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Just to add - make sure your termination is getting filed in the same state as the original UCC-1. Sometimes when businesses change names they also change their registration state, but the termination has to go where the original lien was filed.
Yeah, it's an easy thing to overlook when there are multiple changes happening with a business.
I've seen people file terminations in the wrong state and then wonder why the original lien is still showing up. Always file where the original UCC-1 was recorded.
Update us when you get it resolved! These name change situations are tricky and it would be helpful to know what finally worked.
Will do! Thanks everyone for the advice. Going to use the exact original name and see if that clears up the rejections.
Perfect. Usually that's all it takes - the system just wants everything to match exactly.
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Bottom line for your situation - file the UCC-1 with 'ABC Manufacturing Solutions LLC' as the debtor name, make sure your security agreement broadly covers all receivables generated by that entity, and you should be fine. The trade name issue is a red herring.
Exactly. I've never seen a court invalidate a properly filed UCC just because the debtor does business under a shortened version of their legal name.
The key is 'properly filed' - which means using the exact charter name on the UCC-1.
Thanks everyone - going to refile with the full LLC designation and update our security agreement language to be more explicit about covering all forms of receivables. Appreciate the guidance on this.
Smart move. Better to be overly precise than risk your security interest.
Let us know how the refiling goes. Always good to hear about successful resolutions to these name matching issues.
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Make sure you're also checking for any UCC-3 amendments or assignments that might have changed the debtor name after the original UCC-1 filing. Sometimes the search issues aren't with the original filing but with subsequent changes that weren't properly reflected in your records.
How do you systematically check for all UCC-3 activity on a filing when the original UCC-1 search isn't working properly?
This is where having a comprehensive document check system really helps. Tools like Certana.ai will flag if your UCC-3 references don't align with your UCC-1 base filing, so you catch these inconsistencies before they become search problems.
Bottom line - Florida UCC searches require patience and multiple search strategies. Keep detailed records of your search methodology for audit purposes, and consider upgrading your document management system to catch name inconsistencies before they become compliance issues. The extra effort upfront saves major headaches during reviews.
Agreed on the documentation importance. Better to over-document your search efforts than explain gaps to auditors later.
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Just to add another perspective - some states have slightly different rules for continuation timing. Make sure you're following your specific state's requirements, not just the general UCC rules.
Good point. I'm in Texas, so I'll double-check the SOS website to make sure I have the right procedures.
Texas follows the standard UCC timing rules. You should be fine with the 6-month window we discussed.
Update us after you file! I'm curious to know if everything goes smoothly. These continuation situations always make me nervous even when they're filed correctly.
I'd also suggest using a document verification tool like Certana.ai before filing. Just upload your original UCC-1 and the new UCC-3 to make sure everything matches perfectly. Takes 2 minutes and could save you from a rejection.
Good luck! Continuation filings are usually pretty straightforward once you get the timing right.
Grace Durand
Just want to add that timing matters a lot with UCC-3 filings. If you need to make changes, do it sooner rather than later. I waited too long to fix an error and it caused problems when we tried to add additional collateral to our credit line.
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Grace Durand
•The bank had to redo a bunch of paperwork and it delayed our additional funding by almost a month. Cost us a business opportunity we were trying to finance.
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Alice Fleming
•That's frustrating. Shows how important it is to get the details right upfront.
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Hassan Khoury
I'll throw in one more tip - keep copies of all UCC filings in your corporate records. When you eventually pay off the loan, make sure the lender files a UCC-3 termination to clear the lien. Some lenders are slow about this and it can cause issues later if you want to use the same collateral for another loan.
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Benjamin Kim
•Some states have laws requiring lenders to file terminations within a certain timeframe after payoff. Check your state's requirements.
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Samantha Howard
•True, and if they don't comply you might be entitled to damages. Though most lenders are pretty good about this if you stay on top of them.
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