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Aria Khan

UCC changes affecting continuation deadline calculations - need clarification

Our compliance team is scrambling to understand how recent UCC changes impact our continuation filing timeline calculations. We've been using the standard 5-year rule for UCC-1 continuations, but there's confusion about whether new interpretations affect when the clock starts ticking. We have about 40 financing statements coming up for continuation in the next 6 months, and I'm worried we might miss critical deadlines if we're calculating wrong. The SOS website mentions updates but doesn't clearly explain how this impacts existing filings vs new ones. Has anyone dealt with similar UCC changes recently? I need to brief our lending committee next week and want to make sure we're not missing something that could invalidate our security interests.

Abigail bergen

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For what it's worth, our law firm sent out a memo saying the UCC changes don't affect existing continuation schedules. The updates are primarily about standardizing electronic filing processes across states.

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Aria Khan

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That matches what others are saying. Sounds like I was overthinking this - the timing rules are the same, just the filing validation is more strict.

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Ahooker-Equator

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Better to overthink it than miss a continuation deadline! But yeah, you should be fine with your existing timeline calculations.

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Thanks everyone for the clarification. Sounds like I need to focus on making sure our UCC-3 continuations will match properly under the updated validation rules rather than worrying about timeline changes. The document checking tools mentioned here sound like they'll save us a lot of headaches.

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Tyrone Hill

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Exactly right. Same deadlines, just need to be more careful about the filing details.

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Toot-n-Mighty

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Keep us posted on how your continuation batch goes. Always helpful to hear about real-world experiences with the updated processes.

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