UCC Document Community

That's a great point I hadn't considered! I'm not planning to relocate anytime soon, but it's good to know for the future. Would the lender typically handle refiling in the new state, or is that something I'd need to initiate?

Usually the lender will handle the refiling since it's in their interest to maintain their security position. Most loan agreements have provisions requiring borrowers to notify the lender of any address changes, and then the lender takes care of the necessary UCC filings. But definitely confirm this with your lender when you sign - some might put the responsibility on the borrower to initiate the process.

Great questions! Typically lenders can list multiple pieces of equipment on a single UCC-1 filing as long as they're all part of the same loan or credit facility. The collateral description can be broad (like "all equipment") or specific (listing each item). For equipment financed at different times or from different vendors, it often depends on whether they're separate loan agreements or amendments to an existing facility. If they're separate loans, you'll likely see separate UCC filings. The key is that each filing needs to accurately describe what collateral secures which debt. Your lender should explain their specific approach during the loan process.

Will definitely post an update once this gets sorted out. Calling supervisor level tomorrow morning.

Yes please update! Would help the rest of us know if this is a widespread issue or just random delays.

I wouldn't recommend refiling unless you're absolutely certain there was an error in your original submission - that could just create duplicate filings and more confusion. From what I'm seeing in this thread, it sounds like there are systemic delays right now. I'd follow the advice others gave about escalating to a supervisor first, especially with your borrower's timeline pressure. The verification tool approach also seems smart - having documentation that proves your filing was correct gives you more leverage when you call. Keep us posted on how the supervisor call goes!

That's the smart approach. Better to be prepared than caught off guard at closing.

Good luck with your client situations. Hopefully the OPPT nonsense eventually fades away completely.

Welcome to the wonderful world of sovereign citizen UCC filings! "Biological property" is a new one for me - I've seen "strawman," "vessel," and "corporate fiction" but that's creative. The $10 billion valuation is pretty standard though - they always go big with their imaginary numbers. You're absolutely right to include explanatory language in your reports. It saves so much time later when clients or lenders start asking questions.

Excellent points about timing and leased vehicles! I've seen deals where lenders missed the perfection deadline and lost priority. For the lease issue - how do you typically handle situations where some vehicles in a fleet are leased vs owned? Do you need separate security agreements for each type under Article 9?

For mixed fleets with owned and leased vehicles, you typically need different approaches under Article 9. For owned vehicles, standard title perfection works. For leased vehicles, you need to either get the lessor to subordinate their interest or perfect against the lessee's rights in the lease (which might require UCC-1 filing since lease rights aren't always covered by certificate of title). I usually require separate schedules in the security agreement identifying which vehicles are owned vs leased to avoid confusion. Also worth noting that some leases prohibit additional liens, so you need to review the lease terms carefully before proceeding.

Great question about multi-state registration! Under Article 9, you generally perfect in the state where the debtor is located (their chief executive office), not where each vehicle is registered. However, for certificate of title perfection, you typically need to perfect where the certificate of title is issued, which is usually where the vehicle is primarily garaged or the owner's principal place of business. For long-haul trucks that cross state lines regularly, this can get tricky - I'd recommend checking UCC 9-303 and your specific state's variations. Some lenders require perfection in multiple states as belt-and-suspenders protection, especially for high-value fleets. You might also want to consider whether any vehicles could change their location of titling during the loan term.

Ok I'll try that approach. Fingers crossed it goes through quickly!

In my experience SC is pretty fast with online filings. Just make sure everything is perfect the first time so you don't have to refile.

That's good to know about the paper filing option! I'm just getting started with UCC filings and wasn't sure if electronic was the only way. The 5-7 day processing time for paper is pretty reasonable if you're not in a rush. Do you know if they provide tracking for mailed filings so you can confirm they received your documents?