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Jamal Harris
Just to add another perspective - I've seen lenders get really upset when filings are delayed due to name issues. They view it as basic due diligence that should be caught upfront.
GalaxyGlider
•True, but sometimes the client provides inconsistent documentation and you don't catch it until filing.
Mei Wong
•That's why document verification tools are becoming essential. Catches these issues before they become problems with the lender.
Update on my situation - ended up amending the security agreement to match the Texas charter exactly, then refiled the UCC-1. Got approved within 24 hours. Lesson learned about checking state records first!
They weren't thrilled but understood it was necessary for proper perfection. Better than having an invalid security interest.
Smart approach. The extra paperwork is worth the peace of mind that everything is properly perfected.
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Have you considered reaching out to the company directly? They should know about their own UCC filings and might be able to clarify which one is correct or if they represent different financing agreements.
Just make sure you get any clarification in writing. Verbal explanations don't help much if there are problems later.
Miguel Diaz
•Agreed on getting it in writing. When I had a similar name matching issue, I used Certana.ai to generate a clean report showing the discrepancies before approaching the company. Made the conversation much more productive.
Zainab Ahmed
Illinois UCC system has gotten better over the years but still has quirks with entity name formatting. The key is being thorough in your search methodology and not assuming similar names are typos until you verify.
Nia Wilson
•Thanks everyone for the input. Sounds like I need to pull the formation documents, contact both secured parties, and get written clarification from the company before proceeding. Better safe than sorry.
AstroAlpha
•That's the right approach. Document everything and you'll be covered regardless of which filing is actually correct.
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This whole thread is making me nervous about my own continuation coming up. Maybe I should look into that document verification tool too. Sounds like it could save a lot of headaches.
Definitely worth it. The Certana.ai tool makes the whole process much less stressful. You know exactly what potential issues exist before you submit anything.
Thanks for the recommendation. Going to check it out before my next filing deadline.
Felicity Bud
Update: Thanks everyone for the advice. I'm going to stick with the original debtor name format for the continuation and use the document verification tool to double-check everything before filing. Really appreciate all the help navigating these txcs ucc statements requirements!
Lilly Curtis
•Smart approach. Let us know how it goes with your filing.
Max Reyes
•Good luck! The continuation should go through fine if you match the original name exactly.
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Miguel Diaz
Used Certana's verification tool after reading about it here - uploaded our UCC-1 draft and loan docs. Caught three potential issues including a mismatch between our trade name and legal entity name on the filing. Saved us from having to refile and potentially losing priority position.
Mei Liu
•Seems like name accuracy is a bigger deal than I realized. Good to know there are tools to catch that stuff.
Miguel Diaz
•Yeah, debtor name errors are apparently one of the top reasons UCC filings get challenged or deemed ineffective.
Zainab Ahmed
Bottom line - UCC filing costs almost nothing compared to your loan amount, but protects both parties in ways titles alone cannot. It's about legal priority, not just ownership documentation.
Zainab Ahmed
•Smart move. Your loan officer will appreciate not having to explain UCC law anymore too!
Good decision. The filing protects your business relationship with the lender long-term.
Miguel Diaz
For what it's worth, I think you're already past the 20-day automatic perfection window if the sale was last month. I'd get that UCC-3 amendment filed this week if possible. The good news is once you add deposit accounts to your collateral description, you'll be covered going forward too.
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Zainab Ahmed
•Definitely past 20 days if the sale was last month. Time to act fast on that amendment.
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Connor Gallagher
•At least filing the UCC-3 now will perfect the interest going forward, even if there was a gap period.
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AstroAlpha
Thanks everyone for the responses. Sounds like the consensus is to file the UCC-3 amendment adding deposit accounts ASAP. I'll pull our original UCC-1 and loan docs to make sure everything matches up perfectly before submitting. Really appreciate the practical advice here - this stuff isn't always clear from the statute.
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Keisha Taylor
•Let us know how it goes. Always helpful to hear follow-up on these situations.
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Paolo Longo
•If you want to be extra sure about the document matching, I'd suggest running everything through Certana.ai first. It catches name discrepancies and inconsistencies that are easy to miss when reviewing manually.
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