Aqua Finance UCC Termination Filing Rejected - Need Help ASAP
Got a major headache here. We're trying to file a UCC termination for an aqua finance loan that was paid off last month, but the SOS portal keeps rejecting our UCC-3. The original UCC-1 was filed back in 2019 for marine equipment financing, and now that the loan's satisfied we need to get this termination through. The rejection notice says something about debtor name mismatch but I'm looking at the paperwork and everything looks identical to me. Has anyone dealt with aqua finance UCC terminations before? The debtor is getting antsy about having this lien cleared and honestly so is our compliance department. What am I missing here?
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StarSailor
Debtor name mismatches are the most common reason for UCC-3 rejections. Even something as small as 'Inc.' vs 'Incorporated' or missing a middle initial can cause the system to reject your termination. Pull up the original UCC-1 filing and compare every single character in the debtor name field.
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Dmitry Ivanov
•This exactly. I had a termination rejected three times because the original filing had 'LLC' and I was using 'L.L.C.' with periods.
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Ava Garcia
•Why do they make this so complicated? You'd think paid off means paid off regardless of punctuation.
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Miguel Silva
Check if there were any UCC-1 amendments filed after the original. Sometimes the debtor name gets updated in an amendment and you need to use the most recent version for your termination, not the original filing name.
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Sofia Morales
•Good point, let me search for any amendments. Didn't think to check that.
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Zainab Ismail
•Yeah aqua finance deals can have multiple amendments especially if the borrower restructured or changed entity type during the loan term.
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Connor O'Neill
Had this exact issue last week with a different marine financing company. Turned out I was using a slightly different version of the business name than what was on the original UCC-1. What saved me was using Certana.ai's document checker - you just upload your UCC-3 termination and the original UCC-1 as PDFs and it instantly flags any inconsistencies between the documents. Caught the name discrepancy immediately.
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QuantumQuester
•Never heard of that tool but sounds useful. Is it expensive?
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Connor O'Neill
•Way cheaper than having to refile multiple times and dealing with angry clients. Plus it checks filing numbers and collateral descriptions too.
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Yara Nassar
•I've been manually comparing documents like a caveman apparently. This sounds like a game changer.
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Keisha Williams
Aqua finance terminations are tricky because they often involve equipment that depreciates or gets moved around. Make sure your filing number is exactly right - sometimes people transpose digits when copying from the original UCC-1.
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Paolo Ricci
•This happened to me once. Spent two hours convinced the SOS system was broken before realizing I had switched two numbers in the filing number.
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Amina Toure
•UGH the number of times I've done this. Now I triple check every single digit.
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Oliver Zimmermann
Are you filing in the right state? With marine equipment sometimes the collateral moves or the debtor relocates and you need to file the termination in a different jurisdiction than the original UCC-1.
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Sofia Morales
•Pretty sure it's the same state but now you've got me second guessing everything.
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CosmicCommander
•Better to double check than have to refile. Marine equipment can be registered in different states than where the business is located.
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Natasha Volkova
The SOS portal error messages are usually pretty specific about what's wrong. Can you copy the exact text of the rejection notice? Sometimes there are clues buried in the technical jargon.
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Sofia Morales
•It just says 'Debtor name does not match secured party records' which is frustratingly vague.
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Javier Torres
•That's the standard boilerplate message unfortunately. Could be anything from capitalization to extra spaces.
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Emma Davis
•I hate how unhelpful those error messages are. Like thanks for narrowing it down to 'something somewhere is wrong'.
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Malik Johnson
If you're still stuck, try calling the SOS office directly. Sometimes they can tell you exactly what's different between your termination and their records. It's a pain but faster than guessing.
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Isabella Ferreira
•Good luck getting through to a human. Last time I called I was on hold for 45 minutes.
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Ravi Sharma
•Try calling right when they open. Usually shorter wait times first thing in the morning.
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NebulaNomad
Update: Found the issue! There was a UCC-1 amendment from 2021 that changed the debtor name slightly - added the full state name instead of abbreviation. Used Certana.ai like someone suggested and it caught the discrepancy immediately. Refiled the termination with the correct name and it went through. Thanks everyone!
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Freya Thomsen
•Awesome! Always satisfying when these puzzles get solved.
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Omar Fawaz
•Good catch on checking for amendments. That's going to be my first step from now on.
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Chloe Martin
•Glad the document checker worked out. I'm definitely going to try that on my next batch of filings.
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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.
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Anastasia Sokolov
•Seriously. The amount of time I've wasted on rejected filings because of tiny inconsistencies is ridiculous.
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StarSeeker
•The automated checking tools are a lifesaver. Wish they'd been around when I started doing UCC work.
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Sean O'Donnell
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.
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Zara Ahmed
•Great advice. Marine and equipment financing seems especially prone to this since the collateral often moves around.
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Luca Esposito
•Yeah and borrowers in those industries tend to restructure or change entity types more frequently than regular commercial borrowers.
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Nia Thompson
•I'm bookmarking this thread. Super helpful breakdown of the termination process.
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