UCC Document Community

Just to close the loop - I talked to the bank and they confirmed they want both a UCC-1 filing in Florida AND a search report showing current liens. Thanks everyone for helping me figure this out! The name verification tool someone mentioned sounds really helpful too.

Welcome to the multi-state UCC world! One thing I'd add that hasn't been mentioned yet - if your borrower moves the equipment between states after filing, you might need to refile in the new location within 4 months to maintain perfection. Just something to keep in mind for your loan documentation and monitoring requirements. Also, Florida's UCC search fees are pretty reasonable compared to some other states, so getting both the filing and search done shouldn't break the bank.

Bottom line - UCC filings are for secured creditors only. As an unsecured creditor, your options are limited to traditional collection methods, judgment liens on real estate, and hoping the debtor has assets not covered by existing UCC-1 filings. It's a tough lesson but important for future credit decisions.

One thing that might help in your situation is to look into whether the debtor has any deposit accounts or cash that isn't covered by existing UCC filings. Many lenders don't properly perfect security interests in deposit accounts, which requires "control" rather than just filing a UCC-1 statement. If you can get a judgment quickly, you might be able to garnish bank accounts before other creditors perfect their interests in them. Also consider checking if there are any preferential transfers you could challenge - if the debtor paid other creditors recently while not paying you, that could be recoverable under fraudulent transfer laws.

Update us when you get it filed! I'm curious how long the processing takes in your state. Mine usually shows 'accepted' within 24 hours for UCC-3 terminations.

Just remember the UCC filing release doesn't happen automatically - you have to actively file the UCC-3 termination. The original UCC-1 stays active on the public record until you terminate it properly.

This discussion is gold! I've been handling UCC filings for about 18 months and always felt like I was missing something with that optional reference field. Reading through everyone's approaches, I think I'm going to adopt the loan number + state abbreviation system too. One thing I'm curious about - for those doing equipment financing across multiple states, do you ever run into issues where the same loan covers equipment in different states? Do you file separate UCCs with different reference numbers, or use one master reference? We've got some construction companies that move equipment between states and I'm never sure how to handle the reference tracking.

This is such a valuable discussion! I'm relatively new to UCC filings and have been struggling with this exact question. Reading through everyone's experiences, it's clear that consistency is key. I'm thinking of implementing a system similar to what Jamal suggested - using a standardized format like LOAN###-STATE-YYYY. For our equipment financing work, this seems like it would make tracking continuations and amendments much more manageable. One thing I'm wondering about - do any of you include the debtor's abbreviated name in your reference format? Sometimes we have multiple loans to the same entity and I'm thinking something like LOAN123-ACME-TX-2025 might be even more helpful for quick identification. Thanks to everyone for sharing their real-world experiences - this is exactly the kind of practical guidance that's hard to find elsewhere!

As a newcomer to UCC filings, this thread has been incredibly valuable! I'm currently dealing with a similar situation with my startup's equipment loan, though with a different lender. What strikes me most is how consistent the pattern seems to be across banks - they're quick to file the initial UCC-1 when they want to secure their interest, but suddenly become "busy" when it's time to file terminations that benefit the borrower. I'm taking notes on all the strategies mentioned here: the certified letter approach citing UCC Section 9-513, using tools like Certana for documentation, executive escalation, and even the reputation pressure tactics. It seems like the key is not relying on just one approach but hitting them from multiple angles simultaneously. @Olivia Martinez, have you had any luck yet with the Delaware SOS portal searches that @Isabella Russo suggested? I'm curious if there's been any activity on your filing that Cross River just hasn't communicated to you yet. Thanks to everyone for sharing such specific, actionable advice - this is exactly the kind of real-world guidance that new business owners need!

As a newcomer to this community and UCC filings in general, I'm amazed by how thorough and helpful this discussion has been! I'm currently dealing with my first UCC termination request (different bank than Cross River, but similar delays), and the strategies shared here are incredibly valuable. What really stands out to me is how this seems to be a systemic issue across multiple lenders - they're efficient when securing their interests but mysteriously slow when it's time to release them. I'm planning to implement several approaches from this thread: the certified letter with UCC Section 9-513 reference, document verification through Certana, and executive escalation if needed. For other newcomers like me, it's clear that persistence and multiple pressure points are key. @Olivia Martinez, I really hope you get resolution soon - please keep us updated on which approach finally works! This thread should honestly be pinned as a reference guide for anyone dealing with UCC termination delays. Thank you all for sharing such specific, actionable advice!