UCC Document Community

Running into a potential issue with an open UCC filing where the debtor name on our UCC-1 doesn't exactly match what's on the articles of incorporation. The business filed as "Midwest Equipment Solutions LLC" but our UCC shows "Midwest Equipment Solutions, LLC" (with the comma). Secretary of State hasn't rejected it yet but I'm worried this could cause problems down the road. The filing has been open for about 6 months now and we need to make sure our security interest is properly perfected. Has anyone dealt with similar name discrepancies on open UCC filings? Should I file a UCC-3 amendment to correct this or leave it alone since it hasn't been rejected?

I'm dealing with a messy situation where our company took over a portfolio of equipment loans about 8 months ago, but the UCC filings still show the original lender as the secured party. We're the new holder of these notes but I'm not sure if we need to file UCC-3 amendments to update the secured party information or if there's another way to establish our rights as the current holder. The original UCC-1 filings are still valid (filed in 2022) but obviously don't reflect the change in ownership. Has anyone dealt with this type of holder/secured party issue before? I'm worried about our perfection status if we need to enforce against any of the collateral.

Having major headaches with a UCC-1 filing that keeps getting rejected by our state SOS office. We're dealing with a security account control agreement situation where the debtor operates under multiple business names, and I can't figure out which name should be on the filing. The collateral involves investment accounts and the bank is pushing us to get this perfected ASAP. Filed twice already using what I thought was the correct legal name from the charter documents, but both times came back rejected for 'debtor name does not match records.' Anyone dealt with security account control agreement filings where the debtor has DBA names? The investment advisor is saying one thing, our corporate records show another, and the SOS portal keeps spitting back rejections. This is holding up a $2.8M credit facility and I'm running out of time before the temporary perfection expires.

Having major issues with UCC-1 filings getting rejected by the Maryland SOS system. We've had three consecutive rejections over the past month, all citing debtor name discrepancies. The business name on our loan documents shows 'Chesapeake Marine Services LLC' but the charter shows 'Chesapeake Marine Services, LLC' (with the comma). I know this seems minor but the system keeps kicking it back. Our lender is getting frustrated and we need to perfect this security interest on boat equipment worth $340K before month end. Has anyone dealt with Maryland's specific requirements for exact name matching? The portal doesn't give much guidance beyond 'name must match exactly' but match what exactly? Corporate charter, tax ID registration, or something else? This is holding up our entire equipment financing deal.

I've been trying to run UCC searches on the NY state portal for the past week and it keeps timing out or giving me error messages. I need to do lien searches on about 15 different debtors for due diligence on an equipment financing deal and this is holding up everything. The search function will load but then just sits there spinning when I hit submit. Has anyone else had issues with the NY UCC lookup system recently? I've tried different browsers and cleared cache but nothing works. This is really frustrating because I have a closing deadline coming up fast.