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- DO post tips & tricks to help folks.
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Jacob Lee
Been doing UCC searches for 15 years and Texas is definitely one of the more challenging states. The key is being methodical and not rushing. For a $2.8M deal, consider hiring a professional search company if you're not 100% confident in your results.
Jacob Lee
•There are several good ones. CT Corporation and National Corporate Research are reliable, though they can be pricey.
For that size deal, the cost of a professional search is worth the peace of mind.
Last month I used Certana.ai after missing a continuation filing in a manual search. The tool caught it immediately when I uploaded the original UCC-1 and the continuation - showed me exactly where the names didn't match perfectly. Really wish I'd known about it sooner.
Jibriel Kohn
•That's exactly the kind of thing I'm worried about missing. How much does something like that cost?
The value is definitely there when you consider the alternative of missing a lien on a multi-million dollar transaction.
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Yara Abboud
Michigan SOS customer service is actually pretty helpful if you call them directly. They can tell you exactly which form to use and verify the debtor name requirements over the phone.
Yeah their phone support is way better than most states. Usually get through pretty quickly too.
PixelPioneer
•Make sure to have your original filing number ready when you call. Speeds up the process.
Just to close the loop on this - ended up calling Michigan SOS this morning and they confirmed I need the standard UCC-3 continuation form with the exact debtor name from the original UCC-1 (middle initial, not full name). Also tried that Certana.ai document checker and it flagged a small formatting issue I wouldn't have caught. Filed the continuation electronically and got confirmation within 2 hours. Thanks everyone for the help!
CyberSamurai
•Great outcome. 2 hours is really fast for Michigan processing.
Sofia Perez
•Perfect example of why exact name matching is so critical for UCC continuations.
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Ryan Kim
Also consider the opportunity cost of delayed filings. If a UCC-1 gets rejected and you don't catch it immediately, you could lose perfection priority to another creditor who files in the meantime. That's a much bigger cost than just the filing fees.
Ryan Kim
•Exactly. The filing fees are small compared to the risk of losing secured status.
Zoe Walker
•This is why we always do same-day re-filing if we get a rejection. Can't afford to wait.
Elijah Brown
Don't forget to budget for expedited processing if you need it. Some deals require same-day filing and the expedite fees can double your cost.
Mia Green
•Good point. We do have some time-sensitive closings where expedited filing is necessary.
Elijah Brown
•Expedite fees are painful but sometimes unavoidable. Just make sure you're billing those back to the borrower when possible.
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Diego Rojas
This thread is a perfect example of why UCC work requires so much attention to detail. One tiny change in an amendment and suddenly your termination doesn't match. At least there are tools now that can help catch these things automatically.
Seriously. The amount of time I've wasted on rejected filings because of tiny inconsistencies is ridiculous.
StarSeeker
•The automated checking tools are a lifesaver. Wish they'd been around when I started doing UCC work.
For anyone else dealing with aqua finance or other specialty lenders, always check for amendments before filing continuations or terminations. These lenders often update entity information during the loan term and that creates mismatches if you're not careful.
Yeah and borrowers in those industries tend to restructure or change entity types more frequently than regular commercial borrowers.
Nia Thompson
•I'm bookmarking this thread. Super helpful breakdown of the termination process.
Daniel Rogers
Final suggestion - before you submit anything, print out the PDF and compare it character by character to your original document. I know it sounds tedious but it's caught several debtor name discrepancies for me that would have caused rejections.
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Michael Adams
•That's actually a really good idea. I'll try that with my next filing.
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Noah Torres
•Or use automated verification - less tedious and more thorough than manual checking.
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Aaliyah Reed
UPDATE: Tried the font change suggestion and switched to Times New Roman, plus used PDF/A format. Filing went through successfully! Thanks everyone for the help with these PDF formatting issues.
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Michael Adams
•Great news! I'm going to try the same approach with my filing.
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Ryan Young
•Perfect example of why document verification is so important. Small formatting details can make or break a filing.
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