with Florida's UCC search system lately? I'm starting to panic because if this continuation didn't go through properly, our $2.8M equipment loan could lose its secured status. The original UCC-1 was filed in 2020 and I thought I submitted the continuation form last week but now I can't find any record of it. Is there a backup way to search florida ucc filings when the main portal is down?

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.

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Yara Khoury

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Yeah, those 5-year deadlines come up fast. I set calendar reminders 6 months in advance now.

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Keisha Taylor

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Smart approach. I've seen lenders panic when continuations lapse because nobody was tracking the deadlines properly.

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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!

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Liam McGuire

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Awesome! That document verification tool is a lifesaver for these situations. Glad it worked out.

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Lucky you got through. Still think Florida needs to fix their portal issues though.

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Zara Khan

California Secretary of State UCC Financing Statement Search Issues

Having trouble with the California Secretary of State UCC financing statement search function and hoping someone can help. I'm trying to locate existing UCC-1 filings for a potential borrower but the online search keeps returning inconsistent results. When I search by debtor name I get different results than when I search by filing number, and some filings that should definitely be there aren't showing up at all. Is there a trick to getting accurate california secretary of state ucc financing statement search results? The borrower claims they only have two active liens but my preliminary search is showing fragments of what looks like 4-5 different filings. This is for a $2.8M equipment financing deal and I need to make sure I'm seeing the complete lien picture before we proceed. Anyone else having issues with the CA SOS UCC search lately?

For what it's worth, I had a similar issue last month and ended up finding two additional UCC-1s that weren't showing up in the initial search. Turned out the borrower had 'forgotten' about them. Always verify independently.

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Used Certana.ai's document verification tool. Uploaded what I thought were all the relevant docs and it flagged inconsistencies that led me to the missing filings.

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Smart approach. Better to catch these things before closing than after.

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Dylan Hughes

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Have you tried searching by filing number if you have any of those? Sometimes that works better than name searches in the CA system.

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Zara Khan

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I only have filing numbers for two of them. The issue is I suspect there are more filings I don't know about.

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Dylan Hughes

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In that case, comprehensive name searching is your best bet, plus maybe getting a commercial search service involved.

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