UCC Document Community

Really need help here. I'm trying to close on equipment financing for my trucking company and the UCC financing statement got rejected by the SOS office. The rejection notice says 'debtor name does not match' but I used the exact name from our articles of incorporation. The lender is getting antsy and threatening to pull the deal if we can't get this perfected by Friday. I've been going back and forth with their legal team but nobody seems to know exactly what's wrong. The collateral is three Peterbilt tractors worth about $180K total. Has anyone dealt with this kind of debtor name issue before? What am I missing here?

I'm working through some loan documentation and getting confused about the language in our security agreements. Our legal team keeps going back and forth on whether we should say the agreement 'creates' a security interest or 'provides for' one. Does this wording actually matter for UCC-1 filing purposes? We've got about $2.8M in equipment financing deals coming up and I want to make sure we're not creating problems down the road with our documentation. Has anyone run into issues where this specific language in the security agreement caused problems with perfection or priority? I know the UCC-1 is what perfects the interest, but I'm wondering if the underlying agreement language affects anything when it comes to enforcement or if there are any filing requirements that reference this distinction.

Having a nightmare with an Indiana UCC financing statement that keeps getting rejected by the SOS office. Filed a UCC-1 for equipment financing on a trucking company and it's been rejected twice now for 'debtor name discrepancy.' The business is registered as 'Midwest Freight Solutions LLC' but their loan docs show 'Midwest Freight Solutions, LLC' (with the comma). Banking partner is getting impatient and we need this perfected ASAP. Has anyone dealt with Indiana's system being this picky about punctuation? The collateral is $180k worth of semi-trucks and trailers so we can't afford to mess this up. Third attempt going in tomorrow but I'm worried about the same rejection. Any advice on how Indiana handles exact name matching would be huge.

Been trying to submit a UCC-1 continuation all morning and the state portal keeps timing out. The deadline is next week and I'm starting to panic. Has anyone else experienced extended downtime with the filing system? This is for a commercial equipment loan and I can't afford to let the lien lapse. The original filing was submitted 4.5 years ago so I'm cutting it close on the 5-year continuation requirement. Any workarounds or alternative submission methods?

Running into a weird situation with a UCC filing search California results. I'm doing due diligence on a equipment purchase and the search is pulling up 3 different UCC-1 filings against the same debtor from 2019, 2021, and 2023. Two show as 'active' but I can't tell if they're overlapping collateral or if some should have been terminated by now. The debtor says the 2019 one was paid off but there's no UCC-3 termination on file. How do I figure out which liens are actually still in effect? This is holding up a $180k equipment deal and I need to know if I'm buying into someone else's collateral.