UCC Document Community

Last resort - if you can't get the termination to go through, you might need to file a correction first to update any name discrepancies, then file the termination. It's an extra step but sometimes necessary.

I've dealt with similar energy company UCC issues before. One thing that's helped me is to also check if Sunstreet Energy Group has filed any name changes or amendments with the Secretary of State since the original UCC-1. Energy companies frequently restructure or update their legal names, and sometimes the UCC system won't recognize slight variations even if they're technically the same entity. You might also want to search their corporate registration to see if there are any "also known as" names listed that could be causing the mismatch.

As a newcomer to this community, I want to thank everyone for this incredibly clear discussion! I was actually researching UCC 1-308 law for my own small business loan application and getting completely overwhelmed by conflicting information online. This thread has saved me so much confusion and wasted research time. It's now crystal clear that UCC 1-308 reservation of rights is about signing documents under protest/duress, while UCC-1 filings are just standard secured transaction perfection tools. For my upcoming $200k equipment loan, I'll focus on the basics everyone mentioned - exact LLC name matching state records, proper secured party info, and clear collateral description. Really appreciate having a knowledgeable community that can cut through all the internet noise and misinformation about UCC topics!

As a newcomer to this community, I have to say this thread has been absolutely invaluable! I was in almost the exact same situation as @Aurora Lacasse - my business partner mentioned UCC 1-308 law in passing during our loan discussions and I went down a massive research rabbit hole thinking it was somehow connected to our UCC-1 filing requirements. After reading through all these responses from experienced members, it's so clear now that I was mixing up two completely unrelated parts of the UCC. The distinction between UCC 1-308 (reservation of rights when signing under protest) and standard UCC-1 secured transaction filings is night and day. For anyone else who might stumble into this confusion - save yourself the headache and focus on the UCC-1 basics: exact debtor name matching your state filings, proper secured party information, and adequate collateral description. Thanks to everyone who took the time to educate us newcomers about the real-world application of these laws!

I feel like I'm reading about my exact situation from 6 months ago. The UCC-1-201 debtor classification rules seem straightforward until you hit these mixed entity/individual scenarios. Ended up having to amend our filing twice before getting it right.

I've been dealing with UCC-1-201 debtor classification issues for years and here's my take: you absolutely need to get the ownership structure crystal clear before filing anything. For your $850K loan, I'd recommend getting a formal ownership affidavit from both the individual and LLC stating exactly which entity owns which specific collateral. Then file separate UCC-1s accordingly - it's more expensive upfront but protects your priority position. Also, some states have specific formatting requirements for LLC names that differ from the registered name, so double-check your secretary of state database. Don't risk an $850K security interest on ambiguous debtor classifications!

I actually tried that Certana.ai tool someone mentioned earlier. Pretty slick for verifying that your UCC search results align with your actual filings. Caught a middle initial discrepancy that could have been a problem later. Worth checking out if you're doing a lot of these searches.

Thanks everyone for clarifying this! I was making it way more complicated than it needed to be. For our $450K construction equipment deal, sounds like the state UCC search at $25 is exactly what we need since it's all mobile equipment. Really appreciate the breakdown on state vs county - I was about to waste money on unnecessary county searches. Going to stick with the state search and move forward with confidence.

ugh the secretary of state filing systems are so picky about formatting and exact names. one wrong character and boom rejection letter in your email. at least most states do electronic filing now so you find out faster than the old paper days

As someone who's made every mistake in the book with UCC filings, I can't stress enough how important it is to get that debtor name perfect. I once had a $150k equipment deal where I used "ABC Manufacturing LLC" instead of "ABC Manufacturing, LLC" (missing that comma) and the filing got rejected. Had to scramble to refile before closing. Now I always pull the actual articles of incorporation and copy the name character for character. Also, for mixed collateral like yours, make sure your security agreement has solid after-acquired property language so you're covered if they buy more equipment later. The UCC-1 collateral description can be broad but your security agreement should be more specific about remedies and default provisions.